Learning from Trump and Xi? Globalization and innovation as drivers of a new industrial policy
Technological innovations are essential drivers of long-term and sustainable growth to ensure prosperity. Accordingly, there is currently a debate in Germany and the EU as to whether a new, strategic industrial policy can be an answer to the complex dynamics of digitisation.
Our study takes a look at the approaches of the USA and China to an innovation-promoting industrial policy and describes framework conditions for German and European industrial policy. By analyzing the historical development as well as the main characteristics and success factors of Chinese and American innovation models, the transferability of their strategies to the German and European case is discussed.