For nearly four centuries, Americans have debated the government's proper role in developing the economy. Some argue that the economy develops the best when government intervenes the least. Others counter that the economy best develops when government and business work together to that end. A Short History of American Industrial Policies analyzes the ideological, political, and industrial policy struggle from the colonial era to the 1990s. To give a complete understanding, both the chronology and process of America's industrial policymaking and policies are explored in depth throughout.

For nearly four centuries, Americans have debated the government's proper role in developing the economy. Some argue that the economy develops the best when government intervenes the least. Others counter that the economy best develops when government and business work together to that end. That debate is actually quite sterile and ironic. As this history makes clear, since the federal government was first instituted, it has picked winners and losers, favoring some industries, firms, regions, cities, and technologies, and neglecting others. Politics and pressure groups rather than strategic planning determine America's mix of industrial policies. Throughout the nations' history, an economic development and security usually determined whether or not it was nurtured. Even those who advocate the free market tend to make an exception when the government enriches their own special interests. This book analyzes the ideological, political, and industrial policy struggle from the colonial era to the 1990s.

Industrial policy is making a comeback in the United States. It is more urgent than ever to understand how and whether industrial policy has worked to strengthen the US economy. This study analyzes and scores 18 US industrial policy episodes implemented between 1970 and 2020, in an effort to assess what went right and what went wrong—and how the current initiatives might fare. The Peterson Institute for International Economics gratefully acknowledges the support of the Koch Foundation for this project.

This eleventh edition was developed during the encyclopaedia's transition from a British to an American publication. Some of its articles were written by the best-known scholars of the time and it is considered to be a landmark encyclopaedia for scholarship and literary style.

How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.