European Industrial Policy

industrial policy

industrial policy, government-sponsored economic program in which the public and private sectors coordinate their efforts to develop new technologies and industries. Government provides the financial support and capital to the private sector by direct subsidies, tax credits, or government-run developmental banks. Industrial policy emphasizes cooperation between government, banks, private enterprise, and employees to strengthen the national economy. In the 1980s and 90s, industrial policies enjoyed some success in Germany and Japan. In the United States, such direct government involvement in business planning has traditionally been viewed with suspicion. However, the Advanced Technology Program, begun in 1990, has been instrumental in the research and development of promising, high-risk technologies. U.S. government subsidies can also be found in such areas as defense, energy, transportation, and home construction.

See R. Reich, The Work of Nations (1991).

The Columbia Encyclopedia, 6th ed. Copyright© 2018, The Columbia University Press.

European Industrial Policy: Selected full-text books and articles

European Industrial Policy: The Twentieth-Century Experience By James Foreman-Peck; Giovanni Federico Oxford University, 1999
The Expanding European Union: Past, Present, Future By Glenda G. Rosenthal; John Redmond Lynne Rienner Publishers, 1998
Librarian's tip: Chap. 7 "The Impact of Enlargement on EU Trade and Industrial Policy"
The Impact of EU Association on Industrial Policy Making By Campbell, Carolyn East European Quarterly, Vol. 35, No. 4, Winter 2001
French Industrial Policy By William James Adams; Christian Stoffaës The Brookings Institution, 1986
Competition in Regulated Industries By Dieter Helm; Tim Jenkinson Oxford University, 1998
Labour Governments and Private Industry: The Experience of 1945-1951 By H. Mercer; N. Rollings; J. D. Tomlinson Edinburgh University Press, 1992
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