WHAT KIND OF INDUSTRIAL POLICY?

Abstract

The subject of industrial policy in the United States has taken on something of a Rorschach quality of late, in whose ink blots people perceive their fondest hopes and direst fears. Organized labor, many Democrats and liberals, and a fair sampling of business leaders see it as a primary means of reestablishing U.S. industrial pre‐eminence. Many conservatives and professional economists view it as a misguided assault on the free market. Some left‐leaning intellectuals perceive it as a means of maintaining the hegemony of business, labor, and government elites. Lost in the ideological shuffle is a description of what U.S. industrial policy is coming to be, and a set of practical steps to improve it.

Citation

Reich, R.B. (1984), "WHAT KIND OF INDUSTRIAL POLICY?", Journal of Business Strategy, Vol. 5 No. 1, pp. 10-17. https://doi.org/10.1108/eb039040