After years of official disrepute, industrial policy (IP) is back in vogue at regional, national and international levels driven by concerns over competitiveness, globalisation, de-industrialisation, unemployment and the comparatively slow growth of the EU economy especially in this post-recession phase. At the same time, IP has been seen as a catalyst for designing economic recovery strategies at regional, national and international levels, as well as being a concerted strategy to develop new â€˜clean-techâ€™ industries to tackle environmental challenges.
If anything, the recent global recession and credit crunch have highlighted the fragility of some statesâ€™ and localitiesâ€™ economic development paths and the unbalanced nature of their economies, in terms of an over-reliance on sectors such as retail, financial services, and construction, to the detriment of manufacturing. This also suggests an accompanying need for greater economic diversity so as to avoid over-dependencies on certain sectors, and a better balance of ownerships forms.
But what should be the shape of IP in the wake of the crisis and how can IP rebalance economies, help support sustainable development and catalyse new technologies and innovations whilst learning lessons from past experience and debate? This edited volume examines these questions through a wide range of diverse contributions from expert international authors.
This book was originally published as a special issue of Policy Studies.
Table of Contents
1. Industrial Policy after the Crisis David Bailey, Helena Lenihan and Josep-Maria Arauzo-Carod 2. Promoting Corporate Diversity in the Financial Services Sector Jonathan Michie 3. Responding to the Crisis: Are policies aimed at a strong indigenous industrial base a necessary condition for sustainable economic growth? Bernadette Andreosso-Oâ€™Callaghan and Helena Lenihan 4. Rebuilding the City: A Focus for European Industrial Policy? David Bailey and Keith Cowling 5. A Policy Agenda for EU Smart Growth: the Role of Creative and Cultural Industries Phil Cooke and Lisa De Propris 6. "May the ovens never grow cold"; Regional Resilience and Industrial Policy in the North Staffordshire Ceramics Industrial District â€“ with lessons from Sassoulo and Castallon Jose-Luis Hervas-Oliver, Ian Jackson and Philip R. Tomlinson 7. SMEsâ€™ Response to the Financial and Economic Crisis: Analysis of Agricultural and Furniture Sectors in Catalonia, Spain Xiaoni Li, Pere Segarra Roca and Eleni Papaoikonomou 8. Shaping Regional Policy Responses: the Design of Innovation Poles Annalisa Caloffi and Marco Mariani 9. Industrial Policy after the Crisis: the Case of the Emilia-Romagna Region in Italy Patrizio Bianchi and Sandrine Labory 10. Comparative Advantage, Industrial Policy and the World Bank: Back to First Principles Ajit Singh 11. On the Political Economy of the State, the Public-Private Nexus and Industrial Policy Ioanna Glykou and Christos N. Pitelis
David Bailey is Professor of International Business and Economic Development at Coventry University Business School, UK, and Chair of the Regional Studies Association. He has published extensively on industrial policy, economic restructuring and policy responses, globalisation, policy towards transnationals and FDI, and EU Regional Policy.ã€€
Helena Lenihan is the Assistant Dean of Research and Senior Lecturer in Economics at the Kemmy Business School, University of Limerick, Ireland. She has published extensively on industrial, enterprise and innovation policy evaluation, industrial and enterprise policy development, innovation policy, and the role of SMEs/entrepreneurship in economic development and firm growth.
Josep-Maria Arauzo-Carod is Associate Professor in Economics at Universitat Rovira i Virgili, Spain. He has published extensively on industrial location, firm demography and urban and regional economics.