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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.
01:06:37

Podcast summary created with Snipd AI

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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