Industrial policy works for smaller firms

John Van Reenen, 17 February 2012



The Great Recession has brought industrial policy back into fashion. Huge subsidies have been granted by governments around the world to private firms, most dramatically in financial services, but also in other sectors like automobiles (see for instance Evenett 2011).

Topics: EU policies, Industrial organisation, International trade
Tags: protectionism, small business, subsidies

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