Industrial policy has gained popularity in developed and middle-income countries due to various factors. The geopolitical environment has made governments wary of international trade, while failed carbon emission policies have led to support for industrial policies focused on reducing emissions. Inequality has also fueled interest in industrialization and job creation. However, careful consideration of costs is necessary, as investments in industrial policies can divert resources from other crucial areas. The latest edition of the East Asia Forum Quarterly explores the implications of industrial policy in Asia and globally.
Frequently Asked Questions
Q: What is industrial policy 2.0?
A: Unfortunately, the search results do not directly provide information on the specific details of industrial policy 2.0.
Q: Which countries in East Asia are at risk of being caught in the undertow of industrial policy 2.0?
A: According to the East Asia Forum, both Indonesia and another country are mentioned as being at risk, but further details about this policy are not provided.
Q: How can I gain a better understanding of industrial policy 2.0 and its implications for East Asia?
A: To gain a better understanding of industrial policy 2.0 and its implications for East Asia, you may need to search for more specific information or explore relevant academic articles, reports, or government publications. Some potential sources to consider include international organizations like the International Monetary Fund (IMF), the World Bank, or policy research institutes focusing on East Asian economies.
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