📈 Chartpack: Industrial policy [Part 1]

So long, free trade. It's interventionism time.

We normally reserve our Chartpacks for the paying members of Exponential View, but we want to foster a wider debate on this topic given its importance for a wide range of issues, including the future of our democracies. We have opened Part 1 of our Chartpack on Industrial Policy to all, so please feel free to share widely and discuss in the comments.

Industrial policy is making a comeback. Once a key force in growing economies after World War II, it’s gaining popularity again. A mix of reasons drives this revival, including strengthening industrial competitiveness, securing vulnerable supply chains, technological competition with China, and fighting climate change.

Over the next two weeks, we’ll explore, first, the reasons behind the shift towards industrial policy (Part 1), and second, evaluating their effectiveness in addressing current challenges (Part 2, coming out next week). While our analysis centres on the US, the conclusions and implications are globally relevant.

In this firs…