In this paper, we discuss the implications of the financial crisis for industrial policy. We show that despite official discourse, industrial policy has continued to exist during the liberal years of essentially the 1990s, in order to accompany important structural changes firms had to face. The crisis has led to a massive intervention of the state in the economy. However, this does not mean a return of state interventionism. In fact, the risk of the crisis is that the important debate about industrial policy that started at the beginning of the years 2000 be put in the back stage. The debate prior to the crisis was on the role of industrial policy as a long-term programme, a vision of industrial development that has to be implemented through political consensus. This important debate must continue after and beyond the crisis.
Economic Crisis and Industrial Policy
BIANCHI, Patrizio;LABORY, Sandrine
2010
Abstract
In this paper, we discuss the implications of the financial crisis for industrial policy. We show that despite official discourse, industrial policy has continued to exist during the liberal years of essentially the 1990s, in order to accompany important structural changes firms had to face. The crisis has led to a massive intervention of the state in the economy. However, this does not mean a return of state interventionism. In fact, the risk of the crisis is that the important debate about industrial policy that started at the beginning of the years 2000 be put in the back stage. The debate prior to the crisis was on the role of industrial policy as a long-term programme, a vision of industrial development that has to be implemented through political consensus. This important debate must continue after and beyond the crisis.I documenti in SFERA sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
