Searching for the Role of the State – Why Industrial Policy Has Made a Comeback?

Jyrki Ali-Yrkkö

No 165, ETLA Brief from The Research Institute of the Finnish Economy

Abstract: Abstract After several decades, Finland has released an industrial policy strategy, joining other European nations such as Germany, Italy, and the United Kingdom in doing so. We compare the arguments put forward by countries regarding the necessity of such a strategy. Geopolitical tensions are a common concern, as are international dependencies that could jeopardize national security. Additional justifications related to market failures include state aid competition and the clean transition or reduction of greenhouse gas emissions. Unlike the other three countries, the UK’s strategy emphasizes seeking opportunities rather than merely addressing problems and challenges.

Keywords: Business affairs policy; Industrial policy; Motives; Geoeconomics; Geopolitics (search for similar items in EconPapers)
JEL-codes: H25 L52 L53 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2025-11-12
New Economics Papers: this item is included in nep-eur
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.etla.fi/wp-content/uploads/ETLA-Muistio-Brief-165.pdf (application/pdf)

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:rif:briefs:165

Ordering information: This working paper can be ordered from
https://www.etla.fi/ ... ka-on-tehnyt-paluun/

Access Statistics for this paper

More papers in ETLA Brief from The Research Institute of the Finnish Economy Contact information at EDIRC.
Bibliographic data for series maintained by Kaija Hyvönen-Rajecki ().