How industrial policy works in real life

From Emergent Africa Thu Jan 17 2013, 06:00:00

In light of the Africa rising or not meme. An earlier post from Kariobangi on industrial policy:

Taiwan, year 1983. The plan of the government consisted of 3 simple steps:

Identify an imported product that you want to produce locally.

Use red tape to slowdown the import of that product

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