In Europe and North America there are increasing calls for an industrial policy that would foster innovation and technological development. The advocates of industrial policy warn that without active government support national firms will succumb to unfair foreign competition and that there will...

The period from 1950 to 1974 was one of exceptional economic progress, particularly in manufacturing. This article examines how some of these developments have altered the objectives and methods of formulating industrial policy in western countries. Following a brief discussion of sector-wide...

Based on theory and on evidence from the Southern Cone the following paper concludes for emerging market economies (1) that fiscal reform is of utmost importance for macroeconomic reforms, (2) that credibility cannot be imported via a fixed exchange rate but has to be established by internal...

In the aftermath of the crisis, Europe is becoming more polarised in terms of employment, competitiveness and industrial specialisation. A 'German-centred core' which maintained employment and production – has emerged, contrasted by a 'Southern periphery', where major economic losses have...