Industrial policy in Europe, Japan and the USA
Subtitle: amounts, mechanisms and effectiveness
By: Pierre-André Buigues and Khalid Sekkat.
Contributors: Sekkat, Khalid.
Publisher: Palgrave Macmillan
Published: 2009
Place of publication: Basingstoke, Hampshire; New York, NY
Language: eng
Number of pages: 232
ISBN-13: 9780230579880
Subjects: Industrial policy -- Europe; Industrial policy -- Japan; Industrial policy -- United States
Description: As the current financial crisis threatens the global economy, heralding global slowdown of the stock markets, pessimistic growth prospects and trembling consumer confidence, this book examines whether public support to business can be beneficial. It draws on recent developments in the theoretical and empirical literature and on the experience of 5 industrialized countries Germany, the UK, France, the USA and Japan. Over the past half century the mainstream view of industrial policy has varied markedly. From the early 1950s to the early 1970s industrial policy was seen as panacea to growth and development problems. Pursuing industrial policy became almost taboo in the early 1980s. Current views are breaking away from past trends, with the development and testing of new economic theories, attitudes towards industrial policy are now less clear-cut. In light of the current financial crisis, this volume presents economic theory and critical views on the implementation of public support policies, and offers a structured, up-to-date analysis relating theory, practices and effectiveness of industrial policy. It is an indispensable read for students, academics, policy-makers, as it promises to provide an enhanced understanding of successful and unsuccessful, industrial policies.
Notes: Includes bibliographical references and index.
Table of contents: title: Public support to business : an overview; title: Cases for public support : market failures; title: Argument against public support : government failures; title: Instruments of support : subsidies and public procurement; title: Effectiveness of public support; title: Subsidies and state aid; title: Public procurement; title: Public support in Germany; title: Public support in France; title: Public support in the United Kingdom; title: Public support in the United States; title: Public support in Japan.