Marco R. Di Tommaso - Böcker

In this volume covering the long sweep of US industrial policy, Marco R. Di Tommaso and Vinod K. Aggarwal contextualize the current moment of industrial policy and its possible consequences. In an era marked by international tension and global challenges, governments have responded by increasing their focus on industrial policy to enhance certain economic sectors. The United States is often seen to be a free-market economy lacking significant government intervention. However, the use of industrial policy in the United States is far from new. The American government has long played an essential role in industrialization from Hamilton's plan for manufacturing to Biden's turn to industrial policy in green industries and semiconductors and to Trump's tariff policies.In Governing Growth, Marco R. Di Tommaso and Vinod K. Aggarwal chart this history of American industrial policy spanning from the Founding Fathers to Donald Trump's current presidency. They explore the "pre-history" of American industrial policy, tracking how the government balanced industry and societal needs up until the crisis of the 1970s. Pointing to the parallels between Ronald Reagan and Margaret Thatcher, Di Tommaso and Aggarwal identify the pivot to neoliberalism in the 1980s. Even in this climate, they point out that there remained a significant gap between rhetoric promoting free trade and protectionist policies. Finally, they compare the recent presidencies of Obama, Biden, and Trump, exploring how the vastly different backgrounds, approaches, and ideologies of these politicians affected US industrial policy. Di Tommaso and Aggarwal speak to the importance of understanding burgeoning industrial policy around the world through a historical lens, and ultimately the book also offers context to Trump's unique approach to trade protection and industrial policy and the likely consequences.

In this volume covering the long sweep of US industrial policy, Marco R. Di Tommaso and Vinod K. Aggarwal contextualize the current moment of industrial policy and its possible consequences. In an era marked by international tension and global challenges, governments have responded by increasing their focus on industrial policy to enhance certain economic sectors. The United States is often seen to be a free-market economy lacking significant government intervention. However, the use of industrial policy in the United States is far from new. The American government has long played an essential role in industrialization from Hamilton's plan for manufacturing to Biden's turn to industrial policy in green industries and semiconductors and to Trump's tariff policies.In Governing Growth, Marco R. Di Tommaso and Vinod K. Aggarwal chart this history of American industrial policy spanning from the Founding Fathers to Donald Trump's current presidency. They explore the "pre-history" of American industrial policy, tracking how the government balanced industry and societal needs up until the crisis of the 1970s. Pointing to the parallels between Ronald Reagan and Margaret Thatcher, Di Tommaso and Aggarwal identify the pivot to neoliberalism in the 1980s. Even in this climate, they point out that there remained a significant gap between rhetoric promoting free trade and protectionist policies. Finally, they compare the recent presidencies of Obama, Biden, and Trump, exploring how the vastly different backgrounds, approaches, and ideologies of these politicians affected US industrial policy. Di Tommaso and Aggarwal speak to the importance of understanding burgeoning industrial policy around the world through a historical lens, and ultimately the book also offers context to Trump's unique approach to trade protection and industrial policy and the likely consequences.

By concentrating on one of the key locations of global manufacturing, this volume offers a contribution to contemporary industry studies.The rates of growth that have characterized the southern Guangdong province in the last three decades are unique, even with respect to the more general and often cited Chinese experience. But what role have governments played in these decades of growth? What are the aims and tools of industrial policies promoted in this core location of contemporary manufacturing? And what are the implications of the Guangdong experience of growth for the international debate on contemporary industry?Referencing the international debate on industrial development, specialized Chinese academic literature, official government documents, statistics and in-depth fieldwork this book offers unique view on the complex set of long-term national and local government plans and policies that have gone hand in hand with the last three decades of impressive change in this highly industrialized region. In this framework, local industrial development policy, innovation policy and migration policy are carefully analyzed as three of the main strategic interventions selected by government authorities to promote the desired gradual structural change and technological upgrading in industry. This book will be of interest to students and scholars of Chinese studies, economics and business, development policy and industrial policy. Furthermore, the volume presents stimulating material for both policy makers and entrepreneurs.

By concentrating on one of the key locations of global manufacturing, this volume offers a contribution to contemporary industry studies.The rates of growth that have characterized the southern Guangdong province in the last three decades are unique, even with respect to the more general and often cited Chinese experience. But what role have governments played in these decades of growth? What are the aims and tools of industrial policies promoted in this core location of contemporary manufacturing? And what are the implications of the Guangdong experience of growth for the international debate on contemporary industry?Referencing the international debate on industrial development, specialized Chinese academic literature, official government documents, statistics and in-depth fieldwork this book offers unique view on the complex set of long-term national and local government plans and policies that have gone hand in hand with the last three decades of impressive change in this highly industrialized region. In this framework, local industrial development policy, innovation policy and migration policy are carefully analyzed as three of the main strategic interventions selected by government authorities to promote the desired gradual structural change and technological upgrading in industry. This book will be of interest to students and scholars of Chinese studies, economics and business, development policy and industrial policy. Furthermore, the volume presents stimulating material for both policy makers and entrepreneurs.

Many countries and regions are actively promoting high technology industries as a means of stimulating the economy. The authors point out that these efforts are not only encouraging economic development, but they also reduce an economy's vulnerability to the negative consequences of world trade. By weaving together the fields of health economics, industrial organisation and industrial development, this book describes the benefits of promoting a country's health industry as a way of stimulating its high-technology industrial capacity. The authors illustrate that the development of a country's health industry not only improves the country's health status, but also promotes an industry with relatively stable, high-wage employment, creates the potential for exporting goods and services, and produces scientific spillovers that will favourably impact other high-technology industries.Health Policy and High-Tech Industrial Development will be of great interest to health policy analysts by showing that health policies have broader implications than merely affecting health systems. Health economists should consider the advantages of viewing a country's health system not only as a unique industry that produces both health care and high-technology goods and services, but that also possesses the ability to stimulate development of a broader array of high-technology industries. Development and industrial economists and policymakers will also see the health sector from this different and innovative perspective.

In contrast to what observers have frequently argued, this timely and thought provoking book suggests that the concept of industrial policy is not alien to the American past and present.The debate on this topic in the US has always been full of contradictory rhetoric and policy practices, and the expert authors therefore acknowledge a need to rethink the traditional antagonist positions. They illustrate that contemporary markets continue to demand to be fixed by government policies, and governments continue to show how fixing-the-market policies might fail. The conclusion is that the future of industrial policy is about how to make both markets and governments better in their functioning, but that the real goal for industrial policy is to make better-market and better-government policies consistent with the goal of building a better society.Affirming that it is time to break the taboo and discuss the nation's goals, targets, and tools to develop a new, effective American industrial policy, this pathbreaking book will prove a thought provoking and challenging read for students, academics and policymakers with an interest in political economy and industrial policy, public sector and international economics.For a video of the authors discussing their book, please visit:youtube /industrialpolicyinusContents: Preface 1. Industrial Policy: Tools, Targets, and Goals 2. Better Markets, Better Government, Better Society 3. Industrial Policy in America's Economic History: A Bird's-Eye View 4. Industrial Policy in America's Recent History 5. Industrial Policy of the Obama Administration 6. Vertical Policy Initiatives of President Obama 7. Beyond Vertical Interventions 8. Quo Vadis? Choosing our Destiny References Index

This book explores the ongoing transition of China’s economy by examining how its healthcare industry is growing and changing.