European Industrial Policy: The Twentieth-Century Experience

Hardcover | August 19, 1999

EditorJames Foreman-Peck, Giovanni Federico

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At the end of the 20th century with stagnating industrial output, unemployment in many European countries has climbed to levels not seen since the 1930s. Interventionist industrial policies thus find new popularity after the gentle flirtation with liberalization in the early 1990s. Under theMaastricht Treaty, the European Union was granted industrial policy powers for the first time. The present study aims to contribute to an understanding of European industrial policy by introducing an historical perspective. National policy continuities and the considerable time over which industrial performance responds to changed environments emerge with greater clarity in the long run. Thechapters in this book take a broad view of industrial policy, including those policies that establish the `framework', such as competition law, as well as sector for firm specific policies. The overall conclusion is that improved framework policies, such as liberalization and re-regulation, are still essential. Monetary union in the `core' will increase tensions arising from economic inflexibility. Although there are often strong political barriers blocking implementation ofappropriate industrial policies, they will be even more necessary under monetary union.

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At the end of the 20th century with stagnating industrial output, unemployment in many European countries has climbed to levels not seen since the 1930s. Interventionist industrial policies thus find new popularity after the gentle flirtation with liberalization in the early 1990s. Under theMaastricht Treaty, the European Union was gra...

Dr James Foreman-Peck teaches economics and economic history at the University of Oxford and is Fellow of St Antony's College. He has previously been a practising economist in the electricity supply industry, has taught economics and economic history at the University of California, Davis, and has been a Professor of Economic History ...
Format:HardcoverPublished:August 19, 1999Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198289987

ISBN - 13:9780198289982

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Table of Contents

1. Giovanni Federico and James Foreman-Peck: Industrial Policies in Europe: Introduction2. James Foreman-Peck and Leslie Hannah: Britian: From Economic Liberalism to Socialism - And Back?3. Jean-Pierre Dormois, University of Montpellier: France: The Idiosyncrasies of Volontarisme4. Wilfried Feldenkirchen: Germany:The Invention of Interventionism5. Giovanni Federico and Renato Giannetti: Italy: Stalling and Surpassing6. J. Bohlin: Sweden: The Rise and Fall of the Swedish Model?7. Jan L. van Utrecht: The Netherlands: The History of the Empty Box?8. Luc Hens and Peter Solar: Belgium: Liberalism by Default9. Eoin O'Malley: Ireland: From Inward to Outward Policies10. Pedro Bablin: Spain: Industrial Policy under Authoritarian Politics11. Joao Confraria: Industrialization and Backwardness12. Ioanna Peplasis Minoglou: Greece: From Rent-Seeking Protectionism to Direct Intervention13. Christopher Mark Davis: Russia: A Comparative Economic Systems Interpretation14. Mark Casson: A Cultural Theory of Industrial Policy15. James Foreman-Peck and Giovanni Federico: European Industrial Policy: An Overview

Editorial Reviews

`this volume has two great merits: it provides a collection of case studies constructed along the same line of discussion themes, thus facilitating comparative analysis, and it offers a synthesis of a great deal of literature unavailable in English. Undoubtedly, the book has fulfilled its askof rendering the future writing on the history of European industrial policy more manageable.' Francesca Fauri, EH.Net, April 2000.