What fiscally sound industrial policy can do
I recently gave a talk about industrial policy at the International Monetary Fund. That is a sentence you probably would not have read even a few years ago: historically, the IMF has been a sharp...
Will the new industrial policy work?
Industrial policy has returned to government agendas across the developed and developing world. While the US Inflation Reduction Act has shocked America’s Asian and European trading partners, the...
How realistic are China’s semiconductor ambitions?
When Joe Biden landed in South Korea last month – his first official trip to the country as US President – he headed straight for Samsung’s massive semiconductor factory outside Seoul. There, he...