New industrial policy
Public-private collaboration projects encourage the creation of higher-skilled jobs
A government's economic policy can quickly impact certain aspects of the economy. For instance, fiscal policy can influence demand within a few quarters, tax policy can change incentives overnight, and labor policy can rapidly alter hiring conditions and the minimum wage. These policies can have a notable effect in a short period.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
