From Failure to Fortune? European Electronics in a Changing World Economy

John Zysman and Michael Borrus

The ANNALS of the American Academy of Political and Social Science, 1994, vol. 531, issue 1, 141-167

Abstract: European industrial policy for high technology must be reformulated. First, past support of producers over users has undermined producers by not creating a sophisticated market, the single most powerful industrial policy tool. Second, global trade and investment are regionalizing. Policies aimed at rejuvenating sectors such as electronics must consider that regionalization will make access to technology and markets increasingly asymmetrical. The concepts of supply base and architecture of supply clarify this understanding. Europe must not just refocus domestic support but also secure access to the supply bases of the other two regions, America and Asia.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:sae:anname:v:531:y:1994:i:1:p:141-167

DOI: 10.1177/0002716294531001011

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