QUESTION $28$

Which statement about industrial policy is FALSE.

During the latter half of the twentieth century, the World Bank and IMF encouraged countries to carry out industrial policy so they could catch up with the United States.

Rodrik et al$.$ argue that a careful analysis of the efficacy of industrial policy finds that there are many types of industrial policies and that many in history have led to beneficial long$-$term effects for the targetted economies.

The spending bills passed under Biden include policies that are a form of industrial policy.