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钟建英's avatar

Would you say the “financial deregulation” and privatisation policies of the 1980s is really industrial policy in disguised which ended up concentrating wealth in a corrupt elite of politicians and bankers? Just asking.

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Danny Quah's avatar

Interesting example. Such policies resulted in a twist of the landscape of economic activity, advantaging parts and disadvantaging others, and so in the current understanding of industrial policy, yes, those are indeed instances of industrial policy.

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