Breaking New Ground or Breaking the Rules: Strategic Reorientation in U.S. Industrial Policy

Abstract

Does the United States have an industrial policy? Some say that the U.S. laissez-faire approach works against the development of any meaningful industrial policy. Glenn Fong of the American Graduate School of International Management disagrees. Based on an examination of nine case studies, Fong concludes that the federal government has not only improved its capability to develop and execute technology and industrial policy measures, but has done so for the specific purpose of enhancing U.S. economic competitiveness.