National Security, Industrial Policy, &

Prerequisites: Instructor-Managed Waitlist & Course Application. Industrial policy is returning, and this is not just a US phenomenon  China, the European Union (EU), Japan, and Korea have each increased subsidies in support of key industries, while a number of countries, such as Australia and the United Kingdom (UK) have been updating their national lists of sensitive sectors that are required to remain in the hands of domestic firms and individuals  New export control measures have been introduced by the United States and other nations, and a combination of legal and policy tools are being utilized to support priority sectors, limit, and direct foreign investment and collaboration, and alter trade and investment flows  Most of these measures have been introduced in the name of national security or some combination of national security, supply chain resilience, and climate change  The significant US measures have introduced tension between the US and some of its allies, and of course, geopolitical tensions with China are a significant feature of the background to the measures—even as the world community finds it hard to get together and address the global challenges that it is now facing (climate change etc.)  Against this background, this year’s international trade regulation seminar will examine  the root causes of this phenomenon, the legal and policy instruments that are being utilized by the US and other jurisdictions, and more generally the consequences for the world trading system and multilateral cooperation  The seminar will be composed of a mixture of SIPA and CLS students.