From legislation to implementation: building a new industrial policy in the United States

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/TS.2023/185
cepal.docTypeSeries
cepal.jobNumberS2301201_en
cepal.regionalOfficeWashington
cepal.sdg9
cepal.topicEngFISCAL AFFAIRS
cepal.topicSpaASUNTOS FISCALES
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorVelloso, Helvia
dc.contributor.authorVo, Hoa
dc.contributor.authorArtecona, Raquel
dc.coverage.spatialEngUNITED STATES
dc.coverage.spatialSpaESTADOS UNIDOS
dc.date.accessioned2023-12-21T18:48:37Z
dc.date.available2023-12-21T18:48:37Z
dc.date.issued2023-12-21
dc.description.abstractThis document examines the implementation strategies and execution challenges of three major pieces of legislation that were signed into law in the United States in late 2021 and in 2022. Together they provide more than US$ 2 trillion in authorized funding and incentives for up to ten years to rebuild the country’s infrastructure, accelerate the transition to a green economy, and strengthen the domestic semiconductor industry while promoting job growth, workforce development, and equity. The scale of these laws, given the level of funding required, their complexity, given the multiplicity of goals and the many participants involved, their accountability, and the risk of inequitable implementation, with some local governments and communities not fully positioned to take advantage of the laws’ incentives, present significant challenges to their implementation. An additional challenge lies in creating the institutionality required to ensure that the changes are long-term and not subject to the cyclicality of government changes. Although mostly directed to activities within the United States, the laws’ execution is expected to influence the policies of countries around the world, including in Latin America and the Caribbean. From a worldwide perspective, these laws may create opportunities but can also leave some smaller players behind.
dc.description.tableOfContentsAbstract .-- Introduction .-- I. Striking a new balance between government support and market forces .-- II. The laws’ overall executions challenges .-- III. IRA’s implementation and execution challenges .-- IV. Opportunities and challenges for Latin America and the Caribbean .-- V. Conclusion.
dc.formatTexto
dc.format.extent61 pages.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/TS.2023/185
dc.identifier.unSymbolLC/WAS/TS.2023/7
dc.identifier.urihttps://hdl.handle.net/11362/68769
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placeWashington, D.C.
dc.relation.isPartOfSeriesStudies and Perspectives Series (Washington, DC)
dc.relation.isPartOfSeriesNo24
dc.subject.unbisEngINDUSTRIAL DEVELOPMENT
dc.subject.unbisEngINDUSTRIAL POLICY
dc.subject.unbisEngLAWS AND REGULATIONS
dc.subject.unbisEngPRODUCTIVITY
dc.subject.unbisEngSUSTAINABLE DEVELOPMENT
dc.subject.unbisSpaDESARROLLO INDUSTRIAL
dc.subject.unbisSpaPOLITICA INDUSTRIAL
dc.subject.unbisSpaLEYES Y REGLAMENTOS
dc.subject.unbisSpaPRODUCTIVIDAD
dc.subject.unbisSpaDESARROLLO SOSTENIBLE
dc.titleFrom legislation to implementation: building a new industrial policy in the United States
dc.type.coarlibro
dc.usergrouppubweb
dspace.entity.typePublication
relation.isAuthorOfPublicationfdd85708-513d-4263-967a-7317541599f3
relation.isAuthorOfPublicationca6b8c40-19df-4486-ad22-646c42aa6066
relation.isAuthorOfPublicationd825f5bc-67af-4b54-9a46-e49893de454f
relation.isAuthorOfPublication.latestForDiscoveryfdd85708-513d-4263-967a-7317541599f3
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