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MARCH 13, 2025 |
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Harvard Kennedy School | | | |
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Industrial policy has enjoyed a resurgence after decades of criticism. HKS scholars weigh in on how it can drive prosperity and what role protectionism could play. (Brandon Bell/Getty Images) | | |
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Development & Economic Growth |
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The rise of industrial policy, green growth, and Trump’s tariffs |
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Broadly defined as efforts by governments to shape their economies by targeting specific industries, companies, or economic activities—think the CHIPS and Science Act—industrial policy has enjoyed a resurgence after decades of criticism by market-centric economists as being inefficient and prone to abuse. In an article and PolicyCast episode, HKS scholars weigh in on how active government approaches blending markets and smart planning can drive prosperity and the clean energy transition, and what role protectionism could play.
Learn more about Development & Economic Growth at HKS » | | |
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Development & Economic Growth |
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The international development sector at a crossroads |
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The Trump administration’s deep cuts to U.S. foreign aid were first announced in an executive order that said the “U.S. foreign aid industry and bureaucracy are not aligned with American interests” and “serve to destabilize world peace.” The moves have affected tens of thousands of workers inside and outside the federal government, and millions around the world who depend on U.S. funds for everything from daily food rations to vaccines to economic development assistance. In a recent article, HKS scholars—all affiliated with the Harvard Center for International Development—explained the issues, challenges, and opportunities presented by the changes in the world of international aid and development economics. The future of American foreign aid is also the focus of an ongoing series of discussions organized by CID, featuring government leaders, policymakers, and NGO experts.
Learn more about Development & Economic Growth at HKS » | | |
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Democracy & Governance |
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HKS experts see an unprecedented challenge to the rule of law |
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The Trump administration’s first weeks have included a slew of actions and statements that have postulated new legal theories and challenged existing norms. The White House seems to be assuming powers that have historically been vested in Congress—including around spending and the control of federal agencies—and appears to be guided by a legal doctrine, known as unitary executive theory, that contends the president’s authority has few legal limits. HKS faculty analyzed the administration’s actions, the role of courts and Congress, and whether we are approaching a constitutional crisis.
Also see: Maya Sen on the limits of the U.S. court system.
Learn more about Democracy & Governance at HKS » | | |
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