Danny Quah argues that while industrial policy is now a “scientific” necessity, it is frequently misused as a cover for elite plunder in developing nations or as a tool of aggressive economic statecraft by Great Powers. He warns that smaller states must not blindly adopt the protectionist logic of major powers, as conflating national security with industrial strategy often allows bad policies to escape rigorous economic scrutiny.
Source link: https://dannyquah.substack.com/p/good-and-bad-industrial-policy-lessons
