Forbes contributors publish independent expert analyses and insights. I’m an economist studying cities and states and their importance in the economy, focusing on their policies, finances and budgets.

In my essay yesterday, “Why populist economics is bad: trade protectionism edition,” I dug into a new study that documents why recent US protectionist policies have failed to deliver on their promises ...

The bank published a report in 1993 which helped disparage industrial policy. Governments were instead encouraged to let ...

It's not particularly surprising that President Joe Biden has become a de facto champion of industrial policy, with his National Economic Council director calling for a "modern industrial strategy" ...

The Art of the (Government) Deal: President Trump is cutting deal after deal with major corporations. Here, Trump listens as Nvidia CEO Jensen Huang speaks during an event about investing in America ...

In an op-ed published this week by The Washington Post, Sen. Marco Rubio (R–Fla.) makes the case for why conservatives ought to support top-down industrial policy set by the federal government—and, ...

President Joe Biden has placed his economic record at the heart of his bid for reelection. His State of the Union address in March emphasized the achievements of his administration. “I inherited an ...

Réka Juhász is a professor of economics at the University of British Columbia, and she studies what's known as industrial policy. That's the general term for whenever the government tries to promote ...

Industrial policy was a punching bag for economists for decades. Governments couldn’t possibly know enough to pick winners and losers, economists averred. And even if policymakers did know, special ...

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In recent weeks and months, Donald Trump’s administration has supplemented its globe-spanning tariffs with bespoke industrial policy deals with U.S. corporations. These include the federal government ...