Industrialization policy

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The industry requires extensive coordination activities from the state. This allows us to directly or indirectly influence production and development. In influencing the private industry, state authorities use the following tools:

There are usually 4 groups of industrial policy measures: Support policy or restructuring policy for some industry sectors. This applies in particular to iron and steel, shipbuilding or new industries (eg, IT) Establishment of large industry development programs through which companies receive government procurement. This results in the combination of public capital and private equity.

Although international law prohibits businesses from violating competition rules, most countries implement large national industrial programs. Bibliography

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