AI in Developing Countries: Strategies for Success
- The resurgence of industrial policy, once dismissed as ineffective, particularly in developing nations, has been notably driven by advanced economies since the 2008 global financial crisis.
The resurgence of industrial policy, once dismissed as ineffective, particularly in developing nations, has been notably driven by advanced economies since the 2008 global financial crisis. This shift is accelerating wiht investments in Artificial Intelligence (AI) and renewable energy technologies. International Monetary Fund analysis confirms the increasing adoption of industrial policies globally, moving away from the neoliberal consensus of the late 20th century. The United States, such as, has implemented the CHIPS and Science Act, and the Inflation Reduction Act, both representing significant industrial policy interventions. Similarly, the European Union has unveiled the industrial Strategy for Europe, focusing on digital and green transitions. As of January 28, 2026, these policies remain active and are undergoing ongoing evaluation and adjustments based on their initial impacts.