Industrial Policy for the United States: Winning the Competition for Good Jobs a

Description: Industrial Policy for the United States by Marc Fasteau, Ian Fletcher The US can win good jobs and high-value industries with industrial policies that its competitors use now and America used in the past. America should combine tariffs, a competitive dollar, and support for innovation with a new emphasis on manufacturing. This book presents an alternative economics that supports this view. FORMAT Hardcover CONDITION Brand New Publisher Description The 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. Timely, meticulously researched, and bipartisan, this impressive analysis replaces misunderstandings about industrial policy with lucid explanations of its underlying economic theory, the tools that implement it, and its successes (and failures) in America and abroad. It examines key industries of the past and future – steel, automobiles, television, semiconductors, space, aviation, robotics, and nanotechnology. It concludes with a realistic, actionable policy roadmap. A work of rigor and ambition, Industrial Policy for the United States is essential reading. Author Biography Marc Fasteau is a vice-chair of the Coalition for a Prosperous America. Before founding an insurance company acquired by Progressive, he was a partner at Dillon Read & Co., a New York investment bank. Earlier in his career he served on the professional staffs of the US Senate majority leader, the Joint Economic Committee and the House Banking and Currency Committee. He is a graduate of Harvard College and Harvard Law School, where he was on the Harvard Law Review. Ian Fletcher is on the Advisory Board of the Coalition for a Prosperous America. He is the author of Free Trade Doesnt Work and coauthor of The Conservative Case against Free Trade. He was a senior economist at the Coalition and previously a research fellow at the US Business and Industry Council. He was educated at Columbia and the University of Chicago. Table of Contents Preface; Introduction; Part I. The Underlying Economics: 1. Why the free market cant 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. Review The authors provide enormous background, case studies, and analysis about how to implement strong trade and industrial policies to restore Americas leadership in innovation and manufacturing – and the good jobs that come with it. This should be required reading for any policymaker working to increase Americas productive capacity and strengthen our supply chains. Earl Blumenauer (D-OR), Ranking Member, Subcommittee on Trade, House Ways and Means CommitteeTruly impressive. While readers may disagree with some of its recommendations, almost all will find its documentation of the practice over the last three centuries a source of valuable historical perspective. And its assessments of past successes and failures – overseas and in the US – will be helpful to policymakers in a world where industrial policy is likely to become de rigueur. Willy Shih, Harvard Business SchoolThis is an indispensable guide for CEOs – of multinationals on down – for understanding and taking advantage of Americas return to industrial policy. It rebuts the leave everything to the market argument, quantifying the horrific damage done to Americas businesses, workers, and national security by pursuit of the free trade mirage. Its comprehensive, well-thought-out, and coherent policy recommendations should be required reading for every policymaker. Dan DiMicco, Former Chairman and CEO, NucorThere has been a global trend of policymakers drifting away from laissez faire and free trade, because of various reasons. And that story has not been explained rigorously enough by most books and research papers that exist today. This in-depth treatise on Industrial Policy fills in this huge gap in a scintillating manner with references and explanations from across the world. The book provides the readers with intellectual ammunition needed to contrast and compare various policy pathways and their potential impact on industries. Badri Narayanan, Former Head, Trade and Commerce, NITI Aayog, Lead Trade Advisor to PM Narendra ModiState ownership and control of industry have failed, as has leaving everything to the market. Instead, governments need judicious and evidence based industrial policies. This book makes a brilliant case for same, combining strategic guidance by the state with the innovative potential of competitive enterprise. Everyone who cares about our economic future should read this. Geoffrey M. Hodgson, Emeritus Professor of Economics, Loughborough University, Editor in Chief, Journal of Institutional EconomicsIf America and its democratic allies are to recover the economic and strategic bulk lost over the last four decades, elected officials and policymakers will need a plan. No longer can they blindly put their hopes in the abstractions of free-market ideology. They must have industrial policy tethered to the reality of strategic competition. Our strategic rivals are embracing industrial