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China’s Manufacturing Powerhouse

All Things Policy

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Navigating Industrial Policies in a Global Landscape

This chapter examines the evolution of economic thought on government intervention in markets, focusing on the balance between classical theories and the need for strategic industrial policy. It highlights the impact of China's industrial practices and the emerging trend of industrial policies across nations like the U.S. and India, addressing the challenges and advantages they face. The discussion emphasizes the integration of research and development with industrial growth, particularly comparing China's strengths to India's potential in transforming its manufacturing sector.

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