Quotation Aiginger, Karl. 2020. Industrial policy for the 21st century, lessons for Japan.


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Abstract

Industrial policy is back on the agenda. This may be more surprising for the US, which has always pretended not to interfere with its free market system. Europe had shifted from a sectoral industrial policy to a horizontal approach, which sets only framework conditions. More recently, the EU has started defining key priorities, critically screening foreign ownership in large firms, and relating its industrial strategy to the European Green Deal. In East Asia, industrial policy has been at the heart of Japan’s, Korea’s and China’s impressive record of catching up with the leading industrialized nations.

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Publication's profile

Status of publication Published
Affiliation External
Type of publication Media report
Language English
Title Industrial policy for the 21st century, lessons for Japan
Source the japan times
Year 2020
URL https://static1.squarespace.com/static/5780d6f1579fb375af56974a/t/5ed60a105364a15d36e0899d/1591085587786/Nikkeistrategy_060520.pdf

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People
Aiginger, Karl (Details)
Organization
Department of Economics DP (Details)
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