Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/44861 
Authors: 
Year of Publication: 
2006
Citation: 
[Journal:] EIB Papers [ISSN:] 0257-7755 [Volume:] 11 [Issue:] 1 [Publisher:] European Investment Bank (EIB) [Place:] Luxembourg [Year:] 2006 [Pages:] 84-106
Publisher: 
European Investment Bank (EIB), Luxembourg
Abstract: 
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.
Document Type: 
Article

Files in This Item:
File
Size
363.59 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.