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Industrial Policy 2025: Bringing the State Back In (Again)
Working paper   Open access

Industrial Policy 2025: Bringing the State Back In (Again)

Todd Tucker, Kyunghoon Kim, Saule T. Omarova, Jonas Algers, César F. Rosado Marzán and Lenore Palladino
SSRN
05/08/2025
DOI: 10.2139/ssrn.5245881
url
https://doi.org/10.2139/ssrn.5245881View
Open Access

Abstract

This collection of essays is a first-of-its-kind interdisciplinary analysis by a diverse group of scholars from around the world that aims to answer the question: What institutions and strategies are missing from US industrial policy that could help it be more successful? The collection looks at the potential tools of economic statecraft that could complement the tax credits and grants that have formed the core of the Biden administration’s first term industrial agenda. The foreword starts by taking stock of the last three years of industrial policy developments, and the criticisms these have generated from certain observers about what has been seen as excessive levels of state intervention. A second section looks to how comparative politics research can provide further context as to whether and how higher levels of intervention could be justified. A third section introduces the reader to the essays that make up this compilation, and how they push both theory and practice forward.

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