Definitions for industrial policy
in·dus·tri·al pol·i·cy

WikipediaRate this definition:0.0 / 0 votes

1. Industrial policy

   An industrial policy (IP) or industrial strategy of a country is its official strategic effort to encourage the development and growth of all or part of the economy, often focused on all or part of the manufacturing sector. The government takes measures "aimed at improving the competitiveness and capabilities of domestic firms and promoting structural transformation." A country's infrastructure (including transportation, telecommunications and energy industry) is a major enabler of the wider economy and so often has a key role in IP.Industrial policies are interventionist measures typical of mixed economy countries. Many types of industrial policies contain common elements with other types of interventionist practices such as trade policy. Industrial policy is usually seen as separate from broader macroeconomic policies, such as tightening credit and taxing capital gains. Traditional examples of industrial policy include subsidizing export industries and import-substitution-industrialization (ISI), where trade barriers are temporarily imposed on some key sectors, such as manufacturing. By selectively protecting certain industries, these industries are given time to learn (learning by doing) and upgrade. Once competitive enough, these restrictions are lifted to expose the selected industries to the international market. More contemporary industrial policies include measures such as support for linkages between firms and support for upstream technologies.

WikidataRate this definition:3.0 / 4 votes

1. Industrial policy

   The Industrial Policy plan of a country, sometimes shortened IP, is its official strategic effort to encourage the development and growth of the manufacturing sector of the economy. The government takes measures "aimed at improving the competitiveness and capabilities of domestic firms and promoting structural transformation." A country's infrastructure is a major part of the manufacturing sector that usually has a key role in IP. It is also the case that industries fail dismally to add to such a growing body of manufacturing industries. Industrial policies are sector specific, unlike broader macroeconomic policies. They are often considered to be interventionist as opposed to laissez-faire economics. Examples of horizontal, economywide policies are tightening credit or taxing capital gain, while examples of vertical, sector-specific policies comprise protecting textiles from imports or subsidizing export industries. Free market advocates consider industrial policies as interventionist measures typical of mixed economy countries. Many types of industrial policies contain common elements with other types of interventionist practices such as trade policy and fiscal policy.

Editors ContributionRate this definition:5.0 / 1 vote

1. industrial policy

   Industrial Policy is a document that laid down by government for implementing, regulating, promoting, developing and controlling the country's industry.

   
   

   Submitted by anonymous on January 13, 2019  

How to pronounce industrial policy?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say industrial policy in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of industrial policy in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of industrial policy in Pythagorean Numerology is: 9

Examples of industrial policy in a Sentence

1. Simone Tagliapietra:

   Europe has not been able to develop a coherent and solid industrial policy.

2. Mikko Huotari:

   I think the government is concerned about how we can keep this (industrial) leadership, but so far I don't see a very coordinated approach of protecting this leadership because that's not the way we do industrial policy in Germany, despite the strategic considerations that might play a role, it's very clear that the German government will continue to be open to Chinese capital or any kind of capital that is flowing into Germany.

3. Tong Weidong:

   Amendments to this air pollution law have strengthened pollution treatment from the source - from sources such as industrial policy, energy consumption and automobile pollution.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Industrial_Policy
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=industrial policy