
The United States Needs a Robust Industrial Policy, With Marc Fasteau and Ian Fletcher
Innovation Files: Where Tech Meets Public Policy
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Challenges and Perspectives in U.S. Manufacturing
This chapter explores the difficulties faced by small and medium-sized enterprises (SMEs) in the U.S. manufacturing sector, including underfunding and extended payment terms. It contrasts the American industrial policy with stronger support systems in countries like Germany and Japan, advocating for a reevaluation of manufacturing's economic role. Additionally, the chapter critiques traditional economic models and emphasizes the need for dynamic producers within an effective industrial policy framework.
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