Keyword:Industrial Policy

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A New European Industrial Strategy

For almost a year now, European politicians have struggled with how the future of European industry should look. On March 10, 2020, this question received its first answer with the publication of the European Commission’s “A New Industrial Strategy for Europe”. In this post, we take a look at this proposal, its implications, and main […] More ...

Bejing Photo by Magda Ehlers from Pexels

Industrial Policy – Lessons from China

Industrial policy has been a reform instrument in China since the late 1980s, playing a decisive role in China’s development from an imperative planned economy to a “market economy with Chinese characteristics.” So, it is not surprising that industry has become one of the most important pillars of the Chinese economy over the years. Now, […] More ...

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Are German and European Politics ready for Industrial Policy Reform?

  This is the second post in our series on globalization and innovation as drivers of new industrial policy in the EU and Germany. See the first post here.  Over the last few years, industrial policy has become an increasingly more relevant topic for German and European policymakers. This interest has been rather controversial, leading […] More ...

Photo by Ant Rozetsky on Unsplash Photo by Ant Rozetsky on Unsplash

Can We Have a Rational Discussion on Industrial Policy?
China’s state capitalism puts long maligned industrial policy back on the table

“Industrial policy” is back in the headlines. Whether in the European Union, Germany, or the United States, there is an ongoing debate in the media, among politicians and economists about the future of the industrial sector. While some observers fear that governments implementing industrial policy (or interfering in the markets, as detractors might say) will cause a roll-back right into a GDR- or Soviet-style planned economy, others regard it as a panacea to counteract China’s state capitalism. Yet, why do industrial policy discussions cause such a stir? More ...