As the debate around industrial policy intensifies, there is broad consensus on the rationale for government support to encourage private sector innovation. Economy-wide returns from research and development (R&D) in the private sector can be much greater the returns reaped by private firms alone.

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13 June 2025

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World Bank blogs

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https://blogs.worldbank.org/en/developmenttalk/tax-incentives-for-r-d-can-spur-innovation-and-growth-when-done-

This Blog is published under the centre's Growth programme.

This publication comes under the following theme: Innovation drivers