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Industrial Policy for Southern Europe

In: Economic Transformation, Democratization and Integration into the European Union

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  • Antigone Lyberaki

Abstract

The debate about industrial policy has always been charged, while the pendulum concerning the desired amount of state intervention and free market forces has been swinging to and fro, reflecting ideological (and balance of power) shifts as much as changing economic circumstances in the world scene. The careful wording chosen in the above European Commission quotation testifies to the charged nature of the debate. This intellectual ambivalence notwithstanding, governments have always intervened (by design or by default) in the shaping of their country’s productive structures. Directed public interventions at the sectoral and firm level (often complemented by horizontal actions) seeking to stimulate particular lines of economic activity can be taken as a definition of what constitutes industrial policy in the broad sense (Shapiro and Taylor, 1992, p. 433).

Suggested Citation

  • Antigone Lyberaki, 2001. "Industrial Policy for Southern Europe," Palgrave Macmillan Books, in: Heather D. Gibson (ed.), Economic Transformation, Democratization and Integration into the European Union, chapter 6, pages 193-230, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-333-97761-3_6
    DOI: 10.1057/9780333977613_6
    as

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