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The New Era of Industrial Policy

Author

Listed:
  • Adam Jakubik
  • Michele Ruta
  • Samuel Pienknagura

Abstract

Key Messages:Industrial policy interventions have surged since 2020, increasingly driven by geopolitical concernsThe New Industrial Policy Observatory reveals over 36,000 interventions globally since 2009, enabling a systematic analysis of patterns and impactsIndustrial policies can improve products’ competitiveness in some cases, but the impact is short-lived and there is no evidence of self-sustaining virtuous cyclesEffective industrial policy requires careful design, strong governance, and multilateral cooperation to manage spillover effects

Suggested Citation

  • Adam Jakubik & Michele Ruta & Samuel Pienknagura, 2026. "The New Era of Industrial Policy," EconPol Forum, CESifo, vol. 27(01), pages 04-08, January.
    • Handle: RePEc:ces:epofor:v:27:y:2026:i:01:p:04-08
    as

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    File URL: https://www.ifo.de/DocDL/econpol-forum-1-2026-ruta-etal-new-era.pdf
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    References listed on IDEAS

    as
    1. Sandra Baquie & Yueling Huang & Ms. Florence Jaumotte & Jaden Kim & Rafael Machado Parente & Samuel Pienknagura, 2025. "Industrial Policies: Handle with Care," IMF Staff Discussion Notes 2025/002, International Monetary Fund.
    2. Lorenzo Rotunno & Michele Ruta, 2024. "Trade Spillovers of Domestic Subsidies," IMF Working Papers 2024/041, International Monetary Fund.
    3. Simon Evenett & Adam Jakubik & Fernando Martín & Michele Ruta, 2024. "The return of industrial policy in data," The World Economy, Wiley Blackwell, vol. 47(7), pages 2762-2788, July.
    4. Baquie, Sandra & Huang, Yueling & Jaumotte, Florence & Kim, Jaden & Machado Parente, Rafael & Pienknagura, Samuel, 2025. "Industrial policies: Handle with care," CEPR Press Book Chapters, in: Baldwin, Richard & Ruta, Michele (ed.), The State of Globalisation, edition 1, volume 1, chapter 6, Centre for Economic Policy Research.
    5. Simon Evenett & Adam Jakubik & Jaden Kim & Fernando Martín & Samuel Pienknagura & Michele Ruta & Sandra Baquie & Yueling Huang & Rafael Machado Parente, 2025. "Industrial Policy Since the Great Financial Crisis," IMF Working Papers 2025/222, International Monetary Fund.
    6. Rafael Machado Parente & Sandra Baquie & Yueling Huang & Ms. Florence Jaumotte & Jaden Kim & Samuel Pienknagura, 2025. "Industrial Policies and Firm Performance: A Nuanced Relationship," IMF Working Papers 2025/143, International Monetary Fund.
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