Live and let die - industrial policy in a globalised world
Underlagsrapport 22
- Utgiven:
- 13 november 2008
- Typ:
- Rapporter
- Avsändare:
- Utbildningsdepartementet
- Globaliseringsrådet
- Författare:
- Karen Helene Ulltveit-Moe
Sammanfattning
It is often claimed that industrial policies are an essential ingredient in policy-making for any country that aims at sustaining and increasing a competitive industrial sector. But does a small, open European economy actually need an industrial policy? Judging from this report, the answer seems to be in the affirmative. However, today's globalised world requires a different design where industrial policies are realigned with comparative advantage of a country, promote regional agglomerations and enhance industrial efficiency. Attempts to ensure regional equity by means of industrial policy is likely to have detrimental effects on productivity and growth. In the report, Live and let die - industrial policy in a globalised world, the challenges facing industrial policy makers in the 21st century are analyzed and policy conclusions drawn. The author emphasizes two major challenges that face policy makers: First, to give well-targeted measures the correct design. Second, to observe that efficient industrial policy is often about not doing anything.
