 Entry, Exit and Structural Adjustment in European IndustryChapter 6 in European Industrial Restructuring in the 1990s, 1992, pp 139-161 from Palgrave Macmillan Abstract: Abstract The view that European industry ought to be more competitive than it is seems to be fairly widely held, but it is rather less clear what might be done about it. One fairly venerable tradition of thinking has it that European industry will never achieve its full competitive potential until major restructuring occurs. The European problem, in this diagnosis, is that a large internal market artificially fragmented into a series of semi-independent national markets has perverted industrial structure, creating too many inefficient, small-scale production units that would not, in the absence of protection, have proved to be viable. More generally, Europe’s problem, it is argued, arises from the fact that protected national markets often fail to provide adequate incentives for firms to develop new products, or to concern themselves much with the real needs of consumers. These concerns have, of course, played a prominent feature in the discussions surrounding 1992 (see Cecchini, 1988, and, for a critical view, Geroski, 1989), and, at least for this reason alone, are worthy of serious consideration. Keywords: Market Share; Small Firm; Exit Rate; Entry Rate; Firm Entry (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12582-1_6 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-12582-1_6 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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