Industrial Policy

Industrial Policy May Have Finally Arrived: But For What? Share This

Rob Atkinson | Nov 16, 2020 | Industrial Policy

Ever since the concept of a national industrial policy was proposed in the 1970s, it has received scorn from most neo-classical economists, with those advocating it treated as the economic equivalent of chiropractors. But recently the idea is getting a new life, largely because of the growing awareness of the economic, technology and national security […]

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I Finally Agree With Krugman Share This

Rob Atkinson | Sep 26, 2020 | Industrial Policy

I never thought I would find myself in wholehearted agreement with Paul Krugman. That is, until I ran across the following passage from his 1996 book Pop Internationalism: “If top government officials are strongly committed to a particular economic doctrine, their commitment inevitably sets the tone for policy making on all issues, even those which […]

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Industrial Security Policy: New Missions for DoD, SBA and CFIUS Share This

Michael Lind | Aug 10, 2020 | Industrial Policy

Thanks to the near-criminal negligence of neoliberal globalist policymakers in both the Democratic and Republican parties, America’s national industrial base, the foundation of its global power, has eroded to the point of collapse. The microchip was invented in the U.S., but America is dependent for its microchip supply on Taiwan and other countries and has […]

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On Buy American: Trump Should Listen To Steve Bannon, Not Steve Moore Share This

Saagar Enjeti | Jul 09, 2020 | Industrial Policy

A 2020 presidential contender unveiled a 700 billion dollar ‘Buy American’ plan today to rebuild America’s manufacturing sector devastated by the coronavirus. It’s a great idea that free market fundamentalists despise and real economic conservatives have been pushing for. The only problem is that the candidate who unveiled the plan was presumptive Democratic nominee Joe […]

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Should There be Legal and Ethical Limits to National Developmentalism? Share This

Rob Atkinson | Jun 28, 2020 | Industrial Policy

ITIF recently released a report about how “innovation mercantilist” policies were instrumental in enabling China to dominate the global telecom equipment industry, and how that rise came at the expense of global innovation in this industry. A typical response to the report was along the lines of “So what. The United States had industrial policies […]

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Contain China if Necessary, but Emulate Features of its Industrial Policy to Ensure Long Term Economic Prosperity Share This

Marshall Auerback | Jun 24, 2020 | Industrial Policy

Robert Atkinson of the Information Technology and Innovation Foundation has just written a very compelling analysis of China’s national industrial policy, especially in relation to the exponential growth of its telecommunications industry. Some of the key findings of the paper, “How China’s Mercantilist Policies Have Undermined Global Innovation in the Telecom Equipment Industry” are as […]

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Marco Rubio Takes on Deindustrialization and Race Share This

Samuel Hammond | May 27, 2020 | Economics

Re: Deindustrialization, racial discrimination, and the case for common good capitalism

The decline in American manufacturing hurt workers of every racial background.

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Japan Offers a Compelling ‘Back to the Future’ Model Share This

Marshall Auerback | May 14, 2020 | Industrial Policy

Japan has announced newly defined restrictions on foreign investment, which at face value, seem to violate the provisions of the World Trade Organization agreement.  Of course, Tokyo has crafted these restrictions on the vague grounds of “national security”, which is likely to take on a substantially different meaning in light of the coronavirus pandemic. Hence, […]

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Government, Not Markets Can Best Pick Winners Share This

Rob Atkinson | May 05, 2020 | Industrial Policy

Finding a Manufacturer (Image Courtesy Wikimedia https://goo.gl/images/ozWa0Q) China’s economic rise and the damage inflicted on U.S. industry has been a wakeup call to many U.S. policymakers. But most conventional economists continue to hold firm to their ideological notion that only the market can respond, and that any more proactive government action, particularly focused on key […]

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