At the end of the 20th century with stagnating industrial output, unemployment in many European countries has climbed to levels not seen since the 1930s. Interventionist industrial policies thus find new popularity after the gentle flirtation with liberalization in the early 1990s. Under the Maastricht Treaty, the European Union was granted industrial policy powers for the first time. The present study aims to contribute to an understanding
of European industrial policy by introducing an historical perspective. National policy continuities and the considerable time over which industrial performance responds to changed environments emerge
with greater clarity in the long run. The chapters in this book take a broad view of industrial policy, including those policies that establish the `framework', such as competition law, as well as sector for firm specific policies. The overall conclusion is that improved framework policies, such as liberalization and re-regulation, are still essential. Monetary union in the `core' will increase tensions arising from economic inflexibility. Although there are often strong
political barriers blocking implementation of appropriate industrial policies, they will be even more necessary under monetary union.
`well edited and thoughtfully designed volume ... this is a book that could and should be usefully consulted not only by students and teachers, but by politicans and their customers, the general public.'
Alan S.Milward, Journal of Economic History
`this volume has two great merits: it provides a collection of case studies constructed along the same line of discussion themes, thus facilitating comparative analysis, and it offers a synthesis of a great deal of literature unavailable in English. Undoubtedly, the book has fulfilled its ask of rendering the future writing on the history of European industrial policy more manageable.'
Francesca Fauri, EH.Net, April 2000.
1: Giovanni Federico and James Foreman-Peck: Industrial Policies in Europe: Introduction
2: James Foreman-Peck and Leslie Hannah: Britian: From Economic Liberalism to Socialism - And Back?
3: Jean-Pierre Dormois, University of Montpellier: France: The Idiosyncrasies of Volontarisme
4: Wilfried Feldenkirchen: Germany:The Invention of Interventionism
5: Giovanni Federico and Renato Giannetti: Italy: Stalling and Surpassing
6: J. Bohlin: Sweden: The Rise and Fall of the Swedish Model?
7: Jan L. van Utrecht: The Netherlands: The History of the Empty Box?
8: Luc Hens and Peter Solar: Belgium: Liberalism by Default
9: Eoin O'Malley: Ireland: From Inward to Outward Policies
10: Pedro Bablín: Spain: Industrial Policy under Authoritarian Politics
11: Joao Confraria: Industrialization and Backwardness
12: Ioanna Peplasis Minoglou: Greece: From Rent-Seeking Protectionism to Direct Intervention
13: Christopher Mark Davis: Russia: A Comparative Economic Systems Interpretation
14: Mark Casson: A Cultural Theory of Industrial Policy
15: James Foreman-Peck and Giovanni Federico: European Industrial Policy: An Overview