The one promise and many perils of resurgent industrial policy
What are the challenges and implications of industrial policy in today’s evolving global landscape?
Speakers
Chiara Criscuolo
Principal Economist, International Finance Corporation
Alexandr Hobza
Expert, Cabinet of Executive Vice-President Stéphane Séjourné, European Commission
Beata Javorcik
Chief Economist, European Bank for Reconstruction and Development
Jeromin Zettelmeyer
Bruegel Director
Agenda
Check-in & lunch
12:30-13:00Agenda
Presentation of the EBRD Transition Report 2024-25: Navigating industrial policy
13:00-13:15- Beata Javorcik, Chief Economist, European Bank for Reconstruction and Development
Agenda
Comments and panel discussion
13:15-14:00- Chair: Jeromin Zettelmeyer, Bruegel Director
- Chiara Criscuolo, Principal Economist, International Finance Corporation
- Alexandr Hobza, Expert, Cabinet of Executive Vice-President Stéphane Séjourné, European Commission
- Beata Javorcik, Chief Economist, European Bank for Reconstruction and Development
Agenda
Q&A
14:00-14:15This discussion explored the challenges and implications of industrial policy in today’s evolving global landscape. Industrial policies have seen a resurgence, seeking to address market failures such as environmental degradation. However, their track record is mixed. Their growing popularity is shaped primarily by domestic political economy considerations and rising geopolitical tensions. While industrial policies are typically employed by higher-income economies, they are also now used more frequently in economies with less administrative and fiscal capacity to implement them.
This event featured a presentation by Beata Javorcik, Chief Economist of the EBRD, of the latest EBRD Transition Report 2024-25: Navigating industrial policy.