Industrial policies can promote inclusive growth 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 economic landscape of a country, influencing the distribution of resources and opportunities among its citizens. These policies have the potential to either exacerbate existing inequalities or promote inclusive growth by ensuring that the benefits of economic development are shared more equitably across society. By targeting specific industries or sectors for support and intervention, industrial policies can help to level the playing field for smaller firms and entrepreneurs who may otherwise struggle to compete in a market dominated by larger, more established players. This can lead to a more diverse and dynamic economy, with a greater variety of goods and services available to consumers, as well as increased employment opportunities for a broader range of workers. Furthermore, industrial ...
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