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Wolf, C .(1988). Markets or Governments: Choosing between Imperfect Alternatives. MIT Press. Cambridge, MA.Economic policy is a constant resistance between economic and theoretical perspectives and political expediency. Industrial policy arise more on the basis of a normative approach as it aims to improve the economic situation of the country. The new industrial policy means the formation of firms by the state, their aggregation, support of innovations and competitive advantages in frame of open economy. The goal of the research is to study the theoretical and methodological approaches of new industrial policies in order to form a theoretical framework for assessing practical industrial policy. In the concepts of new industrial policy, we consider the endogenous theory of growth, based on the level of knowledge and research activity in the country; National Competitive Advantage Theory; National Innovation Systems Concept, which is based on the impact of the national economic-political situation, trade policy, education sector and institutions on innovation. Furthermore, we will analyze the results of advanced research on new industrial policy issues.genew industrial policy, theoretical approachesArticle