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Converging trajectories? Reassessing EU Cohesion Policy in times of new industrial policy

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The paper presents a critical assessment of EU Cohesion Policy’s rationale and specific features through the lenses of theories loosely referred to as ‘new industrial policy’. Theoretical work in this areas is important in order to clarify the role of Cohesion Policy in the context of the current revival of industrial policies and their growing importance for Europe’s economic, geopolitical, technological and climate ambitions. The paper explores the main challenges Cohesion Policy should address in order to fully embrace the experimentalism and directionality entailed in new industrial policy, going beyond the limitations of Smart Specialisation Strategies in reflecting this perspective. At the same time, a set of arguments is presented in support to the idea that the new industrial policy paradigm can be instrumental in bringing more theoretical salience and political prominence to Cohesion Policy

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  • MOLICA Francesco, 2023. "Converging trajectories? Reassessing EU Cohesion Policy in times of new industrial policy," JRC Working Papers on Territorial Modelling and Analysis 2023-09, Joint Research Centre.
    • Handle: RePEc:ipt:termod:202309
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    File URL: https://publications.jrc.ec.europa.eu/repository/handle/JRC134872
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    Keywords

    Cohesion Policy; European Union; Smart Specialisation Strategy; Industrial Policy;
    All these keywords.

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