This paper assesses the effectiveness of vertical industrial policies within the European Union. Vertical industrial policy is defined as government support of specific firms or industries ("picking winners" or "supporting losers"). It is measured as state aid granted by Member States to the...

The European Commission has launched a new industrial policy for Europe, which is reviewed in this paper. While manufacturing industry remains a key building block of the European economy, it faces a number of challenges - as well as opportunities - in the form of rapid technological change;...

This paper critically examines the role of industrial policy in the economic development of East Asian countries with a view to drawing lessons for other countries, especially European ones. It describes the evolution of industrial policies in Japan, Korea, Taiwan, and Singapore and evaluates...