Industrial Policy Meeting, New Delhi 2005

Although the term industrial policy has earned a poor reputation in the past, this prescription has been successfully employed in what are now some of the most vibrant emerging markets. India, China and Brazil, for instance, have had remarkable success in boosting economic growth, and in diffusing the benefits of technology led growth. Industrial policy can and does work, when the right industries are supported and when commerce has large spillovers.

Since it last met, the Industrial Policy task force added two new members who will use the upcoming meeting to discuss the past and future of industrial policy in India and China. Participants also reviewed final drafts of papers for their forthcoming publication. This task force meeting was held from 12 - 13th of December in partnership with the National Council of Applied Economic Research.