Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the

Development and Modern Industrial Policy in Practice provides an up-to-date analysis of industrial policy. Modern industrial policy refers to the set of actions

Nobel-Prize-winning economist Paul Krugman argues that business leaders need to understand the differences between economic policy on the national and internati

The author argues that a tax on imports commensurately creates a tax on exports, and that trade imbalances reflect capital flows between countries.