2min snip

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Industrial policy: what it is, how Biden's doing it, and how it could be done better

Volts

NOTE

Focus on Upstream Industries in Industrial Policy

Biden's industrial policy focuses on a subset of industries called upstream industries, which are integral to the rest of the economy. This includes sectors like clean energy, semiconductors, and steel, which are essential inputs for various products. The strategy is similar to successful industrial policies in other countries that concentrate on key industries rather than a broad range of sectors.

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