State Planning For years the term industrial policy was anathema to the Washington consensus that markets work best. Now USTR Katherine Tai is calling for a new industrial policy to match a transforming global economy. If you can’t fight the Chinese model and get Beijing to change, the U.S. is instead joining the central planning of the communist party. She also believes there is a compromise with trading partners on the new EV subsidies though the solution is unclear. The Biden Administration knows that green subsidies for solar enabled other countries to supply the cheapest solar panels available. But they want EV’s to be produced in the U.S., or at least only partially supplied by countries with which there is a free trade a...
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.