Skip to main content
SpringerLink
Log in

Industrial policy in an interdependent world

Promoting national markets or global firms?

  • Industrial Policy
  • Published:
Intereconomics

Abstract

In Europe and North America there are increasing calls for an industrial policy that would foster innovation and technological development. The advocates of industrial policy warn that without active government support national firms will succumb to unfair foreign competition and that there will be an irreversible weakening of their technological capacity. OECD countries already spend 2–3% of their GDP on direct subsidies to industrial production, investment and R&D. Is more public spending justified especially now that capital is needed for the reconstruction of Eastern Europe?

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

References

  1. Cf. OECD: Industrial Policy in OECD Countries: Annual Review, Paris 1991.

  2. D. Julius: Foreign Direct Investment: The Neglected Twin of Trade, Occasional Paper 33, Group of Thirty, London 1991.

  3. UNCTC: Foreign Direct Investment in the Triad, New York 1991; I. Akimune: Japan’s Direct Investment in the EC, in: M. Yoshitomi: Japanese Direct Investment in Europe, London 1991.

  4. UNCTC, op. cit. Foreign Direct Investment in the Triad, New York 1991; Economic Papers 30, Basle 1991.

  5. S. Thomsen: Integration through Globalisation, in: National Westminster Bank Quarterly Review, February 1992, pp. 73–83.

  6. Cf. I. Akimune, op. cit. Japan’s Direct Investment in the EC, in: M. Yoshitomi: Japanese Direct Investment in Europe, London 1991.

  7. Cf. UNCTC, op. cit. Foreign Direct Investment in the Triad, New York 1991

  8. J. Hagendoorn: Organisational Modes of Inter-firm Cooperation and Technology Transfer, in: Technovation, Vol. 10, 1990, pp. 17–30.

  9. J. Hagendoorn and J. Schakenraad: New Explorations in the Economics of Technical Change, London 1990.

  10. For a review of the arguments cf. D. Richardson: The Political Economy of Strategic Trade Policy, in: International Organisation, Vol. 44, 1990, pp. 107–23.

  11. J. Cantwell and J. Dunning: MNEs, Technology and the Competitiveness of European Industries, in: Außenwirtschaft, Vol. 46, 1991, pp. 45–65.

  12. D’Andrea L. Tyson: Managed Trade, in: R. Lawrence and C. Schultze: An American Trade Strategy, Washington, DC 1990.

Download references

Author information

Authors and Affiliations

  1. European Institute of Public Administration, Maastricht, The Netherlands

    Phedon Nicolaides

Authors
  1. Phedon Nicolaides
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

About this article

Cite this article

Nicolaides, P. Industrial policy in an interdependent world. Intereconomics 27, 269–273 (1992). https://doi.org/10.1007/BF02928059

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1007/BF02928059

Keywords

Search

Navigation