After a decade or more of privatisation and deregulation there is a growing consensus that government can have a positive role in promoting industrial development. This book explores a variety of ways in which this might be made to happen. A common theme is the need for participation at the appropriate level: too often industrial policy has been hampered by overcentralised decision-making. Containing contributions by some of Europe's leading industrial economists, Industrial Policy for Europe covers subjects from small business to macroeconomics.
Part I: Overview and Redirection 1. Introduction 2. A Reorientation of Industrial Policy? Horizontal Policies and Targeting Part II: Creating Meaningful Local and Regional Economies 3. Sustainable Regional Development: New Dimensions in Policy Formulation 4. The Territorial Challenge to Innovation and Endogenous Regional Development 5. Europe's Advantage? Work Organisation, Innovation and Employment 6. The Competitive Disadvantage of England 7. The Activation of Bottum-up Methodologies in a Newly Opened Regional Economy. An Experience in the Oeste Region of Santa Catarina, Brazil Part III: Nurturing Small Firm Economies 8. The Entrepreneurial Society in Practice 9. Practical Issues of Networking and Cooperation 10. Making Small Firms Work: Policy Dimensions and the Scottish Context 11. Industrial Policy Implications of Competition Policy Failure in Mergers Part IV: Venture Capital 12. Public Policy and the Development of the Informal Venture Capital Market: UK Experience and Lessons for Europe 13. The Tyranny of Small Scale Investment - A Simulation Model of the Performance of an Early Stage, Technology Focused, Venture Capital Fund Part V: Creating the Infrastructure and Economic Environment for a Dynamic, DIffuse Economy 14. Universal Service, Universal Access and the Internet 15. Market Structure, Corporate Objectives and Cost Effiency 16. Regulating Transnationals: Free Markets and Monitoring in Europe 17. Industrial Strategy in the Era of Transnationals: Analysis and Policy Issues 18. Multinational Enterprise Investment and Industrial Policy 19. The Macroeconomics of Industrial Strategy