The U.S. government is pursuing a series of new industrial policies
at a level not seen before. This effort has been driven politically
on a bipartisan basis by concern over China's extensive industrial
policy system. Growing concern about climate change has also been a
major driver for these new policies as has the Covid-19 pandemic.
Industrial Innovation Policy in the United States places these new
policy approaches into an historical context, particularly
emphasizing industrial policy approaches to the innovation system.
It then reviews the definitional and economic debates over
industrial policy. Next, it catalogs and summarizes the main
thrusts of new U.S. industrial policy efforts and describes the
major elements, as well as gaps in these approaches. In particular,
it notes the critical gap in the U.S. for scale-up funding for
moving new technologies into production as compared to China. The
author also notes the types of industrial innovation policies,
characterizing "top down" and "bottom up" approaches. Finally, the
monograph reviews the new mechanisms and supporting infrastructure
needed to make industrial policy approaches operational.
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