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554 | Ian Fletcher: Why Industrial Policy and Managed Trade Are Key to America's Future

The Realignment

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Revitalizing American Industries

This chapter explores the evolution of the US auto industry and the need for strategic industrial specialization in exports. It discusses the impact of consumer preferences on the market and the importance of high-tech industries in elevating living standards. Additionally, the chapter addresses the challenges and potential benefits of revitalizing American manufacturing amidst global competition and emerging trends in electric vehicles.

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