Can Trump Bring Back Manufacturing?
Confronting Capitalism with Vivek Chibber
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Navigating Industrial Policy
This chapter examines the role of industrial policy as a form of state intervention in the economy, particularly in contrast to the U.S. approach and that of developing nations. It highlights historical examples from Japan and France post-World War II, showcasing how these countries used industrial policy to revitalize their manufacturing sectors. The discussion also addresses the tension between state initiatives for long-term economic growth and the immediate profit motives of capitalists, revealing the complexities of aligning state and market interests.
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