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Picking Losers

Pekingology

CHAPTER

What's the Purpose of Industrial Policy?

One of the reasons that so much capital is being channelled into critical and emerging technologies, robotics a i is precisely because they are trying to find ways to address some of these productivity challenges. How do you think about that t f p problem in industrial policy? Is it to booth tofactor productivity? Or is it to replicate what's being done abroad? So you ohat to rely on foreigners. Ah, but i think those are intention i me,. A lot of a lot of what china is doing now, in some way, seems to be wasteful, i inters of replication.

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