Policy coherence is needed across sectors from "summary" of The Industrial Policy Revolution II by J. Esteban,J. Stiglitz,Justin Lin Yifu
Policy coherence is essential in ensuring that different sectors are working together towards common goals. Without coordination and alignment across sectors, policies may end up working at cross purposes, leading to inefficiencies and conflicting outcomes. For example, an industrial policy aimed at promoting the growth of a specific sector may be undermined if there are conflicting policies in place that impede the sector's development. In such cases, it is crucial for policymakers to ensure that all policies are aligned and supportive of each other to achieve the desired results. Moreover, policy coherence can also help in addressing trade-offs and conflicts that may arise between different sectors. By taking a holistic approach and considering the interconnectedness of various sectors, policymakers can better navigate the complexities of policy-making and find innovative solutions that benefit all stakeholders. Furthermore, policy coherence can enhance the overall effectiveness of policies by leveraging synergies between sectors. By coordinating efforts and resources across different policy areas, policymakers can maximize the impact of their interventions and address complex challenges more comprehensively.- Policy coherence is a fundamental principle that underpins effective policy-making. By ensuring alignment and coordination across sectors, policymakers can enhance the efficiency, effectiveness, and sustainability of their policies, ultimately leading to better outcomes for society as a whole.
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