From semiconductors to electric vehicles, governments are identifying the strategic industries of the future and intervening to support them – abandoning decades of neoliberal orthodoxy in the process. Are industrial policies the key to tackling twenty-first-century economic challenges or a recipe for market distortions and lower efficiency?
LONDON – Yemen has suddenly joined Afghanistan and Pakistan as a risk to global security. Indeed, it is increasingly seen as a nascent failed state and potential replacement host for Al Qaeda.
The attempted bombing of a Detroit-bound airliner on Christmas Day by a young Nigerian man trained by Al Qaeda in Yemen appeared to open the West’s eyes to the country’s problems. Following that failed attack, US President Barack Obama and British Prime Minister Gordon Brown jointly pushed a conference in London to propose solutions for the previously overlooked crises in Yemen.
But if the conference focuses too narrowly on Al Qaeda’s presence in Yemen, it will do more harm than good. Instead, the conference must aim to address broader issues of political and social stability within Yemen.
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