This paper investigates the intricate relationship between industrial policy and economic competitiveness. Economic competitiveness is a critical factor for the sustained growth and prosperity of any nation, as it determines its ability to compete in the global markets. Industrial policy, in turn, serves as a strategic tool for governments to guide and support the development of specific industries within their economies. The study delves into the various aspects of industrial policy, including its objectives, tools, and implementation mechanisms. It examines how these policies can either enhance or hinder economic competitiveness. By analyzing case studies and theoretical frameworks, the paper highlights the importance of a balanced and targeted approach to industrial policy formulation. It concludes that successful industrial policy requires a careful assessment of a nation's comparative advantages, the role of innovation, and the need for effective governance structures.
White, J. (2023). Industrial Policy and Economic Competitiveness. Economics and Finance Research Letters, 5(1), 37. doi:10.69610/j.efrl.20230319
ACS Style
White, J. Industrial Policy and Economic Competitiveness. Economics and Finance Research Letters, 2023, 5, 37. doi:10.69610/j.efrl.20230319
AMA Style
White J. Industrial Policy and Economic Competitiveness. Economics and Finance Research Letters; 2023, 5(1):37. doi:10.69610/j.efrl.20230319
Chicago/Turabian Style
White, James 2023. "Industrial Policy and Economic Competitiveness" Economics and Finance Research Letters 5, no.1:37. doi:10.69610/j.efrl.20230319
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ACS Style
White, J. Industrial Policy and Economic Competitiveness. Economics and Finance Research Letters, 2023, 5, 37. doi:10.69610/j.efrl.20230319
AMA Style
White J. Industrial Policy and Economic Competitiveness. Economics and Finance Research Letters; 2023, 5(1):37. doi:10.69610/j.efrl.20230319
Chicago/Turabian Style
White, James 2023. "Industrial Policy and Economic Competitiveness" Economics and Finance Research Letters 5, no.1:37. doi:10.69610/j.efrl.20230319
APA style
White, J. (2023). Industrial Policy and Economic Competitiveness. Economics and Finance Research Letters, 5(1), 37. doi:10.69610/j.efrl.20230319
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References
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