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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 4: New modes of interacting on markets: online platforms

Patrizio Bianchi and Sandrine Labory

Extract

Chapter 4 goes deeper in the analysis of the effects of digitalisation and hyperconnection, by focusing on the new market intermediaries, online platforms. Their boom in recent years is analysed, as well as their disrupting effects on certain industries. The economic analysis of platforms is reviewed. In terms of impact on industry and policy implications, the new issues raised in terms of privacy and especially market power are outlined, claiming that further reflection is needed to avoid monopolisation.

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