At the World Trade Organization’s annual Public Forum, which brings together researchers, civil society, practitioners, and businesses, CFR Senior Fellow for International Trade Inu Manak sat down ...

Industrial policy has returned, shaped by the US–China rivalry, supply-chain disruptions and rising geopolitical risks. The new industrial policy differs from the old in its shifted locus and expanded ...

Industrial policy is having a moment. This is the idea that the government—state or federal—can provide a boost to "strategically important" industries. This is sometimes for national security reasons ...

Global imbalances denote the distribution of countries’ current account balances, identically equal to the difference between two forward-looking aggregate variables: national savings and domestic ...

Industrial policy is having a moment in Europe, as countries increasingly turn to sectoral policy interventions to address the challenges of geopolitical fragmentation and economic security, enhance ...

In recent weeks and months, Donald Trump’s administration has supplemented its globe-spanning tariffs with bespoke industrial policy deals with U.S. corporations. These include the federal government ...

COMMON SENSE beats a retreat when economics turns into orthodoxy. That happened 30 years ago, when the World Bank answered an ancient policy question—should a government ever load the dice in favour ...

Throughout the twentieth century, the United States deployed bold and creative industrial policies to secure critical minerals during crises. Today, it has fully revived that playbook—using equity ...