Industrial Policy: Silver Bullet or Economic Drain?
Update: 2025-10-03
Description
Are Subsidies the Secret Weapon for Economic Growth or a Costly Mistake? The IMF dives deep into the rising trend of countries using public support to boost specific industries, from China's EV push to the EU's state aid surge. Discover how these policies impact job creation, self-reliance, and fair competition, and why the IMF is urging governments to proceed with caution, learn from past successes (like South Korea), and avoid the pitfalls that can hinder overall economic productivity.
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