Similarly, Africa should see the United States as a role model and shift its policy attention toward industrial development, starting with adding value to agricultural and mineral resources through aggressive industrial policy.

FORBES: Africa And Obama: What The Continent Should Do In His Second Term

Mr da Silva's team favour an industrial policy, with tax breaks, cheaper credit and government investment in research and development and in infrastructure.

ECONOMIST: Brazil

In Brazil, where it is often said that an activist industrial policy helps to explain why the economy has been thriving, a surging state-owned development bank, BNDES, is probably crowding out other sources of finance (see article).

ECONOMIST: The state and business