Introduction

After several decades of divided opinions, industrial policy has once again become popular during the past 10 years among policymakers in both the developed and the developing world. The new generation of industrial policies, however, differs significantly, both in methods and in scope, from earlier interventions. Compared with the relatively heavy handed industrial policies of the past, which tended to focus on the blunt protection of specific industries, industrial policies today are more agile, interactive, inclusive, flexible, integrative with other policy areas and responsive to broader issues such as sustainable development. Furthermore, FDI and MNE operations have become an integral part, either explicitly or implicitly, of contemporary industrial policies in many countries.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Responsible Consumption and Production