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Emerging Industrial Policy Approaches in the United States

Emerging Industrial Policy Approaches in the United States

Full Title: Emerging Industrial Policy Approaches in the United States
Author(s): William B. Bonvillian
Publisher(s): Information Technology & Innovation Foundation (ITIF)
Publication Date: October 4, 2021
Full Text: Download Resource
Description (excerpt):

Long reluctant to pursue industrial policies outside its defense sector, the U.S. federal government is now pursuing a series of new approaches at a scale not tried before. This effort has been driven politically, largely on a bipartisan basis, by concern over China’s extensive industrial policy system, which has enabled it to surpass the United States as the world’s leading industrial power. China is also starting to out-invest the United States, long the leader, in research and development (R&D) in critical technologies, directly taking on a role that has been central to U.S. innovation and, therefore, economic growth and national security. Growing concern about climate change has also been a driver for these new policies.

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