The tax rise on cars was announced last September, as part of a new industrial policy.

ECONOMIST: Brazil��s trade policy

Britain needs a new industrial policy that avoids rather than repeats the faults of the old.

ECONOMIST: Subsidies in the air

And young economists in the World Bank and other multilateral institutions have begun to discuss embracing a new industrial policy.

ECONOMIST: The visible hand

Defenders of industrial policy also have a new answer to the long-standing critique that it hampers competition.

ECONOMIST: Economics focus

It would be best to broaden the new round to areas such as industrial tariffs, investment and competition policy, to allow more scope for the trade-offs on which a final deal depends.

ECONOMIST: Storm over globalisation

What is already happening as a result of this policy competition is that the South from Texas to Florida is rising as the new industrial base, and economic powerhouse, of the nation.

FORBES: Bobby Jindal Seeks Rich State Status With Income Tax Phaseout

This suggests that, rather than pushing companies to explore some new area which the government in its wisdom or folly has decided is the sector of the future, industrial policy should encourage competition instead, thus reducing firms' tendency to seek out less contested arenas.

ECONOMIST: Economics focus

The U.S. Supreme Court has shied away from overturning economic regulations since the New Deal era, when President Roosevelt threatened to pack the court with like-minded justices to overcome opposition to industrial policy.

FORBES: Will The Supremes OK The Health-Plan Tax?