Is Industrial Policy Targeting High Import Dependency to Enhance Economic Security? Evidence from BRICS+ & G7

This piece analyses the alignment of subsidies with high import dependency goods. It finds that while G7 nations are beginning to allocate more subsidies to sectors reliant on foreign imports, the BRICS+ countries tend to provide more financial support when import dependency originates from a competing bloc. This suggests a Western industrial policy focus on national capacity building rather than supply diversification.