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America is facing a looming supplier pipeline challenge–but tackling it would have huge economic and social payoffs. America’s new industrial revolution is creating a procurement economy.
Industrial policy is generally defined as government action that promotes, or directly subsidizes, the health and growth of favored sectors or companies over others.
A country's infrastructure (including transportation, telecommunications and energy industry) is a major enabler of industrial policy. [6] Industrial policies are interventionist measures typical of mixed economy countries. Many types of industrial policies contain common elements with other types of interventionist practices such as trade ...
Good morning. If generative AI was the top business story of 2023, the buoyant American economy has to rank as No. 2. GDP grew at a stunning 5.2% in the third quarter, and while it likely slowed ...
Import substitution industrialization (ISI) is a trade and economic policy that advocates replacing foreign imports with domestic production. [1] It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.
Rowthorn [11] argues that Marx's theory of declining (industrial) profit may be regarded as one of the earliest explanations of deindustrialization. This theory argues that technological innovation enables more efficient means of production, resulting in increased physical productivity, i.e., a greater output of use value per unit of capital ...
Today, as industry is an important part of most societies and nations, many governments will have at least some role in planning and regulating industry. This can include issues such as industrial pollution, financing, vocational education, and labour law.
'The good news is that this is fixable,' writes JPMorgan's CEO in his annual letter.