The paper focuses on industrial policies in low-income countries. It examines case studies of specific policy interventions that promoted economic sectors, such as pharmaceuticals in Bangladesh and cut flowers in Ethiopia. The paper notes that while low-income countries have flexibility in policies, domestic challenges have led policies to be uneven. It also discusses how the changing nature of global trade and value chains requires low-income countries to shift industrial policy approaches to focus on firm competitiveness and integration into global supply chains.