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Industrial policy

Government efforts to favor specific sectors or technologies—subsidies, tariffs, public R&D, or national-security production goals.

Once unfashionable among free-trade purists, industrial policy returned in discussions of semiconductors, green technology, and resilience after shocks.

Antitrust and openness

Industrial policy interacts with competition law and trade openness: the same state may subsidize domestic champions while policing foreign rivals.

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