That time of free trade and the unfettered flow of capital has passed, and industrial policy will be the primary organizing framework for trade, technology transfers and global finance. … READ MORE >
Industrial policy
Regime change: Businesses face higher costs in nominal and real terms
Whether it is high single-digit borrowing costs for large multinationals or double-digit financing costs for middle market firms, elevated interest rates have become a fact of life for firm managers. … READ MORE >
RSM US Manufacturing Outlook Index: The Boeing effect takes a toll
The RSM US Manufacturing Outlook Index declined in March, reflecting sluggish activity across the production sector in general and the problems at Boeing in particular. … READ MORE >
Should the U.S. ban imports of Chinese electric vehicles?
Should a pause or outright barrier on entry of Chinese EVs into the U.S. market happen, this should not lead companies to become complacent. … READ MORE >
A rail merger and the evolution of North America’s supply chain
The merger of two major North American railroads will create a rail network that reaches both coasts and runs through the middle of the continent. … READ MORE >
Surging manufacturing construction: Industrial policy and U.S. semiconductors
A confluence of events triggered by supply chain disruptions, global security tensions and a changing political landscape has resulted in a boom in manufacturing construction. Call it the return of industrial policy. … READ MORE >
The rebirth of industrial policy in the United States
The U.S. Innovation and Competition Act of 2021, a $250 billion legislative package passed in June to facilitate the research and development of science and technology, represents a sea change in U.S. economic strategy and a return of the government’s use of industrial policy. But the embrace of industrial policy to solve economic and strategic problems carries with it considerable possibilities and risks. … READ MORE >