Many of us have a vague sense of what industrial policy means, and we might even have an opinion about the specific forms it can take. But that fuzziness around even the definition of industrial policy has made studying it — and learning what makes industrial policy succeed and fail — difficult.

Dr. Réka Juhász is trying to change that. Through her innovative academic work (and that of her collaborators at The Industrial Policy Group), she is advancing our understanding of how governments are using industrial policy, and what specific policies they are adopting.

On this episode, Réka walks us through how she took a new approach to researching this topic, what actually constitutes industrial policy, and why she believes more governments have turned to these policies in recent years.