Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Developing a modern and effective industrial strategy will be no easy feat.TheThe United Kingdom is further along, having released in January a green paper on building an industrial strategy.In the United Kingdom, for example, the government expects to focus instead on "targeted interventions" designed to create positive incentives, correct market failures, and address social, geographical, and sectoral imbalances.The U.K.'s new plan does not even pinpoint the strategy's main objective.U.K. leaders must recognize that, where the strategy is aimed at strengthening post-Brexit growth, it will probably have to be set in the context of higher tariffs vis-a-vis the EU, which would remain Britain's main market. Worryingly, however, the proposed strategy may over-emphasize ring-fencing the government's own involvement in the economy.So an effective industrial strategy must establish not only an overall timeframe, but also important milestones along the way.After all, an effective modern industrial strategy requires a careful accounting of the assets and resources, including human capital, that the economy will need in the coming years.The U.K. government acknowledges the importance of creating the right institutions to address regional disparities.
U.S. manipulation of currency manipulation
China’s currency Catch-22 –
what to do about the conundrum?
FOLLOW THIS ARTICLE