Building a Balanced Industrial Policy: Issues of Structuring Goals, Tasks and Tools

Industrial policy, defined as state activity aimed at achieving structural changes in national industry, doesn’t get a unanimous support from economists. The primary reason for criticism lays in insufficient efficiency of interventions. This inefficiency is mainly caused by lobbying and, thus, controversy of state policy. In this paper a possible way of reconciling the goals, objects and tools to create a harmonious and balanced industrial policy is proposed.