Adam Smith may have won the intellectual battle of ideas, but mercantilism has survived, and sometimes to good effects, from Dani Rodrik www.nber.org/papers/w34353

🙌🙌

Aghion (et al) have a paper on China, they recognised long ago & before many that the Chinese model departs from the East Asia model in having a Darwinian struggle-to-the-death competition of firms behind a wall of protection. It pairs Schumpeterian growth theory w the economics of industrial policy

AI infrastructure is surging, but broader US manufacturing investment is slowing. The risk: an AI boom that enriches tech firms more than people. A smart industrial policy will translate AI’s surge into quality jobs. An 🎯 piece from @ianrharnett.bsky.social www.ft.com/content/c7b9453e-f...

"Industrial policy can never work" edition X.

"U.S. President Donald Trump’s America First economic vision is pushing Canada to follow suit" @theglobeandmail.com article on Canada's turn to industrial policy focused on stimulating domestic demand for products exported to the US.

Highlights from @nathanlane.bsky.social's interview with @visiblehandpod.bsky.social: reflections on qualitative and hard econometric evidence in industrial policy studies, and the external validity of HCI drive successes: spillovers can apply broadly, but South Korea's bureaucracy was crucial. 🙌

In some senses you can see this as a form of industrial policy stimulating the growth of the arts sector, this is great for those who like the arts and those who produce art! Assuming the implementation is good etc. etc. 🎨🎵✒️

Fantastic piece by @theglobeandmail.com on how smaller countries are grappling with the consequences of America First! 🙌🙌https://www.theglobeandmail.com/business/economy/article-trump-america-first-canada-economic-nationalism/

Our co-founder @nathanlane.bsky.social featured on @visiblehandpod.bsky.social for a fascinating conversation on South Korea's Industrial Policy! 🙌

IPG's @nathanlane.bsky.social spoke to EconomyChosun on the South Korea Petrochemicals industry in light of the recent government industrial restructuring plan. Great insights. Industrial policy in managing challenging times, the importance of involving companies, setting realistic expectations. 🙌

This is very interesting!

Two events this week in Industrial Policy practice: 1. Keir Starmer's Labour Party Conference speech places industrial policy as central to "national renewal" 💫 2. The US government bought a 5% equity stake in Lithium Americas aiming to secure supply chains for batteries and EVs 🔋

Great guide to context engineering from the Anthropic team www.anthropic.com/engineering/... @anthropic.com

From EVs to batteries to heat pumps and more, clean technology is transforming the economics and geopolitics of energy. Take a crash course in electrotech with these episodes from Energi Media: https://www.youtube.com/watch?v=IC6ToNSeerE&list=PL0nvJ0fD_HvCBDfjyv88jVS07N0Bljhcb

We’re super excited to welcome Katharina Erhardt as the new Head of our Industrial Policy Lab—a joint project with @zew.de & @delorsberlin.bsky.social. In a joint professorship with @hhu.de / @dice.hhu.de, Katharina will also further strengthen our Research Center Trade 👋!

Very interesting work by @lowyinstitute.bsky.social. Ambitious green industrial policy goals are exciting, but we agree success requires more. The institutions tasked with policy design and implementation must have the capacity and incentives to deliver.

"Chinese factories installed nearly 300,000 new industrial robots last year alone ... the United States, the world’s largest economy, installed a mere 34,000." China has an industrial policy. The US has whatever Trump sees a story about on Fox News. www.zmescience.com/science/chin...

Australian government industrial policy around quantum computing includes $610m in PsiQuantum, $13m Quantum Australia Fund, and investments by National Reconstruction Fund, reports @nicfildes.ft.com . www.ft.com/content/3bac...

The strength of demand for generative AI may be the most critical factor determining whether an infrastructure boom ends in a bust. But three aspects add to the uncertainty

China is scooping up supply chain information as part of its trade restrictions. Europe lags behind in economic intelligence, but there is a way to start closing this gap with a low-cost, low-bureaucracy, high-impact step, writes @jankaoertel.bsky.social @ecfrasia.bsky.social https://bit.ly/4mCDg6p

🌐 From the first web page created in 1991… to 1 trillion web pages archived today. Every meme, blog, tweet & vanished site is part of our shared story. This is our collective memory. And it’s being saved. Join in our celebration this October: blog.archive.org/trillion/ #Wayback1T #WaybackMachine

In a recent @nature.com perspective article, @ucberkeleyofficial.bsky.social professor @jonasmeckling.bsky.social traces the rise of geoeconomic competition in decarbonization policy and spells out its implications for policymakers. besi.berkeley.edu/what-the-geo...

In Building for the Future: How Industrial Policy Can Strengthen Canada’s Economy & Sovereignty, we highlight removing systemic barriers & creating tools like an Indigenous development bank to unlock opportunities & strengthen sovereignty. 📖 Read the full recommendations: irpp.org/research-stu...

