The authors discuss the controversial area of industrial policy which, after the 2008 crisis, faced the reaction that markets do not always perform optimally for society, generating a demand for new policy models. The chapter shows how the views on industrial policy have changed from a long-term perspective, with a special focus on the post-war period up to the current post-industrial society. The authors argue that industrial policies should be placed at the regional level and that small- and medium-sized regions need different policies than do large urban regions. In addition, this chapter briefly evaluates the EU’s current approach to industrial policy – the so-called smart specialisation – and sheds light on the problems related to this policy initiative.
Charlie Karlsson and Sam Tavassoli
Promoting Growth and Welfare in Times of Crisis
Edited by Charlie Karlsson, Charlotte Silander and Daniel Silander
The economic crisis has had severe and negative impacts on the EU over the last decade. This book focuses on a neglected dimension by examining European political entrepreneurship in times of economic crisis with particular emphasis on EU member-states, institutions and policies. The main focus is on the role that the political entrepreneur can play in promoting entrepreneurship and growth. It is argued that the political entrepreneur and political entrepreneurship can positively influence the conditions for entrepreneurial activity and business.