Industrial policy: Government-led investment's resurrection and evolution

What happens when governments proactively lead strategic investments into specific industries of their economies?

1. Global resurgence
2. History of intervention (infant industry protection, national champions, Latin American ISI)
3. Regulation and the World Trade Organization (WTO prohibited/actionable/nonactionable subsidies and TRIMs)
4. Human capital (education and skills development)
5. Special Economic Zones (SEZs) and Regional Innovation Clusters
6. The government-industrial-academic complex
7. Downsides, tradeoffs, and unintended consequences
8. Future of industrial policy
9. 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