It is now widely accepted that the countries that managed to catch up with the old industrialised, high-income countries are the ones whose governments proactively promoted structural change. But industrial policies also frequently fail. The risk of failure is particularly high in latecomer...

To avoid irreversible damage to global ecosystems, new “green” technologies are needed. Some of those are still far from commercial maturity. In such cases, governments may create temporary rents to make investments “artificially” attractive. The creation of such rents, however, involves...

This Discussion Paper presents a normative concept of green industrial policy, which is defined as encompassing any policy measure aimed at aligning the structure of a country’s economy with the needs of sustainable development within established planetary boundaries. The paper elaborates on...

Mitigating climate change by reducing carbon emissions is one of the biggest and most complex issues the world has ever faced. Technological innovation plays a major role in taking on this challenge. Old and new industrial powers alike are increasingly reforming their policy frameworks to...

The diffusion of supermarkets in developing countries has profound implications – not only for existing retail stores and informal vendors but also for millions of producers and intermediary traders in the respective supply chains, and for consumers in these countries. Overall, societies are...

Structural change towards diversification and competitiveness is important to make our economies productive, wealthy and sustainable. In market economies, structural change is essentially driven by private entrepreneurs who challenge incumbents with new business ideas and take risks to implement...