Research
The empirical case against broad tariffs is well-settled — recent U.S. experience shows full pass-through to consumers, net job losses in downstream industries, and persistent negative output effects — but the harder contested question is whether targeted, performance-linked industrial policy can deliver durable industrial upgrading without capture or misallocation, a debate where East Asian evidence (including South Korea's battery supply-chain shift from 92% to 58% China-dependence without tariffs) challenges free-trade orthodoxy while market-oriented analysts dispute whether those models are institutionally replicable. Beneath this lies a structural tension the briefing names but does not resolve: the current bipartisan protectionist turn may be either a durable geopolitical realignment or a politically contingent moment, and that distinction determines whether the CHIPS Act, IRA, and similar programs are rational long-run bets or expensive rent-seeking with no longitudinal productivity data yet to judge them. Three gaps receive almost no sustained coverage and should shape how readers weigh any confident claim: the regressive distributional burden of tariffs on lower-income households, the unmeasured fiscal cost of industrial subsidies relative to their stated security benefits, and RCEP's cumulation rules — a structural workaround deliberately designed to undermine U.S. domestic-content logic that is nearly invisible in mainstream U.S. policy debate.
Progressives want to replace neoliberalism with green-equity-focused industrial policy, which would make America poorer and weaker.
Linking this to the NEG argument, reduced trade policy space undermines a developing economy's ability to maintain an existing base of industrial activity ...
This article explores the relationship among trade liberalization, deindustrialization, and income inequality in the more industrially advanced Latin American ...
The fundamental industrial and societal challenge of this century is to leave carbon behind while creating a better and more equitable world.
This article aims to connect in a meaningful way the scientific knowledge on LCPs and evidence-based policy making with the sustainability agenda imperatives.
This report identifies several factors why trade has contributed to reduce between country and higher within country inequalities. The fragmentation of ...
The investment comes in the form of protection, which makes, for the moment, your local consumer use expensive and inferior domestic products.
A lot of industrial policies are interventions to provide firms with customised services, such as in workforce training, infrastructure or ...
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