Revival of Industrial Policy

Since the early 2000s, industrial policy has experienced a significant resurgence after more than three decades of marginalization, becoming a focal point in both academic and policy discussions. This renewed interest stems from the need to address pressing challenges — such as the negative social and economic effects of globalization, escalating geopolitical tensions, and the looming threat to environmental sustainability — all of which expose the limitations of neoliberal policies. The book brings together a group of leading scholars who examine the historical and theoretical foundations of this new phase of industrial policy, exploring how it has led to new policy practices and rethinking of the scope and legitimacy of state action. The book focuses on the application of industrial policy across various geopolitical contexts, underscoring the progress made while also highlighting potential limitations and inconsistencies within the new discourse.