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Industrial Policy in Advanced Economies in the 21st century

Location: London School of Economics

24 May 2019

Download programme: Industrial Policy Programme

Download slides

CEP hosted a workshop on Industrial Policy in advanced economies in the 21st Century, bringing together leading academics and policy makers.

Dani Rodrik (Harvard University) gave the keynote lecture.

The presentation slides from many of the speakers are available at the bottom of this page.

Industrial Policy is enjoying a resurgence in advanced economies. Policy makers are putting forward policies to provide specific support for certain sectors, technologies or types of firms. Policy approaches include the setting of strategic objectives, facilitation of loose networks, active financial support, modifications to competition law and state ownership of key assets. This follows a period where such vertical targeting has been frowned upon because it was expected to lead to rent seeking, white elephants, waste of taxpayers’ money and distortion of competition and factor allocation.

Download programme: Industrial Policy Programme

The event consisted of 3 sessions:

Session 1: Keynote presentation by Prof Dani Rodrik (John F. Kennedy School of Government at Harvard University)

Session 2: Presentations by Prof John Van Reenen and Prof Swati Dhingra (LSE) followed by a Policy Panel featuring: Sam Lister (BEIS); Rebecca Endean (UKRI); Andy Haldane (Bank of England); Rain Newton Smith (CBI); and Philipp Steinberg (BMWi Germany).

Session 3: Academic presentations by: Ufuk Akcigit (Chicago); Ernst Liu (Princeton); Andres Rodriguez-Clare (Berkeley); and Ralf Martin (CEP, LSE & Imperial).

Download slides

Dani Rodrik
Swati Dhingra
John Van Reenen
Ufuk Akcigit
Ernest Liu
Andres Rodriguez-Clare
Ralf Martin

Conference organisers: Prof Giammario Impullitti, Prof Ralf Martin and Prof Henry Overman.

This event was organised with generous support from the Bertelsman Stiftung and EU Horizon 2020 Watson project.