Industrial Policy & Economic Security Conference: Session 4

Robert Zoellick delivers remarks on industrial policy, drawing from historical examples and his own experiences in government. He cautions against excessive government intervention, protectionism, and the expansion of executive power, advocating for sound macro policies, support for science and R&D, and open markets. Zoellick critiques specific policies related to semiconductors and green tech, emphasizing the importance of disciplined objectives and spending offsets. A Q&A session follows, where Zoellick elaborates on national security exceptions, China's Belt and Road Initiative, and the balance between economic integration, democratic decision-making, and national sovereignty. He expresses skepticism about the effectiveness of industrial policy and urges a rational approach to international relations.