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The Economist: A new world order seeks to prioritise security and climate change

Chiara Criscuolo of the OECD and others have analysed the EU’s previous efforts. They find that the bloc’s schemes do support employment, but only at small firms. Large firms tend to take the payment without adding jobs. Article refers to CEP Discussion Paper, "Some Causal Effects of an Industrial Policy" by Chiara Criscuolo, Ralf Martin, Henry G. Overman and John Van Reenen.

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