ChinaTalk Industrial Icebreaker Policy
Aug 13, 2024
William Henagan and Robert Obayda, directors at the NSC, share their expertise on the intersection of industrial policy and national security. They discuss the strategic collaboration between Canada, Finland, and the U.S. on icebreakers, emphasizing their critical role in the Arctic. The conversation touches on why cranes are vital for national security and the significance of positive incentives in American industrial policy. They also explore the geopolitical implications of the global shipbuilding industry, highlighting the need for cooperative approaches to maintain competitive advantage.
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Modern Industrial Strategy
- The Biden administration's industrial strategy blends economic and national security.
- Investing in the US economy strengthens national security.
Cranes and Icebreakers
- Cranes and icebreakers were chosen as initial focus areas for industrial policy application.
- This was based on perceived strategic importance and the potential for applying the strategy.
Resilience over Dominance
- Industrial policy prioritizes resilience in sectors like cranes and icebreakers.
- This ensures critical supply chain diversity and shock resistance.