Orthodox economics notwithstanding, free trade is bad for America, some industries are better than others and government plays an indispensable role in commercializing and developing new technologies. Most successful foreign countries understand this; industrial policy can help keep the best jobs and industries at home while enriching millions of lives. The most recent US administrations have been moving in the right direction but, the authors argue in this comprehensive and far-reaching study, their measures haven't been nearly enough. It's time for a coherent, comprehensive, fully thought-out analysis of the concept of industrial policy and how it should be used. Industrial Policy for the United States presents a timely new economic theory of industrial policy. It supports the theory with an analysis of industrial policy successes and failures in the US and foreign countries, case studies of key American industries and policy recommendations.
Orthodox economics notwithstanding, free trade is bad for America, some industries are better than others and government plays an indispensable role in commercializing and developing new technologies. Most successful foreign countries understand this; industrial policy can help keep the best jobs and industries at home while enriching millions of lives. The most recent US administrations have been moving in the right direction but, the authors argue in this comprehensive and far-reaching study, their measures haven't been nearly enough. It's time for a coherent, comprehensive, fully thought-out analysis of the concept of industrial policy and how it should be used. Industrial Policy for the United States presents a timely new economic theory of industrial policy. It supports the theory with an analysis of industrial policy successes and failures in the US and foreign countries, case studies of key American industries and policy recommendations.
Über den Autor
Marc Fasteau is a vice-chair of the Coalition for a Prosperous America. Before founding an insurance company acquired by Progressive, he was a partner at Dillon Read & Co., a New York investment bank. Earlier in his career he served on the professional staffs of the US Senate majority leader, the Joint Economic Committee and the House Banking and Currency Committee. He is a graduate of Harvard College and Harvard Law School, where he was on the Harvard Law Review.
Inhaltsverzeichnis
Preface; Introduction; Part I. The Underlying Economics: 1. Why the free market can't do everything; 2. The dynamics of advantageous industries; 3. The Industrial Policy Tool Kit; 4. Trade, currencies & industrial policy; Part II. Country Case Studies: 5. Japan: the first Asian miracle; 6. Korea: development despite turbulence; 7. China: pursuing economic hegemony through mercantilism; 8. Germany: the art of relationship capitalism; 9. France: the triumph & failures of the state; 10. Britain: no theory & little execution; 11. India: dysfunctional socialism, directionless capitalism; 12. Argentina: a dual cautionary tale; Part III. The Forgotten History: 13. The renaissance origins of industrial policy; 14. US industrial policy 1750-1865: developing a new nation; 15. US industrial policy 1866-1939: the highpoint of protectionism; 16. US industrial policy 1940-1973: the golden age of the us economy; 17. US industrial policy 1974-2007: doubling down on free markets; 18. US industrial policy 2008-present: the end of the old order; Part IV. Innovation as A System: 19. Governmentally supported innovations; 20. Federal science & technology programs; 21. Federal proactive innovation programs; 22. Industrial policy for advanced manufacturing; 23. Micro-governance of industrial policy; 24. The crisis of the American patent system; Part V. Industry Case Studies: 25. Automobiles: decline & a chance at revival; 26. Semiconductors, aviation & space: the military connection; 27. Robotics: a global industrial policy competition; 28. Nanotechnology: is America losing the future?; Part VI. Regional Cluster Case Studies: 29. The Massachusetts life sciences cluster; 30. The upstate New York semiconductor cluster; Recommendations: an industrial policy for the United States; Notes; Select bibliography; Index.
