Industrial policy in Europe, Japan and the USA : amounts, mechanisms and effectiveness / Pierre-André Buigues and Khalid Sekkat.

Format:

Book

Author/Creator:

Buigues, Pierre-André.

Contributor:

Sekkat, Khalid.

Language:

English

Subjects (All):

Industrial policy--Europe.

Industrial policy.

Industrial policy--Japan.

Japan.

Industrial policy--United States.

United States.

Europe.

Physical Description:

xx, 232 pages : illustrations ; 23 cm

Place of Publication:

Basingstoke, Hampshire ; New York, NY : Palgrave Macmillan, 2009.

Summary:

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 five 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 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.

Contents:

Public support to business : an overview

Cases for public support : market failures

Argument against public support : government failures

Instruments of support : subsidies and public procurement

Effectiveness of public support

Subsidies and state aid

Public procurement

Public support in Germany

Public support in France

Public support in the United Kingdom

Public support in the United States

Public support in Japan.

Notes:

Includes bibliographical references and index.

ISBN:

9780230579880

0230579884

OCLC:

458738428