Tech in the News: Buy America Order Could Worsen Medical Supply Shortages, Economists Say
Posted May 12, 2020
External Article: Marketplace
Christine Ries, professor in the School of Economics, was quoted in the segment "Buy America Order Could Worsen Medical Supply Shortages, Economists Say," in Marketplace on May 12, 2020.
A "Buy America" order from the federal government could result in shortage of certain medical goods, some economists fear, as well as raise prices. However, there are some in the field, including Ries, who see a way to make the order feasible and productive.
But other economists, like Christine Ries, professor of economics at the Georgia Institute of Technology, would be OK with a Buy America order if it included price controls in exchange for subsidies or tax breaks.
“The company would have to certify that yes, this was Buy American and yes they were keeping the price at the same level as when China was supplying,” Ries said.