From free markets to industrial nationalism: what the West's green industrial policies mean for emerging economies

Easwaran J. Narassimhan and Kelly Sims Gallagher

No wp-2026-67, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Following the proliferation of net-zero targets, and against a backdrop of fossil fuel supply volatility, major Western economies - the US and the EU - have embraced green industrial policies. This paper reviews the history of industrial policymaking and the factors that have led to the re-emergence of industrial nationalism in the two countries. The paper also looks at what these factors of change in the industrialized economies mean in terms of opportunities and challenges for emerging economies to build their green manufacturing base going forward.

Keywords: Industrial policy; Energy sector; green industrial policy; Green structural transformation; emerging economies (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wider.unu.edu/sites/default/files/Publ ... erging-economies.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2026-67

Access Statistics for this paper

More papers in WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER) Contact information at EDIRC.
Bibliographic data for series maintained by Siméon Rapin ().