New Industrial Policies

New industrial policies in Global Commerce Policy

In this regard, new industrial policies is: NIPs. This is a term sometimes used for targeted industrial development policies that differ both from laissez-faire policies which allow the market to determine the broad lines of industrial development and simple protectionism which seeks to give industries a shield against competition from imports. NIPs include governmental measures to increase savings and capital investment, compulsory or guided sharing of technology among enterprises, forced mergers to promote efficiency, shared research and development facilities, possibly subsidized, etc. See also national champions.[1]

New industrial policiesin the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “New industrial policies” entry (OAS)

See Also