Overview

In many countries, trade and industrial policy have re-emerged at the center-stage of many ongoing political debates. These developments have, in turn, triggered a growing interest in trade and industrial policy on the academic front. In my talk, I first review the classical theories of optimal trade and industrial policy. Then, I provide a summary of recent conceptual and quantitative developments, which have shed new light on the gains from such policies. Finally, I highlight several related avenues that are ripe for future research.