"Industrial policy works if it changes the structure of the economy in a beneficial direction [Moi ici: ?]. Unfortunately, there are well-known reasons why the attempt could fail. Lack of information is one. Capture by a range of special interests is another. Thus, governments may fail to pick winners, while losers may succeed in picking governments. The more money is on the table, the more the latter is likely to be true."
Já é a segunda ou terceira vez no último mês que Martin Wolf me surpreende.
Trecho retirado de "How not to do industrial policy"
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