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Industrial Policy and Reshoring: Bidenomics Replaces Trumponomics
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Industrial Policy and Reshoring: Bidenomics Replaces Trumponomics
Annotation
PII
S268667300016638-1-
Publication type
Article
Status
Published
Authors
Sergei Tolkachev 
ORCID: 0000-0003-3766-2246
Affiliation: Financial University under the Government of the Russian Federation
Address: Russian Federation, Moscow
Edition
Issue 1
Pages
21-38
Abstract

The article discusses the main initiatives of the administration of President J. Biden on industrial policy and reshoring. There is a broad bipartisan nature of support for the reindustrialization of the United States. Critical arguments against the unjustified concept of the post-industrial service economy in favor of the US industrial image restoring are summarized. The main drivers of industrial policy activation, such as the national industrial base technological security and reduction of foreign supplies dependence, aggravation of the US-Chinese technological rivalry are considered. The intensification of proposals to strengthen the planned and even mobilization components during the US reindustrialization was noted. The current data on the reshoring policy results in the United States since 2010 are given. A critical analysis was carried out and the achievements and shortcomings of the Trump administration's reshoring policy were revealed.

Keywords
USA, President J. Baiden, industrial policy, reindustrialization, postindustrialism, reshoring, manufacturing, сoronavirus pandemic, unemployment rate, jobs, U.S.-China technology competition
Acknowledgment
The reported study was prepared within the framework of the state task of the Financial University on the fundamental research "Cyclical development of world economic structures".
Received
06.09.2021
Date of publication
01.02.2022
Number of purchasers
13
Views
1097
Readers community rating
0.0 (0 votes)
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S268667300016638-1-1 Дата внесения правок в статью - 31.01.2022
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