The Return of Industrial Policy: A Constructive Role for the WTO

Vinod K. Aggarwal

Building on Bali: A Work Programme for the WTO, CEPR, 2013

One prominent feature of crisis-era policymaking is the resurgence of industrial
policy. Until recently, industrial policy had been taboo in Anglo-Saxon countries such
as the US and UK. Yet even in these economies, since the crisis began some senior
policymakers have made the case for state intervention to promote economic activity in
specific sectors. Rather than debate the pros and cons of industrial policy, the primary
goal of this chapter is to examine the implications of its return for the future work
programme of the WTO.

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