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ChinaTalk
Industrial Icebreaker Policy
Aug 13, 2024
William Henagan and Robert Obayda, directors at the National Security Council, dive into the Icebreaker Collaboration Effort among Canada, Finland, and the U.S. They discuss the vital role of icebreakers in national security and how cranes factor into industrial policy. The conversation also highlights Finland's surprising strength in NATO dynamics and the need for strategic sourcing away from China. The implications of industrial collaboration and future challenges in shipbuilding reveal the complexities of global alliances.
01:06:37
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Quick takeaways
- The U.S. industrial policy under President Biden aims to align economic growth with national security by strategically investing in key sectors.
- Cranes are critical to the global supply chain, highlighting concerns over reliance on foreign manufacturers like China for production.
Deep dives
Industrial Policy and National Security
The modern industrial policy under President Biden seeks to align economic growth with national security interests by strategically investing in key sectors. This policy addresses the past misconception that market force distributions alone can efficiently allocate resources, which has led to a decline in crucial domestic industries. One assumption is that all growth is beneficial, which has resulted in an over-concentration of production capabilities in certain sectors overseas, especially in the face of competition from nations like China. The strategy now includes identifying foundational sectors essential for both economic development and national security, where cost-effective private sector investment is currently lacking.
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Discover
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