Published by the World Bank, Industrial Policy for Development: Approaches in the 21st Century provides a comprehensive framework for designing industrial policies in developing and advanced economies. The report analyzes 15 industrial policy tools, including subsidies, tariffs, industrial parks, and skills programs, and explains how governments can address market failures to stimulate growth, employment, and innovation. Drawing on evidence from more than 60 countries, it emphasizes that successful industrial policy depends on institutional capacity, fiscal resources, transparency, and alignment with development goals.
