The World Bank and Industrial Policy: Hands off or hands on?

Published on 7 December 2012

The World Bank is known as a leading critic of industrial policy because it favours a limited role for the state in development policy, preferring well-functioning markets.

Former deputy secretary general of UNCTAD Carlos Fortin, now at the Institute of Development Studies, examines the Bank’s record on industrial policy over the last 20 years and shows that the Bank’s position on the role of the state is more nuanced.


Image of Carlos Fortin
Carlos Fortin

Research Associate

Publication details

Fortin, C.