New Industrial Policy Empowers High-Growth Firms to Transform Economies
The article explores a new type of industrial policy that focuses on supporting high growth firms. It looks at how this policy differs from traditional small business and innovation policies. The researchers analyzed international literature from 2005 to the present to understand the impact of supporting high growth firms on economic regulation. They found that this policy is selective, targeting specific economic actors rather than the entire economy. This new approach could lead to significant changes in how governments support businesses to promote economic growth.