Industrial Policy

Increasing evidence that the IRA is probably not harming pharmaceutical innovation.

In the global super election year of 2024, populists are threatening to experience a new upswing almost everywhere – whether in the USA, the EU or in East Germany. What makes so many citizens so dissatisfied? What could help win people back and restore their trust in liberal democracy?

The American state has lost the capacity for concentrated and decisive effort at the forefront of technology and the associated science.

The discrepancy between technocratic rhetoric and economic facts is colossal.

“If we get our policy, politics, and institutions right, African economies and society could gain greater energy and food security, built on green competition and taking strong action on climate change.“ —Professor Chuks Okereke, Director of the Centre for Climate Change and Development at Alex Ekwueme Federal University

Sanctions on Russia are isomorphic to a strict policy of trade protection, industrial policy, and capital controls.

Despite the shock and the costs, the sanctions imposed on the Russian economy were in the nature of a gift.

A model that captures key vulnerabilities and structural weaknesses of developing countries’ trade and production structures.

The current energy market structures, including the short-run-marginal-price-on-all nature of the current wholesale market, are not fit for a transition to a renewables-dominated system.

Financial Times columnist and author Rana Foroohar talks about her new book Homecoming: The Path to Prosperity in a Post-Global World

Servaas Storm’s commentary for an INET symposium on the Inflation Reduction Act

Thomas Ferguson’s commentary for an INET symposium on the Inflation Reduction Act

China’s successful technological development path stands in contrast to the corporate financialization model in the United States

Whether it is called “Build Back Better” or a “Green Industrial Policy” or, indeed, a Green New Deal, it is imperative to reject the false dichotomy of “jobs against climate.”

While Africa’s “premature deindustrialization” appears to be the dominant global narrative, recent analysis of the data suggests that de-industrialization is not the common experience for the majority of African countries