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America's advanced manufacturing problem and how to fix it

Industrial policy is no longer taboo in the United States.1 In the last two years, the federal government has undertaken multiple industrial‑innovation policy initiatives. The chips and Science Act of 2022 is designed to revitalize domestic production of semiconductors as well as to add an applied science directorate to the National Science Foundation (NSF) focused on advanced technologies. The Executive Order on Bio­tech and Biomanufacturing hopes to ensure that the next generation of medicines are manufactured in the United States. And the Infrastructure Act and the Inflation Reduction Act include massive investments in clean energy technologies.2 These industrial and innovation strategies are underpinned by a common vision, one centered on nurturing advanced technologies.

American Affairs     Sep 16, 2023