The Present and Future of Industrial Policy
In 2019, the International Monetary Fund was calling industrial policy “the policy that shall not be named.”
Just three years later, a historic string of industrial policy wins are poised to reshape our economy as we know it—from the Inflation Reduction Act, to the CHIPS and Science Act, to executive actions to boost domestic clean energy supply.
“It’s difficult to overstate how rapid industrial policy’s rise has been in progressive thinking and US policy more broadly,” Roosevelt’s Todd N. Tucker writes.
That momentum was a central focus of Roosevelt’s October 7 forum, “Progressive Industrial Policy: 2022 and Beyond,” which gathered more than 200 policymakers, activists, and scholars—including US Trade Representative Katherine Tai; Wally Adeyemo, deputy secretary, Department of Treasury; and John Podesta, senior advisor to the president for clean energy innovation and implementation.
The forum also offered an opportunity to zoom out and reflect on lessons learned, Tucker writes. “From my perch as Director of Industrial Policy and Trade, five major lessons stand out.”
For more from Roosevelt’s progressive industrial policy forum, watch event sessions here, and read Tucker’s Twitter thread. Catch up on Financial Times columnist and panel moderator Rana Foroohar’s takeaways, and see analysis of Ambassador Tai’s speech in Paul Krugman’s latest New York Times piece.
|
