Industrial policy is adapting to crises as governments intervene more, yet remains hard to use effectively. Evidence shows the benefits are modest and depend on design. Broader economic reforms deliver stronger and more durable results, as our blog details. https://www.imf.org/en/blogs/articles/2026/05/28/industrial-policy-is-adapting-to-crises-but-remains-hard-to-implement-effectively(IMF)