The arrival of industrial policy 2.0

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.

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Q: What is industrial policy 2.0?

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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.

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