Réka Juhász, a Professor of Economics at the University of British Columbia, dives into the polarizing world of industrial policy. She outlines its government-driven approach to boosting specific sectors, which has been deemed taboo by many economists. With Biden's ambitious plans for investing in microchips and clean energy, Juhász explores the potential successes and pitfalls of this controversial strategy. She unpacks historical lessons and examines the challenges of government intervention, posing the question: can this new wave of industrial policy truly reshape the economy?
