Strategies for Industry Success and Government Support

This chapter explores the distinguishing factors between successful and failed industrial strategies, with a focus on fostering long-term competitive advantage and avoiding industry stagnation. It delves into the role of government intervention in supporting domestic industries, using examples from history like Korea's support for the electronics industry. The chapter also analyzes current US government policies towards industries like green energy and manufacturing, contrasting them with global market leaders and discussing the challenges of protectionism versus global market dominance.