Industrial Policies and Economic Integration: Learning from European Experiences

Industrial Policies and Economic Integration: Learning from European Experiences

Industrial Policies and Economic Integration: Learning from European Experiences

Industrial Policies and Economic Integration: Learning from European Experiences

Synopsis

This volume looks at the role industrial policies play in the context of European integration. A new range of policies for regional integration are developed, aimed at allowing a new common market to effectively enter the global market-place.

Excerpt

This book studies the nature and role of industrial policies—i.e., what they are and what they are for—in the context of regional integration agreements such as customs unions and the more complex economic unions. in particular, it concerns itself with the industrial policies implemented by the European Community after the new impetus given to integration beginning with the 1985 White Paper, and which has continued to be provided by the Single European Act of 1987, the Treaty on the Union signed at Maastricht in 1992, and the Turin Intergovernmental Conference of 29 March 1996. the latter also made a start in outlining the Union’s ambitions beyond the new century.

Our particular focus can be defined as the design and implementation of instruments to accelerate the process of industrial and corporate adjustment to an increased extent of the market, given by the decision of nation-states to integrate themselves within a transnational context regulated by a political agreement. This problem is not strictly European, but it concerns all the experiences of economic integration emerging around the world, from Nafta to Mercosur, to the various experiments looking to reaggregate the independent states of the former Soviet Union. Nevertheless, Europe pioneered and experienced the most articulated and advanced case of economic integration. Thus, this book has the ambition of offering suggestions not only for further development of this European experience but also to those who are currently embarking upon new experiences of aggregation at the territorial level connected to regional integration agreements.

We will state straight away that by ‘industrial policy’ we mean a variety of public actions aimed at directing and controlling the process of the structural transformation of the economy. the basic assumption is that the process of industrialisation serves as a guide for the whole process of transformation of the economy, and that by acting on such a process, therefore, it is possible to orient the more general mechanism governing the structural transformation of the country. According to this definition, industrial policies are deeply rooted in the consolidation of the modern state and the

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