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The rise of large-scale state intervention is reshaping industries and redefining competitiveness. Governments are actively reinventing industrial policy to achieve national priorities, such as bolstering manufacturing, investing in place-based development, and securing strategic supply chains for national security and economic resilience. As these policies are implemented, a new model of strategic capitalism is taking shape, raising questions about how governments balance national strategy with market discipline, and the tradeoffs between domestic industrial priorities and global competition. This session brings together policymakers, CEOs, and industry leaders to explore how a 21st-century industrial policy can strengthen resilience and innovation while maintaining market dynamism, and to assess the implications for capital flows, international competitiveness, and long-term growth.
