EBRD has identified a huge leap in the use of industrial policies in Nigeria, Kenya, and Ghana, counting almost 150 in the three sub-Saharan countries applying to be full shareholders. It fears lower-income nations tend to opt for "cheap and easy" curbs on imports and exports, which can waste scarce public resources, pile up costs for local producers, and cut economic growth. Devex’s Rob Merrick takes a look at the issue. #finance #globaldev
