Why the United States Needs Government-Supported Innovation

Professor Chatterji says national security concerns, supply chain resiliency and climate transition are driving American industrial policy

, Industrial policy, or using government funds to spur homegrown innovation, has been a feature of most countries’ economic playbooks for decades. But in the U.S., government support for critical national industries fell out of fashion in the 1990s, said Professor Aaron “Ronnie” Chatterji of Duke University’s Fuqua School of… read more