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European Industrial Policy - The Twentieth-Century Experience (Hardcover)
Loot Price: R9,163
Discovery Miles 91 630
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European Industrial Policy - The Twentieth-Century Experience (Hardcover)
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Total price: R9,183
Discovery Miles: 91 830
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At the end of the 20th century with stagnating industrial output,
unemployment in many European countries has climbed to levels not
seen since the 1930s. Interventionist industrial policies thus find
new popularity after the gentle flirtation with liberalization in
the early 1990s. Under the Maastricht Treaty, the European Union
was granted industrial policy powers for the first time. The
present study aims to contribute to an understanding of European
industrial policy by introducing an historical perspective.
National policy continuities and the considerable time over which
industrial performance responds to changed environments emerge with
greater clarity in the long run. The chapters in this book take a
broad view of industrial policy, including those policies that
establish the `framework', such as competition law, as well as
sector for firm specific policies. The overall conclusion is that
improved framework policies, such as liberalization and
re-regulation, are still essential. Monetary union in the `core'
will increase tensions arising from economic inflexibility.
Although there are often strong political barriers blocking
implementation of appropriate industrial policies, they will be
even more necessary under monetary union.
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