Industrial Policy Insights
The discussion highlights the critical role of market discipline in shaping successful industrial policy, emphasizing that American firms primarily rely on domestic sales. While authoritarian regimes like Korea and Taiwan have seen success, democratic nations like Japan and France also demonstrate that effective industrial policy can thrive in a democratic context. Ultimately, the argument posits that democracy may actually enhance the responsible use of public funds for the collective benefit of society.In this clip
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Odd Lots
This Is How Industrial Policy Can Go Bad
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