Industrial Policy after the Crisis

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 development post-crisis, centered on the organization of production and stressing its importance for the wealth of nations, meaning not only rising income but also 'justice and happiness'. Examining industrial policy as a long-term vision of development, this insightful study will appeal to students in industrial and business economics, political economy and development studies, as well as policy-makers. Offering a reflection on the theoretical basis of policy decision making and recommendation, it will also be beneficial to scholars in the field of economics and politics. Contents: Introduction; 1. The 2008 Financial Crisis; 2. Globalisation and the Organisation of Production; 3. Division of Labour and Industrial Development; 4. A Framework for Defining Industrial Policy; 5. Industrial Policies as Long-Term Strategies: Some Examples; 6. The European Experience; Conclusions; References; Index