Competition, Spatial Location of Economic Activity and Financial Issues
- Elgar original reference
Edited by Miroslav N. Jovanović
Chapter 2: European Industrial Policy: Perspectives, Trends and a Sustainability-focused New Framework
2 European industrial policy: perspectives, trends and a sustainability-focused new framework Christos N. Pitelis and Pellumb Kelmendi* 1 INTRODUCTION The aim of this chapter is to critically assess existing perspectives on industrial and competition policies by paying particular attention to the policies of the European Union (EU). We explore the idea that non-neoclassical economics views have now achieved an almost mainstream status within EU policy circles. We claim that this is a step in the right direction, but also that more progress can be made. This requires strengthening extant knowledge on the issue of industrial policy (IP). This chapter is structured as follows. Section 2 discusses alternative perspectives on competition and industrial policies. Section 3 discusses international practice, especially European IPs, in the context of new trends. Section 4 sketches a novel conceptual framework and explores its implications for current European policies. Finally, Section 5 concludes. 2 INDUSTRIAL AND COMPETITION POLICY: ALTERNATIVE PERSPECTIVES The term ‘industrial policy’ refers to a set of measures taken by a government that aim to influence a country’s industrial performance towards a desired objective and the measures taken to implement this objective.1 Competition (or anti-trust in the USA) policies (CPs) refer to the stance governments adopt towards competition and cooperation between firms in industries, and the measures they take to implement their objectives. CPs usually attempt to influence the degree of competition or monopoly in industries, such as, for example, the car industry. Most government measures and policies affect industry one way or the other....
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.