Episode description
What happens when governments proactively lead strategic investments into specific industries of their economies?
- Global resurgence
- History of intervention (infant industry protection, national champions, Latin American ISI)
- Regulation and the World Trade Organization (WTO prohibited/actionable/nonactionable subsidies and TRIMs)
- Human capital (education and skills development)
- Special Economic Zones (SEZs) and Regional Innovation Clusters
- The government-industrial-academic complex
- Downsides, tradeoffs, and unintended consequences
- Future of industrial policy
- Transparency and accountability
This podcast is Al-generated with NotebookLM, using the following sources, research, and analysis:
- Analyzing industrial policy portfolios (Heinrich/Knill/Steinebach, 2024.12)
- Biden's tarnished industrial legacy (Noah Smith, 2025.01.06)
- Debate: Is Industrial Policy Effective? (Mike Bird and Noah Smith, 2023.08.15)
- Industrial Policy and the Great Divergence (Juhász/Steinwender, 2024.04.09)
- Industrial Policy and the World Trade Organization: Between Legal Constraints and Flexibilities (Shadikhodjaev, 2019.02.04)
- Industrial Policy is Back But the Bar to Get it Right Is High (IMF, 2024.04.12)
- Industrial Policy: A Bad Idea Is Back (Cato, 2021.07)
- Industrial policy (Wikipedia, 2025.01.06)
- Interview: Pritzker on how public-private partnerships can underscore the importance of skill development (McKinsey, 2018.08.09)
- Perspectives on Industrial Policy: An Interview with Alden Abbott (Truth on the Market, 2025.01.07)
- Perspectives on Industrial Policy: An Interview with Peter Craddock (Truth on the Market, 2025.01.06)
- Perspectives on Industrial Policy: An Interview with Scott Lincicome (Truth on the Market, 2025.01.06)
- Red Ink: Estimating Chinese Industrial Policy Spending in Comparative Perspective (DiPippo/Mazzocco/Kennedy/Goodman, 2022.05.23)
- Scoring 50 Years of US Industrial Policy, 1970–2020 (Peterson Institute for International Economics, 2021.11)
- The Emerging American Industrial Policy (Belton, 2021.03.25)
- The New Economics of Industrial Policy (Juhasz/Lane/Rodrik, 2023.08)
- The New Industrial Structure: Reforming Industrial Policy in the Digital Era (Choe, 2018.12.31)
- The renaissance of industrial policy: Known knowns, known unknowns, and unknown unknowns (World Bank, 2024.10.29)
- The return of industrial policy in data (CEPR, 2024.01.11)
- What has Biden wrought? (Politico, 2024.12.23)
Not investment advice; do your own due diligence!
# geopolitics regulations WTO DARPA Bidenomics China competition corruption cronyism protectionism reshoring nearshoring supply chains national security subsidy