industrial policy
[/ɪnˈdʌstriəl ˈpɒləsi/]
nounpl: industrial policies
política industrial
1. A government strategy or set of measures designed to promote, develop, or regulate industrial sectors and manufacturing activities
The country implemented a new industrial policy to encourage technological innovation and manufacturing competitiveness.
O país implementou uma nova política industrial para estimular a inovação tecnológica e a competitividade da manufatura.
2. Government intervention through subsidies, tariffs, regulations, or investments to shape industrial development and economic growth
Industrial policy can include tax incentives for companies investing in green energy manufacturing.
A política industrial pode incluir incentivos fiscais para empresas que investem na manufatura de energia limpa.
3. A strategic approach to identify and support key industries critical to national economic development
Brazil's industrial policy has focused on developing the aerospace and automotive sectors.
A política industrial do Brasil concentrou-se no desenvolvimento dos setores aeroespacial e automotivo.
Industrial policy is a significant topic in Brazilian economic discourse, particularly regarding sectors like aerospace (Embraer), automotive, oil and gas, and recently, biotechnology and digital industries. In the USA, the concept has gained renewed prominence with initiatives like the CHIPS Act and infrastructure investments. In Portugal, industrial policy is often discussed in the context of EU regulations and the transition to green manufacturing.
Related Idioms & Phrases
to level the playing field (através da política industrial)
picking winners and losers (criticismo à política industrial seletiva)
strategic intervention in the market
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