The Global Economic Tapestry-An Analysis of Production Linked Incentive Schemes and Industrial Policies Across Continents

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Darshan Kastiya

The Global Economic Tapestry-An Analysis of Production Linked Incentive Schemes and Industrial Policies Across Continents

Authors: Darshan Kastiya

Unique Paper ID: 183135
Volume: 12
Issue: 3
PageNo: 263-291

Keywords: No Keywords Found

Abstract:
The global economic landscape is undergoing a significant transformation, marked by a pronounced resurgence of industrial policies as governments increasingly intervene to shape national economies. This paper provides an in-depth economic analysis of Production Linked Incentive (PLI) schemes and similar industrial policies across India, China, Southeast Asia, Europe, and the Americas. Drawing upon economic concepts from IB Economics HL curriculum, the study examines the multifaceted impacts of these policies on investment, production, employment, and exports. Furthermore, it critically evaluates the theoretical and empirical consequences of withdrawing such incentives on sectoral growth and international trade. The analysis reveals that while industrial policies are potent tools for economic transformation and strategic positioning, their success is contingent on careful design, dynamic adaptation, and a realistic assessment of both domestic market failures and international competitive dynamics. The withdrawal of such policies, if not managed strategically, risks undoing gains and exacerbating economic challenges, highlighting the nuanced nature of state intervention in an interconnected global economy.

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ISSN: 2349-6002
Volume: 12
Issue: 3
PageNo: 263-291

The Global Economic Tapestry-An Analysis of Production Linked Incentive Schemes and Industrial Policies Across Continents

Available:https://ijirt.org/article?manuscript=183135

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

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