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...

Industrial policy has recently seen a renewed interest at both the political and the theoretical level, and has been much debated. This paper argues that an important research issue to address now is what industrial policy should be implemented, namely what set of instruments are to be applied...

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...

Industrial Policy after the Crisis provides a fresh and insightful study on the lessons that can be drawn from the global financial crisis for the analysis, definition and implementation of industrial policy. The authors utilize a political economy framework for the analysis of industrial...

This timely and much-needed Handbook reconsiders an old topic from a fresh perspective, raising a number of new, interesting and worthwhile issues in the wake of ten years of globalization. This comprehensive analysis illustrates that old-style industrial policies whereby the government directly...