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The Macro Episode
"Econ 102" with Noah Smith and Erik Torenberg
Lessons from Industrial Policy Analysis
The speaker's interest in industrial policy was sparked by the success and failures of Japan's industrial policy, which led to a deep dive into the historical and global context of industrial policies. The speaker found that while Japan's industrial policy had moments of success, it also had periods of failure. This exploration extended to studying the industrial policies of Korea and Taiwan, which were successful, as well as failures in America and Africa. The speaker's initial belief in the positive impact of industrial policy was challenged by the mixed track record of various countries' approaches.
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