Tag: Stimulus Package

Rethinking the Path to Revive Shuttered Industries

Liquidity is a necessary condition for industrial revival, but it is not sufficient.

Policy as Experiment

The most successful developmental states were not necessarily those that possessed perfect knowledge from the outset. Rather, they were states capable of learning rapidly, adjusting policies pragmatically, and building institutional memory over time.

Assessing the Real Impact of the New Stimulus Package

Injecting fresh credit into such entities risks creating 'zombie firms' -- businesses that survive on subsidized finance but fail to generate sustainable returns.