Panle Barwick and Myrto Kalouptsidi join Steven Davis for a lively discussion on the economics and history of the shipbuilding industry. The US dominated global shipbuilding during World Wars I and II but could not sustain its competitive position afterwards. China has come to dominate global shipbuilding in the 21st century but at great cost to its own people. Steve and his guest discuss economic and policy factors that drove these developments and draw lessons for the practice of industrial policy. Join our newsletter to get more commentary like this from leading experts on economic developments and their ramifications: https://www.hoover.org/podcasts/economics-applied?utm_source=youtube&utm_medium=description&utm_campaign=ea_youtube&utm_content=11112026 __________ 🔔 Subscribe for more discussions: @HooverInstitution 👍 Like and share this video! 🌐 Follow us on social media: • Facebook: https://www.facebook.com/HooverInstStanford • LinkedIn: https://www.linkedin.com/company/hoover-institution-at-stanford-university • Instagram: https://instagram.com/hooverinstitution • X: https://www.twitter.com/HooverInst The opinions expressed are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University. © 2026 by the Board of Trustees of Leland Stanford Junior University.