How to Institutionalise European Industrial Policy (for Strategic Autonomy and the Green Transition)

Olimpia Fontana and Simone Vannuccini

Journal of Industry, Competition and Trade, 2024, vol. 24, issue 1, No 17, 30 pages

Abstract: Abstract We present some ideas on the tools and financing of a truly supranational industrial policy in the European Union (EU). We begin by reviewing the evolving rationales for and attitudes towards industrial policy, and highlight the growing acceptance of a pro-active role of the State in the economy as a response to external challenges of global scale and transformative impact. At this historical juncture, a polycrisis and a permacrisis are reshaping globalisation, fuelling rivalries and interventions aimed at increasing autonomy and sovereignty over strategic assets as well as to facilitate the green transition. The EU can institutionalise a permanent European industrial policy through the establishment of instruments characterised by a pure European public good nature. We suggest a framework fund on the model of NextGenerationEU package, featuring the ‘Europeanisation’ of the Important Projects of Common European Interest and better designed centrally managed programmes. We underline the importance of linking the design of industrial policy with the discussion of the EU’s own resources.

Keywords: European Sovereignty Fund; European Union; Green transition; Industrial policy; IPCEI; Strategic autonomy (search for similar items in EconPapers)
JEL-codes: F60 H41 H87 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10842-024-00429-2 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jincot:v:24:y:2024:i:1:d:10.1007_s10842-024-00429-2

Ordering information: This journal article can be ordered from
http://www.springer. ... on/journal/10842/PS2

DOI: 10.1007/s10842-024-00429-2

Access Statistics for this article

Journal of Industry, Competition and Trade is currently edited by Karl Aiginger, Marcel Canoy and Michael Peneder

More articles in Journal of Industry, Competition and Trade from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().