The New Industrial Politics
Recent scholarship has done much to reopen the case in favor of selective government intervention to promote specific industries in particular places. But the success or failure of industrial policies has never been a purely economic issue.
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MARRAKESH – Industrial policy is back. It is back with a vengeance in the United States, where for decades the dominant ideology and policy minimized government efforts to influence the structure of the economy. Now, in contrast, we have the Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and the Inflation Reduction Act, all with significant industrial-policy components.