Watch LIVE on Tuesday 26 November 2024 at 1600 (London time) for the launch of the Transition Report 2024-25.
The discussion moderated by Richard Porter, EBRD Managing Director of Communications, features:
Joseph Stiglitz, Nobel laureate in economics and Professor at Columbia University
Rana Foroohar, global business columnist and associate editor at the Financial Times
Jeromin Zettelmeyer, Director of Bruegel, the European Union’s economic think tank
Beata Javorcik, EBRD Chief Economist
The launch will be followed by a drinks reception at 1730.
This report takes an extensive look at industrial policies in the EBRD regions and beyond. Such policies, which are aimed at changing the sectoral composition of production in an economy, have seen a resurgence in recent years, seeking to address increasingly pressing market failures such as environmental degradation.
Their track record is mixed, with their growing popularity being shaped primarily by domestic political economy considerations and rising geopolitical tensions. While industrial policies are typically employed by higher-income economies, they are also being seen more frequently in economies with less administrative and fiscal capacity to implement them.
