Industrial Policies and Political Democracy

P. Grauwe

Chapter 8 in Economic Decision-Making in a Changing World, 1993, pp 90-102 from Palgrave Macmillan

Abstract: Abstract Europe has a long tradition in activist industrial policies aimed at identifying and at stimulating industrial sectors and firms which are deemed to be important by policy makers. The instruments used in these industrial targeting programs are vast. Credit policies, subsidies of all kind, protection from outside competitors, procurement policies, nationalizations of ‘strategic’ industries have been used to create and sustain ‘national champions’.

Keywords: Foreign Firm; Industrial Policy; Domestic Firm; Trade Theorist; Export Subsidy (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11144-2_8

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DOI: 10.1007/978-1-349-11144-2_8

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