Industrial Policy for the United States: Winning the Competition for Good Jobs and High-Value Industries
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172
978-1009243070
Cambridge University Press
2025
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loginThe U.S. is losing the competition for good jobs and high-value industries because most of Washington believes trade should be free, the dollar should float, and that innovation comes exclusively from the private sector. In this book, the authors make the bold case that these laissez-faire ideas have failed and that a robust industrial policy is the only way for America to remain prosperous and secure. Trump and Biden have enacted some of its elements, but it needs to be made systematic and comprehensive, including tariffs to protect key industries, a competitive exchange rate, and federal support for commercialization―not just invention―of new technologies.
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