Democracies Must Get Serious About Industrial Policy
Ngaire Woods on why liberal democracies must re-engage with strategic industrial policy, drawing on recent economic research. Citing Lane's work on East Asia.
Media
Interviews, podcasts, and press coverage of research.
2026
Industrial Policy in Complementary Markets: Lessons from India's 4G Rollout
Chirantan Chatterjee, Ying Fan, and Debi Prasad Mohapatra on how protecting domestic phone makers slowed India's 4G network expansion. Cites Juhász, Lane, and Rodrik (2023), "The New Economics of Industrial Policy," VoxEU, also ARE (2024).
Updated Thoughts on Industrial Policy
Noah Smith on how the economics of industrial policy has evolved. Links Lane's "Manufacturing Revolutions" on South Korea and the Industrial Policy Research Group, and recommends Juhász, Lane, and Rodrik (2024), "The New Economics of Industrial Policy."
China's Trade Dominance and the Role of Industrial Policies
François de Soyres, Ece Fisgin, Mike Liu, and Eva Van Leemput on how China's industrial policies underpin its record trade surplus and export dominance. Cites Lane (2025), "Manufacturing Revolutions" (QJE), and Goldberg, Juhász, Lane, Lo Forte, and Thurk (2024) on semiconductor industrial policy.
2025
The Visible Hand Podcast Episode 96: Nathan Lane on South Korea’s Industrial Policy
Jordi Blanes i Vidal - Episode 96: Nathan Lane discusses ’Manufacturing Revolutions: Industrial Policy and Industrialization in South Korea’.
Chosun Economics Magazine Interview on South Korea's Chemical Industry Restructuring
Kim Woo-young - COVER STORY [Interview on South Korea's chemical industry bailout] "Nathan Lane, Professor of Economics at Oxford University: Petrochemicals are the 'industry of industries'… Remaining important even in the AI era."
The Relationship Between Competition Policy and Industrial Policy in an Era of Structural Change
By Diane Coyle - Analysis of the evolving relationship between competition policy and industrial policy during periods of structural economic change
The market implications of industrial subsidies
Econometric study finding that industrial subsidies increase firms' market shares but have no or negative impacts on investment rates and productivity growth
The New Age of Industrial Policy
Podcast discussion featuring Nathan Lane's research alongside papers from the IMF and RAND Corporation on industrial policy (segment starts at 12:21)
Rich country playbook: Why developed nations win, while Kazakhstan gets left behind
Analysis referencing research by Réka Juhász, Nathan Lane, Emily Oehlsen and Veronica Perez on measuring industrial policy through text-based data analysis
Of Tariffs and Industrial Policy
Analysis of how tariffs aren't the only policy tool Donald Trump wants to use to shape the US economy, including his attraction to industrial policy through subsidies, regulation, and government interventions
Industrial policies: new evidence for the UK
UK Government research and analysis publication citing Nathan Lane's work on industrial policy evidence and effectiveness
A New Hope for Europe's Ailing Economies: the Military
Economists say the region's planned defense buildup might be exactly what its economy needs, despite some sizable hurdles
NextGenerationEU works
Joachim Klement recommends recent overview by Réka Juhász and Nathan Lane on what makes industrial policy powerful and how to design good industrial policy
India's Industrial Policies: Rejecting the Old Status Quo and Creating the New
Analysis of India's industrial policies including PLIs, tariffs, and domestic content requirements, citing 'The New Economics of Industrial Policy' by Juhász, Lane, and Rodrik
The promise and pitfalls of production subsidies as industrial policy
World Bank blog post by Gaurav Nayyar discussing how tax holidays in Korea during the 1970s, combined with duty-free access to intermediate inputs, resulted in export gains and downstream industry expansion (Lane 2022)
2024
Assessing India's Production-linked Incentives: A Case for Realignment of Objectives
Analysis of India's PLI scheme design flaws and recommendations for realignment to better support domestic manufacturing
New measures reveal a growing industrial policy divide
Industrial policy insights highlighting challenges for developing countries
Global Perspective on Semiconductor Industrial Policy
Summary of research on global semiconductor policies
US industrial policy with Professor Nathan Lane
Nathan Lane discusses US industrial policy on The Ballpark Podcast from LSE's US Centre
Taking stock of recent evidence on industrial policy
Panel discussion at HKS with Nathan Lane, Myrto Kalouptsidi, and Rohit Lamba, moderated by Dani Rodrik, on the evolution and effectiveness of industrial policy
A New Economics of Industrial Policy
Feature article on modern industrial policy research
United Nations Industrial Development Report 2024
Global Industrial Policy: Measurement and Results - increased interest reflected in real data
Interview with Nathan Lane by Srijana Mitra Das (India: Economic Times)
Interview with Nathan Lane by Srijana Mitra Das discussing the modern return of industrial policy in the context of globalization, climate change, and artificial intelligence
How to tell good industrial policy from bad
Coverage of research showing industrial policy must focus on services, not just manufacturing
Not a 'side dish': New industrial policy and competition
Cristina Caffarra and Nathan Lane discuss how new industrial policy and competition interact, arguing industrial policy is not merely a side consideration
Mer inhemsk produktion gör världen fattigare
Swedish article on how industrial policy and protectionism can threaten world trade without making Western economies safer
Dani Rodrik: doing industrial policy right
Feature on new research by Juhász, Lane, and Rodrik
2023
The False Promise of Green Jobs
Commentary on new economics of industrial policy and green transition
Bottom-Up Bidenomics
Analysis of Bidenomics approach to industrial policy and economic development
A few economists are starting to take industrial policy seriously
Noah Smith discusses the Industrial Policy Group led by Réka Juhász and Nathan Lane, who've compiled reviews of past research and are making the case that industrial policy is a worthy topic of study
Governments across the world are discovering 'homeland economics'
Special report by Callum Williams arguing that introducing industrial policy is a big mistake
Does Japan's Economy Prove That Neoliberalism Lost?
Features Nathan Lane discussing the empirical turn in economics and exploring industrial policy despite ideological resistance
The Biden Administration Can Learn From The States—Industrial Policy Doesn't Work
Adam Millsap's critique of industrial policy effectiveness based on state-level experiences
South Korea's controversial industrial policy
Nathan Lane discusses South Korea's industrial policy with Chad Bown on Trade Talks podcast episode 189
This Part of Bidenomics Needs More Economics
Greg Ip discusses how Réka Juhász and Nathan Lane founded the Industrial Policy Group to conduct empirical research and compiled a database of industrial policy actions from 2009-2020
Economics Must Catch Up On Industrial Policy
Op-ed by Réka Juhász and Nathan Lane on industrial policy research
The Who, What, When, and How of Industrial Policy
Nathan Lane discusses industrial policy on CEPR's Conversations on Transformation series, narrated by Tim Phillips
A Flight Plan That Fails
Nathan Lane's op-ed on industrial policy vision