Industrial Policies

Industrial policies refer to government strategies aimed at promoting the growth and competitiveness of specific sectors within the economy. These policies may include measures like subsidies, tax incentives, and regulations designed to support industries deemed important for economic development. In the context of international economic policies, industrial policies can influence trade relations, shape global supply chains, and help countries gain an advantage in the global market. By focusing on targeted industries, governments aim to boost innovation, create jobs, and enhance overall economic resilience.