424 | David Adler & Bill Bonvillian: America's Advanced Manufacturing Problem - and How to Fix It
The Realignment
The Evolution of Industrial Policy and its Impact on Manufacturing in the US
This chapter explores the history of industrial policy in the United States, from its active implementation before World War II to its taboo status after the war. It delves into the relationship between defense policy and industrial policy, highlighting missed opportunities for innovation in manufacturing. The chapter also discusses the need for the United States to adapt to advanced manufacturing in order to compete with lower-cost economies.
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