Subsidy wars and modern industrial policy

Kenneth A. Reinert

No 402, Columbia FDI Perspectives from Columbia University, Columbia Center on Sustainable Investment (CCSI)

Abstract: Traditional economic nationalism, techno-nationalism and national security concerns have converged into a modern industrial policy, which is being pursued by multiple actors, including the US, China, India, Republic of Korea, and the EU. Driven by new subsidy wars, these policies pose a tremendous challenge for global economic relations.

Date: 2025
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