Industrial Policy and the Great Divergence
Annual Review of Economics, ISSN: 1941-1391, Vol: 16, Issue: 1, Page: 27-54
2024
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Review Description
We discuss recent work evaluating the role of the government in shaping the economy during the long nineteenth century, a practice we refer to as industrial policy. States deployed a vast variety of different policies aimed primarily, but not exclusively, at fostering industrialization. A thin but growing literature has started to evaluate the economic effects of these policies, but many questions remain open for study.
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