sponsored by the Institute for Policy Studies and the Global Working Group Beyond Development.

July 8, 10 am EST

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Over the last decade, mainstream neoliberalism hit a dead end and right-wing economic models of libertarianism have surged in popularity in places like the United States under Trump, Argentina under Milei, and Italy under Meloni. At the same time, industrial policy has also experienced a resurgence, both in the Global North (in the European Union and the United States under Biden) as well as in Global South countries like Indonesia. 

What are the reasons for this resurgence of industrial policy? How have global institutions adjusted to these changes? Have the rapid shifts in economic policy under Trump undermined the basis for the economic planning necessary under industrial policy?

Jayati Ghosh is a professor of economics at the University of Massachusetts Amherst. She has authored and/or edited 20 books and more than 200 scholarly articles. In March 2022, she was appointed to the UN Secretary General’s High-Level Advisory Board on Effective Multilateralism

Daniel Chavez is the coordinator of the Global Green Industrial Policy Lab, an open, collaborative and non-extractive platform for knowledge production launched by the Transnational Institute (TNI) that connects researchers, progressive government officials, trade unionists, and social and environmental activists across the Global South.

Isabel Estevez is an institutional and development economist. She is Co-Executive Director of the industrial strategy think tank i3T and former deputy director of Industrial Policy and Trade at the Roosevelt Institute’s Climate and Economic Transformation Program. Her most recent publication is Planning to Build Faster: A Solar Case Study.

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