After a long dormant period, industrial policy is back and dramatically reshaping global manufacturing.
Countries are increasingly vying for leadership in advanced-technology industries. In this quest, it’s important countries avoid zero-sum, “innovation mercantilist” policies—such as IP theft, forced technology transfer, or excessive industrial subsidization—that confer unfair, non-market-based advantages for domestic competitors. GTIPA reports here examine innovation mercantilism and its global economic effects.