gton and decide which companies to support and which to jettison à .ö In point of fact, however, the United States does, indeed, either (1) have specific policies, or (2) has taken specific action in each of the areas which define the term industrial policy. Indeed, Robert Reich, a professor at the Harvard Business School, stated flatly that the United States does have an industrial policy. American industrial policy, unlike that of JapanÆs or GermanyÆs, however, is mostly uncoordinated, and is often shrouded in rhetoric to disguise its true character. By contrast, industrial policy in Japan and Germany is overt and recognizable as such. In both Japan and Germany, government is an active partner along with industry and finance in the coordination of industrial planning. A coordinated plan is developed and implemented to attain specified long-term goals. This type of coordination and planning is absent in the United States; thus, the contention that the country has not industrial policy.
American industrial policy is found in tax incentives for busine
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