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Intereconomics

, Volume 50, Issue 3, pp 120–155 | Cite as

Which Industrial Policy Does Europe Need?

  • Mariana Mazzucato
  • Mario Cimoli
  • Giovanni Dosi
  • Joseph E. Stiglitz
  • Michael A. Landesmann
  • Mario Pianta
  • Rainer Walz
  • Tim Page
Forum

Abstract

One lesson of the Great Recession has been that countries with higher shares of industry in their GDP seemed to be less affected by the crisis. Consequently, the call for an industrial renaissance has become stronger. Industrial policy has now become a top priority in countries where it was not explicitly considered in the past. A strong EU-wide industrial policy is expected to foster growth and job creation. However, cultivating industrial development is a complex challenge. This Forum addresses the steps that need to be taken to create a new European industrial policy. What are the structural challenges that need to be addressed? What are the instruments of the EU’s industrial policy? And should the EU be engaged in picking winners, or is the market better at making such judgements?

Keywords

Industrial Policy European Central Bank Green Technology Intellectual Property Right Leibniz Information 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© ZBW and Springer-Verlag Berlin Heidelberg 2015

Authors and Affiliations

  • Mariana Mazzucato
    • 1
  • Mario Cimoli
    • 2
    • 9
  • Giovanni Dosi
    • 3
  • Joseph E. Stiglitz
    • 4
  • Michael A. Landesmann
    • 5
    • 10
  • Mario Pianta
    • 6
  • Rainer Walz
    • 7
  • Tim Page
    • 8
  1. 1.University of SussexBrightonUK
  2. 2.Ca’ Foscari University of Venice, ItalySantiagoChile
  3. 3.Scuola Superiore Sant’AnnaPisaItaly
  4. 4.Columbia UniversityNew YorkUSA
  5. 5.Vienna Institute for International Economic Studies (wiiw)ViennaAustria
  6. 6.University of UrbinoRomaItaly
  7. 7.Fraunhofer Institute for Systems and Innovation Research ISIKarlsruheGermany
  8. 8.Trades Union CongressLondonUK
  9. 9.Economic Commission for Latin America and the CaribbeanSantiagoChile
  10. 10.Johannes Kepler UniversityLinzAustria

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