--- canonical_url: "https://csls.ca/ipm-archive/ipm-issue-47/could-domestic-industrial-policies-even-with-global-fragmentation-revive-productivity/" title: "Could Domestic Industrial Policies, Even With Global Fragmentation, Revive Productivity?" author: name: "CSLS" url: "https://csls.ca/author/cslc/" date_published: "2026-07-13T08:15:23+00:00" date_modified: "2026-07-17T09:57:33+00:00" post_type: "ipm" summary: "" ipm_issue_period: - "Fall 2024" ipm_keyword: - "Bank of England" - "distribution" - "geoeconomics" - "global fragmentation" - "industrial policy" - "inequality" - "Mann" - "OECD" - "productivity" - "UK" ipm_research_theme: - "Policy and institutions" ipm_country_focus: - "International" - "OECD" - "United Kingdom" - "United States" featured_image: "https://csls.ca/wp-content/uploads/2026/06/IPM_50_banner.webp" status: "publish" --- # Could Domestic Industrial Policies, Even With Global Fragmentation, Revive Productivity? Canonical URL: https://csls.ca/ipm-archive/ipm-issue-47/could-domestic-industrial-policies-even-with-global-fragmentation-revive-productivity/ # Could Domestic Industrial Policies, Even With Global Fragmentation, Revive Productivity? [Download full PDF article](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-47-1-Mann.pdf) Cite this article × Cite this article as: Mann, Catherine. 2024. “Could Domestic Industrial Policies, Even With Global Fragmentation, Revive Productivity?” International Productivity Monitor, No. 47 (Fall 2024): 3–19. https://csls.ca/ipm-archive/ipm-issue-47/could-domestic-industrial-policies-even-with-global-fragmentation-revive-productivity/ ## Author: - Catherine Mann Brandeis University; Alliance Manchester Business School; Bank of England ## IPM Issue 47 Fall 2024 pp. 3–19 ## Related IPM articles [Is the SNA Still Useful? 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An Investigation into Recent Productivity Data Revisions Fokke Reitze Gouma, Philip McCann, Raquel Ortega-Argilés Spring 2025 | IPM Issue 48 | pp. 63–84](https://csls.ca/ipm-archive/ipm-issue-48/are-uk-regional-productivity-disparities-really-narrowing-an-investigation-into-recent-productivity-data-revisions/) [Appendix: UK Productivity Growth Rates Across Data Vintages and Studies Josh Martin Spring 2025 | IPM Issue 48 | pp. 65–73](https://csls.ca/ipm-archive/ipm-issue-48/appendix-uk-productivity-growth-rates-across-data-vintages-and-studies/) ## Abstract ## Résumé EN FR Copy link Email LinkedIn Many policymakers are using industrial policies more actively, while also pursuing policies tending to fragment global markets. Can this combination revive productivity growth? This essay starts with noting that an average productivity measure used to assess macroeconomic performance often masks important distributions of productivity outcomes, which matter economically, socially, and politically. It then reviews the frameworks that rationalize industrial policies and which derive the outcomes of global engagement. It then considers current empirical assessments of the effectiveness of industrial policies and current modeling work on the consequences of global fragmentation. It presents an overview of two new databases on detailed industrial policies as being deployed by policymakers. With regard to the question posed in the title, the answer is most surely ‘no’. First because the deployed industrial policies rarely match the framework rationalizations. Second because the majority of those policies further fragment global markets. Therefore, globalization gains are being foregone while industrial policies are being mistargeted. That combination is not likely to revive productivity growth nor improve productivity distributions. De nombreux décideurs utilisent plus activement les politiques industrielles, tout en poursuivant des politiques tendant à fragmenter les marchés mondiaux. Cette combinaison peut-elle relancer la croissance de la productivité? Cet article part du constat qu’une mesure moyenne de la productivité utilisée pour évaluer les performances macroéconomiques masque souvent d’importantes distributions des résultats de productivité, qui importent sur les plans économique, social et politique. Il examine ensuite les cadres qui rationalisent les politiques industrielles et les résultats de l’engagement mondial, ainsi que les évaluations empiriques actuelles de l’efficacité des politiques industrielles et les travaux de modélisation sur les conséquences de la fragmentation mondiale. [Download full PDF](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-47-1-Mann.pdf)