Changing attitudes on industrial policy

What are the pros and cons of industrial policies in tackling market failures and other challenges? Economist Michael Spence writes in defense of industrial policy in Project Syndicate and Douglas Irwin considers the return of industrial policy for the IMF. Vox interviews Kimberly Clausing about the dark nationalism of Biden’s climate policies. The Wall Street Journal looks at Bidenomics and its contradictions, while Chip Capitols dives into the industrial policies that fostered Taiwan’s semiconductor juggernaut.

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