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The Resurgence of Industrial Policy and What it Means for Canada

IRPP Insight No. 2, June 2013, Montreal: Institute for Research on Public Policy

25 Pages Posted: 20 Jun 2013  

Dan Ciuriak

Ciuriak Consulting Inc.; C.D. Howe Institute; Centre for International Governance Innovation (CIGI); BKP Development Research & Consulting GmbH

John M. Curtis

Centre for International Governance Innovation (CIGI)

Date Written: June 18, 2013

Abstract

For several decades now, the idea that governments should direct industrial policy interventions to specific sectors of the economy has been viewed with more than healthy skepticism. However, the consensus against industrial policy stands in stark contrast to pervasive government practices. While the rationales and approaches have varied across countries and over time, the reality is that governments have long targeted industry- and region-specific measures to promote their economies. The truth is that everyone uses industrial policy – some more successfully and some more openly than others. The goal of this article is to examine these global trends in industrial policy and what they mean for Canada. We find that Canada has a long history of industrial policy interventions, and we conclude that having policy that is truly neutral across sectors is inconsistent with the highly heterogeneous nature and policy requirements of different sectors.

Keywords: Industrial policy, Canada

JEL Classification: L52, O25

Suggested Citation

Ciuriak, Dan and Curtis, John M., The Resurgence of Industrial Policy and What it Means for Canada (June 18, 2013). IRPP Insight No. 2, June 2013, Montreal: Institute for Research on Public Policy. Available at SSRN: https://ssrn.com/abstract=2281316

Dan Ciuriak (Contact Author)

Ciuriak Consulting Inc. ( email )

83 Stewart St.
Ottawa, Ontario K1N 6H9
Canada

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
Canada

Centre for International Governance Innovation (CIGI) ( email )

57 Erb Street West
Waterloo, Ontario N2L 6C2
Canada

BKP Development Research & Consulting GmbH ( email )

Romanstrasse 74
München, 80639
Germany

John M. Curtis

Centre for International Governance Innovation (CIGI) ( email )

57 Erb St. West
Waterloo, Ontario N2L 6C2
Canada

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