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Adding the resilience dimensions to industrial policy: Lessons from COVID-19
This paper focuses on how resilience considerations can be better integrated into industrial policy, building on the guidance offered by the Sendai Framework and the broader emergency management literature, and reflecting on lessons learnt from the COVID-19 crisis and other ones. While the resilience dimension is a common guiding principle in a number of policy areas, including the emergency management and civil protection, urban planning, infrastructure and defencem it has not been the case in the area of industrial policy.
Section 4 of this paper identifies policy measures and activities that, as part of an industrial policy toolkit can help address risks across the "four phases" of emergency management: (i) prevention, (ii) preparedness, (iii) response, and (iv) recovery. Wehre possible, example of such measures and activities are drawn from recent international experience. While this study is formulated in the context of a pandemic, the toolkit is designed to inform policy thinking as countries debate the future scope of industrial policies.