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Normalizing industrial policy (English)

The theoretical case for industrial policy is a strong one. The market failures that industrial policies target in markets for credit, labor, products, and knowledge have long been at the core of what development economists study. The conventional case against industrial policy rests on practical difficulties with its implementation. Even though the issues could in principle be settled by empirical evidence, the evidence to date remains uninformative...
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Rodrik,Dani.

Normalizing industrial policy (English). Commission on growth and development working paper ; no. 3 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/524281468326684286

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