Political Science 2211E Chapter Notes - Chapter Ciuriak: Advantageous, Space Manufacturing, Air Canada
17 Apr 2018
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Ciuriak, (cid:862)the resurgence of industrial policy and what it means for canada(cid:863) The consensus against industrial policy stands in stark contrast to pervasive government practices. Rightly or wrongly, but undeniably (and definitely uncomfortably for many economists), industrial policy has come in from the cold. The reasons for this renaissance are multifaceted, but a key driver was the global recession in 2008- 09. In addition, the slow recovery that followed the crash has left governments across the world desperate for ways to stimulate their weak economies and many advanced. Western economies are now looking jealously at much faster growth in asia and other emerging economies that promote the role of less conventional government interventions in the economy. We find that canada has a long history of industrial policy interventions, and we conclude that having policy that is truly neutral across sectors is inconsistent with the highly heterogeneous nature and policy requirements of different sectors.