policy to our detriment; we must respond. This excellent book lights the way ahead. Andrew Hastie, Member of Parliament, Commonwealth of Australia and Shadow Minister for DefenceA well-written, well-reasoned, and remarkably thorough case for a much more vigorous and targeted industrial policy. It correctly argues that markets alone will not optimize output from the most valuable industries because of significant market failures. Its detailed, well-articulated proposal for a specific Industrial Policy for the United States should give free-market acolytes pause and progressives ammunition in the battle for an industrial revival. Jeffrey Fuhrer, Non-Resident Fellow, Brookings Institution, Foundation Fellow at the Eastern Bank FoundationSo much economic analysis and controversy misses the real heart of our current crisis – Americas industries, especially manufacturing – and why they keep losing ground to foreign competitors. This book finally gives a complete picture of what went wrong and what we can do about it. I especially appreciated the discussion of how the development and deployment of innovations depends on not only the private sector, but also on crucial, under-appreciated programs like the Manufacturing Extension Partnership and Manufacturing USA. If American industry is to convincingly recover its formerly world-leading position, this country will need to support every step of the innovation pipeline, not just pure science and defense-oriented technologies, across the entire industrial spectrum. Carroll Thomas, Former Director, Manufacturing Extension PartnershipThe fight to control tomorrows strategic industries will not be determined by market forces but by industrial policy. This superb and timely book explains why and how America must act if it is to be a major player in the worlds industrial future. Stewart Paterson, Author, China, Trade and Power: Why the Wests Economic Engagement Has FailedWithout a doubt this is the most definitive analysis of industrial policy ever written. For anyone interested in industrial policy and its implications for the economy, this is the perfect source and a real triumph! Barry Bluestone, Northeastern UniversityResearch, discussion, and policy initiatives advocating industrial policy for the US is spreading in wake of the failure of neoliberal doctrines to deliver inclusive growth and technological leadership. Fasteau and Fletchers seminal contribution advances this agenda and paves the way for a proactive commonsensical set of industrial policies. John Komlos, Professor Emeritus of Economics and Economic History, University of MunichThis book illuminates the path through the complexities and escalating costs of industry and advanced manufacturing, where current US policy is insufficient. Presenting a detailed plan and advocating for a whole-of-government industrial policy, it offers essential guidance for students and policymakers to navigate and shape the future of American industry. David Bourne, Principal Scientist, Robotics, Carnegie Mellon Associate Director, Manufacturing Futures InstituteIndustrial Policy for the United States will serve as the standard reference work on industrial policy in the foreseeable future. Its 800 pages provide a thorough survey of all the major economies experience with government planning, including a sober assessment of successes and failures …. Belongs in the library of every policymaker concerned about the state of U.S. industry. David P. Goldman, The American ConservativeAmerica needs a new economic consensus to overthrow decades of industrial decline and subservience to Communist China. This book lays the intellectual groundwork for that consensus-one that would make for a stronger, more prosperous nation. It couldnt come at a better time. Senator Marco Rubio (R-FL)The topic of industrial policy has surged back onto the American political scene so quickly that most policymakers find themselves scrambling to educate themselves and thirsty for relevant expertise. Industrial Policy for the United States should be their authoritative resource. And unlike most such resources, occasionally thumbed through in search of a particular statistic or quote, this book will be found sitting open on many of the Washington desks at which the decisions get made. Oren Cass, Executive Director, American Compass Promotional How the US can use industrial policy to win the international competition for good jobs and high-value industries. Details ISBN1009243071 Author Ian Fletcher Publisher Cambridge University Press Year 2024 ISBN-13 9781009243070 Format Hardcover Imprint Cambridge University Press Subtitle Winning the Competition for Good Jobs and High-Value Industries Place of Publication Cambridge Country of Publication United Kingdom Illustrations Worked examples or Exercises ISBN-10 1009243071 Audience Professional & Vocational DEWEY 338.973 Publication Date 2024-11-21 UK Release Date 2024-11-21 Pages 836 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:168758897;

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