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Journal of Industry, Competition and Trade

, Volume 7, Issue 3–4, pp 147–167 | Cite as

Industrial Policy in the United States

  • Christian H. M. KetelsEmail author
Article

Abstract

Does US government policy purposefully benefit particular industries or is industrial policy absent in the USA? Based on a review of recent US policies this paper argues that the USA applies many policies with an industry-specific impact. But these policies do not differ significantly from those in other countries and the process in which US industrial policies emerge severely limits their consistency. What differentiates the USA is a microeconomic business environment that enables a high degree of regional specialization, benefits especially knowledge-driven industries, and raises the impact of innovation and entrepreneurship policies.

Keywords

industrial policy microeconomic business environment regional clusters 

JEL Classification

O38 O51 

Notes

Acknowledgement

The author would like to thank two anonymous referees for their valuable comments.

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Copyright information

© Springer Science+Business Media, LLC 2007

Authors and Affiliations

  1. 1.Institute for Strategy and CompetitivenessHarvard Business SchoolBostonUSA
  2. 2.Center for Strategy and CompetitivenessStockholm School of EconomicsStockholmSweden
  3. 3.Harvard Business SchoolBostonUSA

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