Monitoring and evaluation are vital from "summary" of The Industrial Policy Revolution II by J. Esteban,J. Stiglitz,Justin Lin Yifu
Monitoring and evaluation play a crucial role in the success of any industrial policy. Without effective monitoring and evaluation mechanisms in place, it becomes difficult to assess the impact of the policy and make informed decisions for future interventions. By continuously monitoring the implementation of the policy and evaluating its outcomes, policymakers can identify what is working well and what needs to be improved.
Monitoring allows policymakers to track progress towards the goals set out in the industrial policy. It provides real-time information on how the policy is being implemented on the ground and whether it is achieving the desired results. Through monitoring, policymakers can identify any bottlenecks or challenges that may arise during the implementation process and take corrective action to address them prom...
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