In this paper, we discuss the implications of the financial crisis for industrial policy. We show that despite official discourse, industrial policy has continued to exist during the liberal years of essentially the 1990s, in order to accompany important structural changes firms had to face. The...

This paper argues that the institutional framework of industrial policies derives from the analysis of industries as systems. Industries are embedded in specific institutional frameworks with which they co-evolve. However, industrial systems are primarily organised at local level: industries may...

This paper provides evidence of the evolution of industrial policy in European countries through a detailed analysis of state aid data. We show the emergence of a new phase of industrial policy in the years 2000-2004. The two previous phases were respectively an 'interventionist' phase, whereby...