EBRD warns its economies to take care with industrial policies

The global resurgence of industrial policies – state-led strategic interventions designed to reshape an economy’s production structure – can yield positive results but need to be designed and implemented with tactical precision, the European Bank for Reconstruction and Development (EBRD) said today. The Bank’s latest Transition Report, entitled 'Navigating Industrial Policy', sheds light on industrial policies across the EBRD regions and beyond, citing their mixed track record and presenting key principles for improving their success rate, while also highlighting the nuanced complexities of executing them effectively.