Knowledge@wharton

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 sometimes lead to harmful results. (Podcast with transcript) See acast.com/privacy for privacy and opt-out information.