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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?
TEHERAN: The trial of thirteen Iranian Jews on espionage charges is but the latest sign of a conservative backlash against Iran's reform movement, headed by President Mohammed Khatami. Conservatives want not only to silence the reformers, but to provoke confrontation.
Closure of pro-reform newspapers, and the arrests of reform-minded journalists seem deliberate attempts to goad the reformers, who won a majority of seats in last February's first round of parliamentary elections. For if the reformers are incited into demonstrating and street chaos ensues, the security forces will have a handy excuse for a crackdown. In the state of emergency likely to follow, installation of a new parliament might be delayed.
Recognizing this, reform leaders urge restraint on their supporters. They are confident about eventual triumph, because the majority of youth and women support reform. Two thirds of Iran's 65 million people are under 25 years old. But young people in Iran, as everywhere, are not known for patience. Here lies the threat of unrest.
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