11. Industrial Policy Implementation: Empirical Evidence from China’s Shipbuilding Industry
- Author:
- Panle Barwick, Myrto Kalouptsidi, and Nahim Bin Zahur
- Publication Date:
- 08-2021
- Content Type:
- Policy Brief
- Institution:
- The Cato Institute
- Abstract:
- Industrial policy has been widely used in developed and developing countries. Examples include the United States and Europe after World War II; Japan in the 1950s and 1960s; South Korea and Taiwan in the 1960s and 1970s; and Brazil, China, India, and other developing countries more recently. Industrial policies are now back in the spotlight in developed countries, such as Europe and the United States. Designing and implementing industrial policies is a complicated task. Governments seeking to promote the growth of selected sectors have a wide range of policy tools at their disposal, including subsidies on output, provisioning loans at below‐market interest rates, preferential tax policies, tariff and nontariff barriers, and so on. They must also choose the timing of policy interventions and whether to target selected firms within an industry.
- Topic:
- Government, Industrial Policy, Economic Policy, and Shipbuilding
- Political Geography:
- China and Asia