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A US Industrial Policy For Global Health.
1Thomas J. Bollyky (tbollyky@cfr.org), Council on Foreign Relations, Washington, D.C.
Health Affairs (Project Hope)
|August 7, 2023
Summary
Global competition is not the right approach for industrial policy concerning critical health needs. A US strategy must balance domestic self-sufficiency with international collaboration for biopharmaceutical innovation and global health resilience.
Area of Science:
- Public Health
- Biopharmaceutical Industry
- National Security
Background:
- Transnational threats impact US health and national security in critical sectors.
- Biopharmaceutical innovation and resilience depend on globally distributed inputs.
- Existing industrial policy frameworks may not adequately address global health challenges.
Purpose of the Study:
- To argue against global competition as the primary strategic lens for industrial policy in critical health needs.
- To propose a targeted US strategy for biopharmaceutical innovation and global health.
- To advocate for a balanced approach combining domestic self-sufficiency and international collaboration.
Main Methods:
- Conceptual analysis of industrial policy strategies.
- Examination of transnational threats in the biopharmaceutical sector.
- Assessment of the role of international collaboration in medical technology deployment.
Main Results:
- Global competition is an inappropriate framework for addressing collective health needs.
- US health and national security interests are vulnerable to transnational issues.
- A hybrid strategy is necessary for biopharmaceutical innovation and global health.
Conclusions:
- The US requires an industrial policy specifically tailored for global health.
- Investment in domestic self-sufficiency should be prioritized where feasible and critical.
- Mobilizing international collaborations is essential for advancing medical technologies and economic resilience.
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