Where is industrial policy headed? Lessons from Europe and Asia

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The issue of EU’s industrial policy is deeply intersectional, where the EU policymakers are having to assess trade-offs involving decarbonisation, labour market transformations and global imbalances, among other factors, whilst designing industrial policy that will ignite the EU’s competitiveness. Weeks after the recently published Industrial Accelerator Act and ahead of the forthcoming World Bank Industrial Policy for Development report, we will examine industrial policy from a European and Asian perspectives and compare lessons. What are different countries’ policy tools? How do India’s and the EU’s approaches to China compare?