Industrial policy in France: in search of lost time
Philippe Mustar ()
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Philippe Mustar: MINES ParisTech, PSL Research University
Economia e Politica Industriale: Journal of Industrial and Business Economics, 2016, vol. 43, issue 3, 305-313
Abstract The article is a contribution to the debate on industrial policy launched by this special issue. It considers that before the question of industrial policy can be tackled, it is crucial to identify what is wrong with industry today, and which causes 21st-century industrial policy should deal with. The paper documents why the deficit of manufactured goods in the French trade balance is a major problem. It shows that the ability to maintain robust industrial capacity on French soil means to keep a capacity to innovate. It goes on to present several horizontal and vertical instruments used by public authorities to try to boost the competitiveness of French industrial companies, or to “reindustrialize the country”. These numerous actions raise the question of the state’s strategic vision of industrial policy. Aligning macroeconomic and sectorial policies stays a major challenge.
Keywords: Industrial policy; Manufacturing industry; Innovation; France (search for similar items in EconPapers)
JEL-codes: E6 L5 O4 (search for similar items in EconPapers)
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Economia e Politica Industriale: Journal of Industrial and Business Economics is currently edited by C. Cambini, M.G. Colombo, L. Piscitello, L. Rondi and A. Zanfei
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