Industry Policy

Industry policy in Global Commerce Policy

In this regard, industry policy is: in its wide meaning, this term refers to policies adopted by governments towards all industries or industrial development generally. The entries on trade policy are here. In its narrow meaning, it covers governmental policy towards selected industrial sectors to ensure their development or restructuring. This can be done in many ways, and one of them is protection. Sometimes, calls for an active industry policy reflect no more than a desire to pursue mercantilism, freer availability of subsidies, preference for domestic manufacturers in government procurement and local content requirements. See also infant-industry argument, learning-by- doing argument, picking winners, strategic trade theory and structural adjustment.[1]

Industry policyin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Industry policy” entry (OAS)

See Also