Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/330928 
Year of Publication: 
2025
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 60 [Issue:] 5 [Year:] 2025 [Pages:] 261-265
Publisher: 
Paradigm Publishing Services, Warsaw
Abstract: 
Industrial policy has returned to the centre of global economic debate. Once dismissed as inefficient, government intervention is now seen as vital for addressing climate change, technological competition and supply chain vulnerabilities. Yet the rise in uncoordinated national strategies risks fuelling new trade conflicts and economic fragmentation. This article argues for a cooperative global framework that allows legitimate industrial policies while limiting harmful protectionism. It identifies three main policy areas - national security, industrial development and coordination for the net-zero transition - and discusses potential principles for transparent, time-limited and performance-based support. Establishing such rules could help reconcile national ambitions with international cooperation and preserve open markets wherever they are efficient.
JEL: 
F02
F13
O25
Q56
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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