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Economics

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Honors Theses

2017

Employment industry

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Controversies In Industrial Policy: The Creation Of An Explicit U.S Industrial Policy, Matthew Christian Rametta Jun 2017

Controversies In Industrial Policy: The Creation Of An Explicit U.S Industrial Policy, Matthew Christian Rametta

Honors Theses

As the world continues to globalize the United States will need to adapt in its industrial policy programs in order to stay competitive. As of today the United States has no explicit programs to bolster particular industries to increase their performance but rather does so implicitly through Department of Defense innovations that spill over into the private sector. However we have seen such explicit policies in countries such as South Korea and China. There has been immense growth in the sectors that have been targeted by these programs and this has raised questions about if the United States should adopt …