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Proponents of industrial policy argue that it can drive economic growth by strategically supporting key industries, fostering innovation, and enhancing competitiveness in the global market. It can also help address market failures by directing resources toward sectors that may be underfunded or overlooked, such as renewable energy or advanced manufacturing. Additionally, industrial policy can create jobs and promote regional development by encouraging investment in specific areas. Lastly, it can enhance national security by ensuring the country maintains critical industries and technologies.

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2d ago

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