Can Industrial Policy Revive Manufacturing?
https://www.project-syndicate.org/commentary/biden-administration-industrial-policy-failed-to-boost-manufacturing-by-daniel-gros-2024-12
Though US President Joe Biden’s massive industrial-subsidy programs have fueled a construction boom, they have failed to revive US manufacturing output – a goal that Donald Trump’s tariff-based approach will also fail to achieve. In the US and the EU alike, resisting the secular trend of “de-manufacturing” may well be a losing battle.
https://www.project-syndicate.org/commentary/biden-administration-industrial-policy-failed-to-boost-manufacturing-by-daniel-gros-2024-12
Though US President Joe Biden’s massive industrial-subsidy programs have fueled a construction boom, they have failed to revive US manufacturing output – a goal that Donald Trump’s tariff-based approach will also fail to achieve. In the US and the EU alike, resisting the secular trend of “de-manufacturing” may well be a losing battle.
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