By Cyber Era NG Special Correspondent

The launch of the Transition Report 2024-25 by the European Bank for Research and Development (EBRD) in the Auditorium at Five Bank Street, London E14 4BG, holds Tuesday  November 26, 2024 at 1600.

The discussion to be moderated by EBRD Managing Director of Communications, Richard Porter features:

• Nobel laureate in economics and Professor at Columbia University, Joseph Stiglitz
• Rana Foroohar, global business columnist and associate editor at the Financial Times, Rana Foroohar
• Director of Bruegel, the European Union’s economic think tank, Jeromin Zettelmeyer
• EBRD Chief Economist, Beata Javorcik         

The launch will be followed by a drinks reception at 1730.

This report takes an extensive look at industrial policies in the EBRD regions and beyond. Such policies, which are aimed at changing the sectoral composition of production in an economy, have seen a resurgence in recent years, seeking to address increasingly pressing market failures such as environmental degradation.

Their track record is mixed, with their growing popularity being shaped primarily by domestic political economy considerations and rising geopolitical tensions. While industrial policies are typically employed by higher-income economies, they are also being seen more frequently in economies with less administrative and fiscal capacity to implement them.