Scale-Up Nation: The Role of IP-Transfer Restrictions in Israel’s Industrial Policy
Industrial policy is, once again, back on the political agenda. Not long ago considered “a policy that should not be named,” or a “phrase that one did not utter in polite company,” industrial policy is currently being heralded as the preferred economic policy of both advanced and developing nations. Indeed, since the great financial crisis of 2008, there is a growing worldwide consensus that society’s most formidable challenges—from adverse climate change to widening economic inequality—cannot be addressed by market forces alone. This trend has only accelerated since the outbreak of the Covid-19 pandemic. In the United States, the Senate recently approved a $250 billion industrial policy bill, the “U.S. Innovation and Competition Act…
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