Controversies on EC Industrial Policy

Industrial Policy

[Development, health-industrial complex and industrial policy].

This paper puts health questions within the context of national development and industrial policy. It follows the idea of structuralist, Marxist and Schumpeterian approaches, in which industry and innovations form determining factors for the dynamism in capitalist economies and relative positions within the world economy. All countries that have developed and started to compete under better con...

Industrial Policy and Growth

Introduction The paper will review the impact of industrial policy on growth in developing countries from the 1960s until the present. This is a propitious time to conduct such an assessment. Within policy-making and academic circles, extremely critical views of state intervention in general, and industrial policy in particular, are no longer as dominant, and have given way to more nuanced appr...

Can Industrial Policy Be Good Policy

Can industrial policy be market-ensuring (e.g. via antitrust or enforcement of property rights) and market-conforming (non-distorting)? Can it provide a political second-best solution by creating a smaller market distortion to prevent a larger one that results from political ferment? This paper explores issues of the definition of industrial policy, discusses market failure vs. government failu...

RETHINKING INDUSTRIAL POLICY bruegel policybrief

Our new evidence on the effectiveness of government intervention should lead policymakers to revisit industrial policy. If the EU is to grow and compete globally, there is a case for the European Commission to allow national or EU sectoral aid, if it is appropriately designed and governed to encourage the redirection of innovation and production. Horizontal support and sectoral aid for upstream...