Introduction to EU Industrial Policy in the Multipolar Economy: past lessons, current challenges and future scenarios

Jean-Christophe Defraigne, Edoardo Traversa, Jan Wouters and Dimitri Zurstrassen

Chapter 1 in EU Industrial Policy in the Multipolar Economy, 2022, pp 1-44 from Edward Elgar Publishing

Abstract: In this introductory chapter, we explore the recent developments and drivers towards a new industrial policy for the European Union (EU or Union) in order to better situate the more specific chapters in this volume. We first point to the progressive re-emergence of industrial policy at the forefront of the EU's agenda in the past two decades, culminating in the Von der Leyen Commission's quest for open strategic autonomy. Secondly, the very concept of industrial policy will be revisited, including rationales and theoretical and historical arguments. We then survey the various industrial policy tools, from classic horizontal to vertical and specific. Industrial policy at the EU level poses significant challenges for a variety of reasons. These include the reluctance of Member States to transfer industrial policy tools to a supranational level, but also the absence of an esprit de corps among industrialists in light of the rivalries between national business elites, the lack of centralized power over the internal market and Europe's technological dependence on the US. Finally, we outline three possible scenarios for the future of EU industrial and technological policy.

Keywords: Business and Management; Economics and Finance; Law - Academic; Politics and Public Policy (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781800372634/9781800372634.00006.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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:elg:eechap:20046_1

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().