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Industrial Policy for the Manufacturing Revolution

Perspectives on Digital Globalisation

Patrizio Bianchi and Sandrine Labory

This book offers a critical reflection on the meaning and expected impact of the fourth industrial revolution, and its implications for industrial policy. Industrial revolutions are considered not only in terms of technological progress, but also in the context of the changing relationship between market and production dynamics, and the social and political conditions enabling the development of new technologies. Industrial Policy for the Manufacturing Revolution aims to increase our capacity to anticipate and adapt to the forthcoming structural changes. A concrete illustration of this industrial policy is provided through an experience of its implementation at regional level.
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Chapter 5: A concrete experiment of industrial policy for the manufacturing revolution

Patrizio Bianchi and Sandrine Labory

Extract

Chapter 5 puts together the analysis carried out in previous chapters to discuss the industrial policy implications of the fourth industrial revolution. The main idea is that manufacturing revolutions call for comprehensive industrial policy. A focus is made on industrial policy at the regional level, and it is shown, through the experience of the Emilia-Romagna region in Italy, that regions have a role to play in designing and implementing comprehensive industrial policies effective in preparing their industries and population for the industrial revolution. It is argued that in times of important change the objective of industrial policy should be resilience, namely the capacity of the economy and the society to adapt.

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