4min chapter

Plain English with Derek Thompson cover image

"Industrial Policy" Is the Hottest Idea in Economics. What Could Go Wrong?

Plain English with Derek Thompson

CHAPTER

The Rise of Industrial Policy in the United States

Industrial policy, at least as we think of it, fell out of fashion for a while. It still seems to be having a resurgence in the Biden administration. The interest in industrial policy is part and parcel of a broader rethink of the free market globalization model that more or less held sway in the 1990s and 2000s.

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