In the context of escalating geopolitical tensions, environmental challenges and rapid technological change, industrial policies – state-led strategic interventions designed to reshape an economy’s production structure – have made a comeback in both advanced economies and emerging markets. These policies seek to address global market failures such as climate change, foster economic growth, boost innovation and improve competitiveness. However, they have a mixed track record and pose complex challenges, which this panel will explore.
Tis discussion examined whether and how emerging markets can use industrial policy to drive sustainable economic growth, diversify economies and enhance competitiveness while navigating global geopolitical uncertainty and avoiding the mistakes of the past. It also explored how these economies can manage the delicate balance between national competitiveness and international cooperation.
Speakers:
Richard Porter, MD, Communications, EBRD
Beata Javorcik, Chief Economist, EBRD
Jeromin Zettelmeyer, Director, Bruegel
Bernardo Sestini, Chairman and Chief Executive Officer, SIAD Group
Leslie Maasdorp, CEO of British International Investment
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In the context of escalating geopolitical tensions, environmental challenges and rapid technological change, industrial policies – state-led strategic interventions designed to reshape an economy’s production structure – have made a comeback in both advanced economies and emerging markets. These policies seek to address global market failures such as climate change, foster economic growth, boost innovation and improve competitiveness. However, they have a mixed track record and pose complex challenges, which this panel will explore.
Tis discussion examined whether and how emerging markets can use industrial policy to drive sustainable economic growth, diversify economies and enhance competitiveness while navigating global geopolitical uncertainty and avoiding the mistakes of the past. It also explored how these economies can manage the delicate balance between national competitiveness and international cooperation.
Speakers:
Richard Porter, MD, Communications, EBRD
Beata Javorcik, Chief Economist, EBRD
Jeromin Zettelmeyer, Director, Bruegel
Bernardo Sestini, Chairman and Chief Executive Officer, SIAD Group
Leslie Maasdorp, CEO of British International Investment
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The new episode of the EBRD’s Fearonomics podcast explores the risks of rolling back globalisation.
Globalisation connected the world’s economies as never before. Cross-border trade in goods and services became a routine.
The financial crisis of 15 years ago highlighted how fast contagion can spread around the globe.
The Covid pandemic exposed how fragile supply chains can be. And now Russia’s war on Ukraine suggests that economic links can be a source of weakness, not strength.
Listen to Jonathan Charles, the EBRD’s Managing Director of Communications, in discussion with Sergei Guriev, former EBRD Chief Economist and currently Professor of Economics at Science Po, and Beata Javorcik, the EBRD’s Chief Economist who is also Professor of Economics at Oxford University.
Will the war on Ukraine – and the sanctions imposed on Russia as a result - deliver a fatal blow to the concept which has underpinned our understanding of the world economy for decades?
EBRD podcasts
In the context of escalating geopolitical tensions, environmental challenges and rapid technological change, industrial policies – state-led strategic interventions designed to reshape an economy’s production structure – have made a comeback in both advanced economies and emerging markets. These policies seek to address global market failures such as climate change, foster economic growth, boost innovation and improve competitiveness. However, they have a mixed track record and pose complex challenges, which this panel will explore.
Tis discussion examined whether and how emerging markets can use industrial policy to drive sustainable economic growth, diversify economies and enhance competitiveness while navigating global geopolitical uncertainty and avoiding the mistakes of the past. It also explored how these economies can manage the delicate balance between national competitiveness and international cooperation.
Speakers:
Richard Porter, MD, Communications, EBRD
Beata Javorcik, Chief Economist, EBRD
Jeromin Zettelmeyer, Director, Bruegel
Bernardo Sestini, Chairman and Chief Executive Officer, SIAD Group
Leslie Maasdorp, CEO of British International Investment
