Next Article in Journal
Emerging Countries and the Effects of the Trade War between US and China
Next Article in Special Issue
CPEC’s Utility and Concerns under OBOR Initiative: A Pakistani Industrial Perspective
Previous Article in Journal
Do Firms R&D Collaborations with the Science System and Enterprise Group Partners Stimulate Their Product and Process Innovations?
Previous Article in Special Issue
Analysis of the Effect of Industrial Transformation of Resource-Based Cities in Northeast China
Open AccessArticle

Industrial Policy in the EU and Its Neighbourhood: Learning from Policy Experimentation

European Commission, Joint Research Centre (JRC), 41092 Seville, Spain
Economies 2019, 7(2), 44; https://doi.org/10.3390/economies7020044
Received: 1 April 2019 / Revised: 25 April 2019 / Accepted: 8 May 2019 / Published: 10 May 2019
(This article belongs to the Special Issue Industrial policy for growth)
Newer approaches of industrial policy that focus on catalytic and facilitating interventions of government have become a rivalling model to neoclassical laissez-faire approaches. Inspired by the success stories of East Asian newly industrialised economies (NIEs), newer approaches advocate a more experimental policy stance. Newer industrial policies, including the concept of the “entrepreneurial state”, call upon governments to play a catalytic and facilitating role in increasing innovation and, thus, economic growth. During the past three decades, countries have experimented with some of these new approaches, and so has the European Union (EU). Currently, two major policy frameworks of the EU, Horizon 2020 and smart specialisation, shape the European approach to industrial policy and are gaining in importance for enlargement and neighbourhood countries, too. At the same time, these countries outside the EU have pursued their own experiments in industrial policy. The article argues that to better understand what contributes to the success or failure of industrial policies, learning from experiences made both by the EU and its neighbours is valuable. The article draws conclusions from three countries in the EU’s neighbourhood, Israel, Tunisia, and North Macedonia. In particular, the article examines the role EU approaches and programs, such as smart specialisation or Horizon 2020, can play in anchoring more entrepreneurial industrial policies in enlargement and neighbourhood countries and addresses problems to be expected when governments are to engage in policy experimentation. View Full-Text
Keywords: industrial policy; entrepreneurial state; innovation; EU; smart specialisation; Horizon 2020 industrial policy; entrepreneurial state; innovation; EU; smart specialisation; Horizon 2020
MDPI and ACS Style

Benner, M. Industrial Policy in the EU and Its Neighbourhood: Learning from Policy Experimentation. Economies 2019, 7, 44.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop