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Industrial policy

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Industrial Policy
Related Category: Economics: Terms and Concepts
government-sponsored economic program in which the public and private sectors coordinate their efforts to develop new technologies and industries.

 


Industrial Policy. A program of selective government interventions designed to change the sectoral composition of a country's economy by influencing the development of particular industries or sectors.

Industrial Policy
Encompasses traditional activist governmental policies intended to provide a favorable economic climate for the development of industry in general or specific industrial sectors.
Infant Industry Argument ...

INDUSTRIAL POLICY
Traditional government policies intended to provide a favorable economic climate for the development of industry in general or specific industrial sectors.

[+] Industrial policy‎ (1 C, 6 P)
[+] Pollution‎ (9 C, 57 P)
[+] Industrial processes‎ (24 C, 170 P) ...

Industrial policy
Government policy to influence which industries expand and, perhaps implicitly, which contract, via subsidies, tax breaks, and other aids for favored industries.

The reduced representation was due to a combination of the other parties against them, the matters at issue not being industrial policy, but colonial government and naval expenditure.

The idea that MITI's industrial policy was a cause of Japan's growth does not bear close scrutiny. Any industrial policy that promotes one industry is necessarily a policy against other industries.

Significantly, as per the latest FDI estimates released by Department of Industrial Policy and Promotion (DIPP), the government nodal agency, the non-resident Indians (NRIs) have contributed FDI inflows worth about US$ 41.

Tax, tariff and trade rules in modern times are usually set together because of their common impact on industrial policy, investment policy, and agricultural policy.

tax, tariff and trade
industrial policy
agricultural policy
currency union ...

and in association (ordinary legislative procedure) with the European Parliament (justice, security, immigration, budget and international treaties), through a Parliamentary consultation process (agriculture, taxation and industrial policy).

See also: Tariff, Banks, Free trade, Subsidies, Population

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