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Explore the complex dynamics of modern industrial policy in this 47-minute conference talk from the World Economic Forum that examines how governments worldwide are reshaping the global economy through strategic incentives and protectionist measures. Analyze the fundamental tension between nations pursuing self-sufficiency while remaining dependent on international markets, and understand how vast government incentives to attract factories and talent, combined with the strategic use of tariffs as tools of leverage and defense, are redrawing the landscape of global industrial power. Gain insights into the economic implications and potential consequences of this worldwide race for industrial dominance, and consider the challenges that arise when every nation simultaneously seeks independence while relying on global demand for economic growth.
