Global protective industrial policies, supported by states, are rising and may fragment the economy, EBRD warns.
The European Bank for Reconstruction and Development (EBRD) reports a global increase in protective industrial policies since 2019, involving state support for local industries. These policies, aimed at boosting domestic interests, have raised concerns about their impact on international cooperation and poorer countries with limited administrative resources. While effective, the EBRD warns they may lead to economic fragmentation.
4 months ago
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