The return of industrial policy

The new industrial policy going forward should be focused on creating technology advantages, building pools of incredibly talented scientists, technicians and workers, and setting up regulatory regimes that encourages innovation, experimentation, and flexibility.

Prime Minister Justin Trudeau, pictured March 3, 2021, in Ottawa. There is no reason Canada cannot be a winner in this new global business context provided we aim purposely for the podium, write Kevin Lynch and Paul Deegan. The Hill Times photograph by Andrew Meade

Opinion

BY KEVIN LYNCH AND PAUL DEEGAN

April 12, 2021

An unintended consequence of populism and geopolitics is the return of industrial policy in most Western countries. Whether it is populist “Buy America” policies creating protectionist trade walls, or expanding tech export and investment restrictions as the United States and China compete for do...

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