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Davids and Goliaths: Hidden Champions in an Age of Industrial Policy

Author

Listed:
  • de Melo Pimentel Bernardo

    (Forward College, ISEG Lisbon, and Nova SBE, Rua das Flores, 71, Primeiro andar, Lisbon, Portugal)

  • Ramírez Guillermo

    (ESCP, Madrid, Spain)

Abstract

We review the state of the current industrial champions debate and make the case for nimble, innovative ‘Davids’, rather than resource-hungry ‘Goliaths’. These export-based firms have shown robust performance in recent years and may help economies increase their resilience in times of significant uncertainty. They are more autonomous than traditional champions and they are already in our midst. The challenge for policymakers is how to foster an environment that supports Davids while keeping an eye on national strategic interests.

Suggested Citation

  • de Melo Pimentel Bernardo & Ramírez Guillermo, 2023. "Davids and Goliaths: Hidden Champions in an Age of Industrial Policy," The Economists' Voice, De Gruyter, vol. 20(1), pages 5-14, June.
    • Handle: RePEc:bpj:evoice:v:20:y:2023:i:1:p:5-14:n:1
    DOI: 10.1515/ev-2022-0011
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    More about this item

    Keywords

    industrial policy; national champions; hidden champions;
    All these keywords.

    JEL classification:

    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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