ChinaTalk Industrial Icebreaker Policy
Aug 13, 2024
William Henagan and Robert Obayda, directors at the NSC, share their expertise on the intersection of industrial policy and national security. They discuss the strategic collaboration between Canada, Finland, and the U.S. on icebreakers, emphasizing their critical role in the Arctic. The conversation touches on why cranes are vital for national security and the significance of positive incentives in American industrial policy. They also explore the geopolitical implications of the global shipbuilding industry, highlighting the need for cooperative approaches to maintain competitive advantage.
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Resilience over Dominance
- Industrial policy prioritizes resilience in sectors like cranes and icebreakers.
- This ensures critical supply chain diversity and shock resistance.
Affirmative Economic Statecraft
- The US government excels at restrictive economic tools but needs to develop affirmative ones.
- Affirmative tools, like incentives for private sector investment, are crucial for effective industrial policy.
Crane Carrots and Sticks
- Regulations and tariffs on Chinese cranes created a market gap.
- The US incentivized allies like Japan to fill this gap, boosting domestic production.