Understanding the Deficiency of America's Industrial Policy
Monday, 18 March 2024, 05:01
The Challenge of Industrial Policy in America
America's industrial policy remains fragmented and lacks a unified vision. The inclusion of subsidies, tariffs, and good intentions has not led to the desired outcomes.
The Missing Coherence
Without a comprehensive strategy, the efforts in place fall short of the necessary requirements for a successful industrial policy.
- Subsidies: Although beneficial, subsidies need to be part of a broader strategy to be truly effective.
- Tariffs: While used as a tool, tariffs alone are insufficient to drive industrial growth.
- Good Intentions: Policy goals must align with a clear roadmap for industrial development.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.