Yuen Yuen Ang explain how governments can pursue national development goals without “picking winners.”
en English
Economics
May 25, 2026
Yuen Yuen Ang
With industrial policy back in fashion worldwide, the question is not whether governments should intervene (they already do), but how they should proceed when they do not know in advance what will work. The answer lies in directed improvisation: creating the conditions for experimentation where it counts.
Creating a business-friendly policy ecosystem is key to Korea’s manufacturing future (KOR)
Creating a business-friendly policy ecosystem is key to Korea’s manufacturing future
XHANTI PAYI AND SIMUKAYI MUKUNA | AI’s role in drafting multistakeholder documents
As governments devise responses to China's techno-economic statecraft, neither a complete replication of Chinese industrial…
The Johns Hopkins professor of political economy says Beijing’s ‘directed improvisation’ remains essential at a time when…
The Johns Hopkins professor of political economy says Beijing’s ‘directed improvisation’ remains essential at a time when…
Economic consensus is changing, but it has a long way to go.
Industrial policy can guide and catalyse but it cannot substitute for a genuine competitive advantage.
Policymakers must seek to understand China’s industrial policy in its full complexity and exercise clarity in applying lessons…
