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Does It Make Sense to Have an Industrial Policy? Ask Howard Pack

April 11th, 2012

Episode 32 of 652 episodes

Whenever an industry runs into trouble -- and especially when it starts hemorrhaging jobs -- demands for support and subsidies are heard. But does having an industrial policy really make sense? According to Howard Pack, a professor of business and public policy at Wharton, an interventionist government policy generally plays a limited role in bringing about an improvement. In fact, he adds,government interventions can sometimeslead to harmful results. (Podcast with transcript)