Made in America or making America pay?
Alternatives to industrial policy for semiconductor supply chain resilience.
Alternatives to industrial policy for semiconductor supply chain resilience.
Demand-led industrial strategies can be highly effective, but need to be carefully designed and implemented to avoid possible pitfalls.
As most countries experience COVID-19 related lockdowns, there are concerns about both the present and the future of global supply chains.
Integration of manufacturing firms in global value chains offers opportunities for countries to raise employment, exports and productivity.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.