2.1b What is the role for industrial policies in countries at different income levels? What are the capabilities needed to implement them effectively? How can they best be used in today’s economic environment? How should countries respond to other countries’ industrial policies?

Background

Research supports policy makers to adjust to the changing global economic environment, to deliver sustainable, inclusive growth that is resilient to a variety of shocks. Global changes in technology, trade and climate are re-shaping the pathways open to countries of all income levels to drive structural transformation and employment-rich growth, while increased debt levels are reducing policymakers’ room to manoeuvre.

Research and evidence are also needed to bring a suite of broader economic tools to spur the private sector and increase productivity through increased investment, trade, technological upgrading and improved human capital and infrastructure.

Next steps

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