DAVID KAPLAN: Industrial policy cannot be same old story on repeat amid lagging growth
06 October 2019 - 19:10
The Treasury’s recent discussion document “Economic Transformation, Inclusive Growth, and Competitiveness: Towards an Economic Strategy for SA” begins its section on industrial policy with a call for “periodic and independent evaluations of industrial policy to ensure that they are effective in meeting their objectives”.
This is very appropriate. Good industrial policy requires frequent independent evaluations to assess what is and what is not effective so that policy can be adapted accordingly...
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