National Industrial Policy and Economically Distressed Communities

Industrial policy refers to deliberate government actions to affect the growth or decline of firms or industries for the sake of aggregate national prosperity and international competitiveness. This paper presents empirical evidence that policies designed to promote these objectives would be targeted differently from those designed to promote development of economically‐distressed regions and communities. Facing multiple objectives, it is difficult for the public sector to pursue industrial growth directly as effectively as can private entrepreneurs. However, government aid to economically‐distressed locales and dislocated workers and firms may indirectly support national industrial policy goals

Business · Economic growth · Economic policy · Economics · Empirical evidence · Government (linguistics · Industrial policy · International trade · National government · National Policy · Political science · Politics · Private sector · Prosperity · Public economics · Public policy · Economic Growth and Productivity · Italy: Economic History and Contemporary Issues · Regional Development and Policy

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