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…mehr
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.
Marc Fasteau is a Vice-Chair of the Coalition for A Prosperous America. Before founding an insurance group that was acquired by Progressive Insurance, he was a partner at New York investment bank. He is a graduate of Harvard College and Harvard Law School, where he was on the Law Review.
Inhaltsangabe
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.
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.
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