Speaking from the 2024 World Economic Forum’s annual meeting in Davos, Adam S. Posen, president of the Peterson Institute for International Economics, raises concerns that industrial policies—including trade barriers, subsidies, and regulations to favor domestic industries—will transform companies into “national champions,” to the detriment of global common standards, efficiency, and stable prices for the developing world.
To watch the full session on industrial policy, please visit the World Economic Forum website.
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