Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/339490 
Year of Publication: 
2025
Series/Report no.: 
EIQ Paper No. 191
Publisher: 
London School of Economics and Political Science (LSE), European Institute, London
Abstract: 
This paper examines the evolving relationship between EU Cohesion and Industrial Policy, focusing on how the latter's shift towards macro-level missions-such as decarbonisation and strategic autonomy-undermines territorial cohesion and regional convergence. Reviewing the evolution and theoretical foundations of both policies, we show how Industrial Policy's departure from its foundational ideas has created a divergence of previously convergent imperatives. Empirical evidence reveals that mission-oriented initiatives disproportionately benefit advanced regions, potentially reinforcing spatial inequalities. We conclude with policy recommendations to better align strategic objectives with territorial cohesion, ensuring balanced regional development is not sacrificed for broader economic and geopolitical ambitions.
Subjects: 
Cohesion Policy
EU Industrial Policy
strategic autonomy
regional development
JEL: 
R58
R11
O25
O52
F50
Document Type: 
Working Paper

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