US Advanced Manufacturing Industrial Policies:Evolutionary Characteristics and Internal Logic-Formation of New American Industrial Policy
In recent years,the debate over the US industrial policies has resurfaced with the country's imple-mentation of selective industrial policies and great power competition-oriented industrial policies aimed at suppressing other countries in strategic industries such as semiconductors.The evolution of the US advanced manufacturing industrial policies features internal development and external competition,ensuring the persis-tence of the America First Policy,of which the implicit competitive policies serve as the cornerstones of the US industrial policies,the responsive policies are conventional ones flexibly employed by the US,and the de-fensive policies have been strengthened to align with the heightened consciousness of America First and great power competition.The proportion of selective industrial policies in the US has increased significantly in recent times,and the defensive and responsive industrial policies aimed at suppressing other countries have increased rapidly,which has become the symbol of the new industrial policies in the US during Biden's presidency.The US government tries to actively integrate itself into the market economy system through the implementation of"strong industrial policies,"in a bid to compensate for shortcomings in the market system and even shape industrial chains and market system,and increasingly show the characteristics of an"entre-preneurial government."The US advanced manufacturing industrial policies offer salutary lessons,while at the same time,the US escalating protectionism that spells trouble for the global economic order,its decou-pling and breaking chains measures and"beggar-thy-neighbor"development mode that ignore the law of in-dustrial development pose hidden risks to its sustained development.
US industrial policiesadvanced manufacturinginstitutional logiccompetition with China
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