Industrial policies can enhance competitiveness from "summary" of The Industrial Policy Revolution II by J. Esteban,J. Stiglitz,Justin Lin Yifu
Industrial policies play a crucial role in shaping the competitiveness of a country's economy. These policies are designed to create an enabling environment for industries to thrive and grow. By providing targeted support and interventions, industrial policies can help businesses overcome market failures and structural constraints that may hinder their competitiveness. One of the key ways in which industrial policies can enhance competitiveness is by promoting innovation and technological advancement. By investing in research and development, fostering collaboration between industry and academia, and providing incentives for firms to invest in new technologies, industrial policies can help industries stay ahead of the curve and adapt to ch...
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