The Cefa Brief
CommentairesÉclairagesPerspectivesDécryptages
Thème
Incentives & Tax Credits
2 articles
Articles
- CommentaireIndustrial Policy
A state incentive buys a location decision, not national capacity
Plant construction spending rose from an annual rate of 75 billion dollars in 2020 to 244 billion in 2024; manufacturing output ended 2025 4.3 index points above 2020, and employment three hundred thousand below its 2023 peak. Plant takes years to run, so those readings are not yet a verdict.
- DécryptageIndustrial Policy
What a production subsidy actually buys
Governments underwrite factories in two different ways: by paying toward the building, or by paying for each unit the finished plant makes. By the end you will know which instrument a programme is using, and what each one can and cannot change.