Government Capacity as Economic Leverage In debates about economic growth — from boardrooms to development banks — one concept keeps emerging with quiet, yet profound implications: government capacity. At its core, capacity captures a government’s ability to get things done — from collecting taxes and enforcing the rule of law to delivering public goods and […]
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Industrial Policy and Corporate Adaptation In the first quarter of the 21st century, governments across Asia, Europe, and North America have re embraced industrial policy — long viewed in many Western circles as a relic of dirigisme — as an active lever to shape national competitiveness. From semiconductors to electric vehicles (EVs), policymakers now craft
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Government Reform Through Capability Building: From Theory to Tangible Impact In an age defined by rapid technological disruption, shifting geopolitical fault lines, and rising citizen demands, governments around the world are being forced into a stark realization: incremental tinkering is no longer sufficient. What is required is deep reform underpinned by capability building—a process that
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The Return of Industrial Policy — And What It Means for Business For decades, industrial policy was widely viewed in many advanced economies as an anachronism — a relic of post war planning, misguided dirigisme, or ineffective state intervention. Today that view has reversed sharply. Governments from Washington to Brussels, Beijing to Tokyo are actively
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Government as Platform: Reinventing Public Value In the 21st century, governments face a complex paradox: rising public expectations and constrained resources. Citizens demand services that are fast, personalized, transparent, and accessible from anywhere — like the digital experiences they have come to expect from the private sector. Against this backdrop, traditional bureaucratic systems — fragmented,
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Fiscal Policy and Its Ripple Effects on Business Strategy Fiscal policy — the art and science of government taxation, spending, and borrowing — has always played a central role in economic outcomes. But beyond macroeconomic indicators such as GDP and unemployment, fiscal policy increasingly shapes how businesses think, invest, compete, and innovate. In a world
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