Revival of Industrial Policy in the United States:Goals,Characteristics and Enlightenments
The free market economy has long been considered the main feature of the US economy,and the US government has also opposed the use of industrial policy internationally.However,in recent years,there has been a revival of industrial policy in the United States,which is mainly reflected in the obvious increase of direct intervention industrial policies,promoting the localization of industries,strengthening the resilience and security of supply chains,and increasing support for emerging industries.Historically,industrial policy has played an important role in the rise of the United States.After the Second World War,the United States achieved an all-round and far leading position,and its policies to support industrial development shifted to pay more attention to the role of the market,focusing on supporting scientific and technological innovation,encouraging free market competition,and not excluding the implementation of moderate intervention under special circumstances.The current revival of industrial policy in the United States presents new features.The use and intensity of industrial subsidies increase.Pre-competition links are still the focus of industrial policy.Federal industrial policies are mostly issued in the form of bills,and pay attention to the coordination and cooperation between allies of different policies.China has entered a new stage of development,facing profound changes unseen in a century.Industrial policy is still the crucial means to promote industrial transformation and upgrading and build a modern industrial system.However,as China moves up the global value chain and toward strategic emerging industries,it also needs to adjust its industrial policy.The revival of American industrial policy has important enlightenment for our country to fully understand the role of industrial policy and to better formulate and implement industrial policy.
the United StatesIndustrial PolicyEmerging IndustriesBills