Theoretical foundations of industrial policy

Artikel

Highlighting the revival of industrial-policy thinking in an era of globalisation and disenchantment with free trade, this paper reviews alternative and, in part, competing theoretical foundations of industrial policy: neoclassical foundations, structuralist approaches, and pragmatic approaches inspired by new growth and development theories. One of the main conclusions is that the industrial-policy debate is no longer between advocates of horizontal and vertical policies, but between those who deny any potential for state intervention to make economies more dynamic and those who seek to clarify the specific conditions for appropriate intervention. Another salient conclusion is that state intervention is especially important in a knowledge-based economy, as witnessed by successful industrial policies in - for instance - the United States, Germany and France, and Finland.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: EIB Papers ; ISSN: 0257-7755 ; Volume: 11 ; Year: 2006 ; Issue: 1 ; Pages: 84-106 ; Luxembourg: European Investment Bank (EIB)

Classification and Topics

• Classification: Wirtschaft
• Subject: Industriepolitik ; Theorie ; Deutschland ; Frankreich ; Finnland ; USA

Contributors, Location and Time

• Event: Geistige Schöpfung
• (who): Cohen, Elie
• Event: Veröffentlichung
• (who): European Investment Bank (EIB)
• (where): Luxembourg
• (when): 2006

Further information

• Handle: http://hdl.handle.net/10419/44861
• Last update: 20.09.2024, 8:24 AM CEST