Launch Of The EBRD Transition Report 2024 - 25 Navigating Industrial Policy

Fearonomics: confront and overcome your fears about the global economy

Listen to the discussion on the industrial policy at the launch of the EBRD Transition Report, moderated by Richard Porter, EBRD Managing Director of Communications. It featured: Joseph Stiglitz, Nobel laureate in economics and Professor at Columbia University Rana Foroohar, global business columnist and associate editor at the Financial Times Jeromin Zettelmeyer, Director of Bruegel, the European Union’s economic think tank Beata Javorcik, EBRD Chief Economist The Transition Report report takes an extensive look at industrial policies in the EBRD regions and beyond. Such policies, which are aimed at changing the sectoral composition of production in an economy, have seen a resurgence in recent years, seeking to address increasingly pressing market failures such as environmental degradation. Their track record is mixed, with their growing popularity being shaped primarily by domestic political economy considerations and rising geopolitical tensions. While industrial policies are typically employed by higher-income economies, they are also being seen more frequently in economies with less administrative and fiscal capacity to implement them. Read it here: https://2024.tr-ebrd.com