Challenges of Industrial Policy to Enhance Competitiveness

Charis Vlados and Dimos Chatzinikolaou

No 11-2019, DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics

Abstract: This study explores how the traditional approaches of perceiving competitiveness and industrial policy could be enriched through a synthetic and evolutionary perspective. Competitiveness, in particular, tends to be studied in the literature in a relatively fragmented way, focusing either on the level of individual nations, or on the sectors of economic activity, or on the firm level. As a result, the evolutionary structures that define competitiveness in a unified socioeconomic way are usually bypassed. In this context, the traditional approach to industrial policy-making, which has as sole objective the strengthening of specific sectors, is inadequate to enhance the multilevel socioeconomic competitiveness in our days. Therefore, we suggest a comprehensive re-positioning of the concept of "organic competitiveness" in overall and synthetic socioeconomic terms (firms-sectors-socioeconomic systems) as useful for a redirected modern industrial policy.

Keywords: Competitiveness; Industrial policy; Evolutionary link between competitiveness and industrial policy; Globalization (search for similar items in EconPapers)
JEL-codes: B52 F63 L52 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2019-06
New Economics Papers: this item is included in nep-cse, nep-hme and nep-ure
Note: Journal of Economics Library, 6(2), 83-96 (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:duthrp:2019_011

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