Industrial Policy, Antitrust, and Economic Growth: Some Observations

Economic growth has slowed in many countries, in some cases posing significant long-run threats to national well-being and security.  Governments are considering industrial policy to accelerate growth and gain competitive advantages over other countries. Antitrust authorities are looking at how to deal with industrial policy, and governments are looking at how to deal with antitrust authorities. This article makes three observations. First, countries need to balance how much to rely on industri