 Recent Transformation of the U.S. EconomyHyeong-ki Kwon ()
Chapter Chapter 4 in Openness and Coordination, 2024, pp 79-117 from Springer Abstract: Abstract Since the late 2010, the U.S. has shown signs, albeit weakly, of reviving its manufacturing industry and innovation ecosystem. This chapter examines to what extent the recent U.S. revival policy differs from its traditional neoliberal free-market model, and how and why the U.S. can transform its economic policy. Against the background of the decline of U.S. industries in the course of uncoordinated finance-led offshoring, the U.S. has shifted from traditional neoliberalism to state-led industrial development, while neoliberalism is losing its grip on the U.S. public mind. Three main alternatives to neoliberalism, including New Progressivism, Conservative Populism, and National Developmentalism, share common interests in the state’s active developmental role to revive U.S. industries, despite differences in their policy priorities. Due to their efforts, societywide support for industrial policy has spread. Keywords: The U.S.; Growth strategy; Industrial policy; Neoliberalism; Industrialism; National Developmentalism; Hamiltonians; Conservative Populism; New Progressivism (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-3352-1_4 Ordering information: This item can be ordered from DOI: 10.1007/978-981-97-3352-1_4 Access Statistics for this chapter More chapters in Springer Books from Springer |
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