"Net zero is less a political battleground and more a race to secure future markets, investment and jobs." Prof Thomas Hale is quoted in the Independent as UK Prime Minister Keir Starmer faces calls to hold firm on green policies.👇 https://ow.ly/sGJ650X2QIe

A recent paper linking increased prevalence of a certain type of dementia with exposure Pm2.5 (a local air pollutant linked to fossil fuel combustion) www.science.org/doi/10.1126/...

There is so much thinking about industrial policy design at the moment, this work is so important!

Here’s my latest policy brief for CSDS! Pleased to share my views on how China’s industrial overcapacity is affecting Europe’s efforts to rearm. There’s a need to bring EU trade and defence policy together, but with more emphasis on defence!

❗New CSDS Policy Brief❗ "The Price of Plenty: Industrial Overcapacities, China and European Defence", by Daniel Fiott for CSDS. Read csds.vub.be/publication/...

France, Germany and Italy have proposed a raft of changes to EU climate, energy, industrial, public procurement and trade policy in a political statement aimed at shaping the European Commission’s planned proposal for an Industrial Decarbonisation Accelerator Act.

📝 How do US trade and industrial policies reflect broader foreign and security policy goals? Lauri Tähtinen analyses this through the case of the Dominican Republic & its Caribbean and North American environment in a FIIA Briefing Paper.⤵️ fiia.fi/en/publication/the-geoeconomic-turn-in-the-americas

Rethinking Approaches to Industrial Policy for a Net-Zero Future #Environment #NetZero #GreenEconomy #ClimateAction #SustainableFuture #IndustrialPolicy #CleanEnergy #Society #FairTransition #GlobalCooperation #ClimateSolutions #GreenInnovation the-14.com/rethinking-a...

Transformative visions for green industrial policy in the Global South are, unfortunately, impossible without a redesign of today's international financial architecture (IFA). In a new @cplusc.bsky.social report with @laramerling.bsky.social, we explain... 1/4 climateandcommunity.org/research/gre...

🙌🙌 Worth a read!

Some of our takeaways: 1) clever policy design can ensure that MNEs lead to positive technology spillovers to local firms, 2) this competition might hurt firms from the technological leader - effective policy must grapple with the nuanced realities of global integration. 🙌🙌 Important work here ⬇️

US multinational joint ventures in China transfer tech, raising long-term competition and harming other US firms. The over-investment hurt US workers and overall welfare, from @jaedochoi.bsky.social, George Cui, Younghun Shim, and Yongseok Shin https://www.nber.org/papers/w34284

New: @triofrancos.bsky.social joined me to discuss Extraction: The Frontiers of Green Capitalism, released through @wwnorton.com www.lastborninthewilderness.com/episodes/the...

Last week, @triofrancos.bsky.social, author of “Extraction,” joined the podcast to discuss the environmental and human-rights consequences of extraction - and why we may have overestimated the quantities of critical minerals we actually need. Listen below: www.landclimate.org/riofrancos/

Really interesting.

Thank you to all who joined us in Cologne this week for the 2nd Max Planck Summer School for Women in Political Economy! A fantastic line-up of speakers and participants, thoughtful discussions and global perspectives. Huge thanks to organizers @palmapolyak.bsky.social and @dustinvoss.bsky.social!

New report from @productivity.bsky.social worth a read! 🙌

🌍 New from The Productivity Institute: UK Trade and Productivity Across Space shows exporting is easier for firms in dense cities, while smaller regions face disadvantages. Levelling up trade access could boost productivity across the UK. 🔗 www.productivity.ac.uk/research/uk-...

Examining the recent slow growth in manufacturing productivity, from Enghin Atalay, Ali Hortaçsu, Nicole Kimmel, and Chad Syverson https://www.nber.org/papers/w34264

Out of 64 critical tech. categories (e.g. AI, robotics), "China leading in 57, while the United States leads in only 7 technology sub-categories." And at *this* crucial moment the White House is sledgehammering our high-skill immigration system, white China opens its own. itif.org/publications...

ICYMI: Join me and industrial policy guru @toddntucker.com of the @rooseveltinstitute.org to talk about my new book! Next week! Deets below 👇

After 15 months in power, the Labour Party’s promise to fix the economy has failed. Part of the problem was the narrowness of its approach

Everyone thought the metaverse would be the next big thing—it wasn't. But generative AI is plainly not the metaverse. While its full impact will only become clear with time, AI is already leaving its mark on the workplace

Read the Carbon Brief post on our article: www.carbonbrief.org/guest-post-w... The paper is open access: www.cell.com/cell-reports... Co-authors: @zhenhuazhang.bsky.social, Ziheng Zhu, Xi Lu, and Da Zhang (Tsinghua)

Excellent article by @jonasmeckling.bsky.social in @nature.com. A rich and insightful analysis the double-edged sword of the geoeconomics in green industrial policymaking spanning the galvanizing effects of global competition, to the risks of conflict and the sludge of higher input costs. 🙌🌍🌳