Green Industrial Policy - Field Course i

Until recently, due to their laissez faire underpinnings, market economies eschewed significant and overt government planning of sector-specific incentives and investment guidance. Nevertheless, in recent years many countries with quite different economic systems have embraced programs of targeted investment in specific industries as an integral part of a long term strategy of economic development. While the rationale for fostering innovation in strategic industries has a long and venerable tradition, there are also many current and historical examples of the potential for misallocation, malinvestment and rent-seeking protectionism in the actual record of centrally planned economies. Recent Chinese advances in fostering the world’s largest investments in renewable energy, battery technology, electrified mobility, ultra-high voltage transmission and a supply chain ecosystem for automation and artificial intelligence both in deployments and manufacturing capacity may represent an extensive and illuminating example of the sustainable development potential of industrial policy. The field course will combine 5 weeks of preparatory in-person on-campus instruction followed by a 9-day field tour of instruction and visits to government agencies and companies in the renewable energy, battery technology, and electric vehicle manufacturing companies in China. This elective course will provide training for those wishing to investigate the rationale, methods, limitations and examples of targeted government intervention to encourage investment in sustainability-related industries. The syllabus will include the logic of green industrial policy, the strengths and limitations of the policy toolkit, China’s experience with 5-year plans and the details of its directed growth in key green industrial sectors, as well as lessons for other countries. The content is designed to be of interest to Sustainability Management students whose career goals will lead them to strategy & planning positions in either private corporations, government agencies or international organizations. The course will be open to a maximum of 20 students, with priority given to SUMA and MoSSS students. An intermediate course in economics at the undergraduate level is a highly recommended prerequisite.