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A New Emerging U.S. Trade and Technology Policy?

Author

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  • Atkinson, Robert D.

    (Information Technology and Innovation Foundation)

Abstract

Since the end of WWII, the United States was the leading force globally for free trade. Since the early 1980s, it was also the leading force for laissezfaire economics, promoting the “Washington Consensus” of limited government and free markets, both at home and abroad. That era has ended. The United States now sees itself as in intense competition for high valueadded production with other nations, especially China. And many in both parties now see some kind of national competitiveness strategy, including policies to support advanced industries, as a critical component of U.S. economic policy. This change is not temporary—the result of a particular president in the White House—rather, it is long-term and structural. As such, other nations will need to recalibrate their thinking about U.S. trade and economic policy.

Suggested Citation

  • Atkinson, Robert D., 2022. "A New Emerging U.S. Trade and Technology Policy?," Research Papers 22/11, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kietrp:2022_011
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    More about this item

    Keywords

    U.S. Economic Policy; Washington Consensus; Free markets; Free trade;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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