Using Industrial Policy for Productive Transformation
The Inflation Reduction Act, the CHIPS and Science Act, and the Infrastructure Investment and Jobs Act represent the most prominent initial efforts by US policymakers to reinvest in domestic manufacturing, infrastructure, and energy.
As implementation continues, there’s a lot to learn from history, Roosevelt’s Isabel Estevez writes in a new brief.
“The climate crisis will necessitate a sustained industrial transformation,” she says. “Luckily, we don’t have to reinvent a body of knowledge to inform that enterprise: Development economics scholarship has a long tradition and many lessons for this moment.”
Read on for three of those lessons.
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