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How protectionism can help developing countries unlock their economic potential

  • Written by Jostein Hauge, Assistant Professor in Development Studies, University of Cambridge

State intervention has made a comeback. States have, in one way or another, always intervened in markets to develop specific industries and push innovation. But there has been a renaissance since the 2010s, in particular with respect to industrial and trade policy.

There are many reasons for this. The fallout from the global financial crisis in...

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