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Seoul Journal of Economics
[ Article ]
Seoul Journal of Economics - Vol. 27, No. 3, pp.277-305
ISSN: 1225-0279 (Print)
Print publication date 31 Aug 2014
Received 19 Jun 2014 Revised 05 Aug 2014 Accepted 06 Aug 2014

An Industrial Policy for Europe

Mario Pianta
Professor, Department of Economic Policy, University of Urbino, Università di Urbino “Carlo Bo,” Dipartimento di Economia, Società, Politica Via Saffi 42, 61029, Urbino (PU) mario.pianta@uniurb.it
Member of the Centro Linceo Interdisciplinare of the Accademia Nazionale dei Lincei, Italy’s Academy of Sciences

JEL Classification: E6, L5, O4

Abstract

After Europe’s long stagnation, a debate is emerging on how industrial capacity could be reconstructed. The article reviews current EU policies and provides the rationale for a new industrial policy at the European level. Such public action could help address current macroeconomic, industrial, innovation, cohesion and environmental problems and would be crucial for the recovery of countries of the “periphery” that have been hit hardest by the crisis. A range of proposals for organising, implementing and funding a new industrial policy ― focusing on selected economic activities ― are presented, combining action at the European, national and local levels.

Keywords:

Industrial policy, Public policy, Europe

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