Recent analysis by economists Adam Jakubik, Florence Jaumotte, Samuel Pienknagura, and Michele Ruta highlights the increasing popularity of industrial policy as a governmental strategy to bolster specific sectors, particularly in light of recent crises. The maquila sector, which employs many workers in San Salvador, plays a significant role in driving export growth and fostering industrial development. Despite its growing importance, the effective implementation of industrial policy remains a challenge, as governments navigate the complexities of supporting targeted industries while addressing broader economic needs.
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