From funding for domestic chip manufacturing making its way through the US government right now to China’s subsidization of industries it views as strategic, industrial policy is an important aspect of understanding today’s intersection of business and government. But just how much do countries spend on industrial policy? It turns out, although lots of research has been done on the efficacy of industrial policy, less ink has been spilled about the question of the size of that spending. To shed some light on the sheer scale of industrial policy spending in China and other countries, we chat with the authors of a new report on the topic from CSIS, Ilaria Mazzocco and Gerard DiPippo.
- Read the report: Red Ink: Estimating Chinese Industrial Policy Spending in Comparative Perspective
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