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Trends on the Conception of Competitiveness and Modern Industrial Policy: The Emergent Field of a New Synthesis

Author

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  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

Abstract

The concept of competitiveness and the practice of industrial policy seem to acquire a repositioned meaning and new interest today. We explore how the concept of competitiveness is changing shape and scope and what is the focus of industrial policy both historically and recently in the effort of finding their theoretical convergences and divergences. The findings suggest a move towards an industrial policy that is systemic and integrated since it focuses on enhancing the multilevel competitiveness of the socio-economic system in a unified micro-meso-macro approach. A counter-proposed analysis of the “competitiveness web,” which perceives at the centre of the system the evolutionary micro-dynamics of the firm surrounded by co-evolving meso-dynamics and macro-economic and macro-social environments, enhances our understanding towards an “organic” industrial policy that focuses on strengthening the multi-level competitiveness.

Suggested Citation

  • Vlados, Charis & Chatzinikolaou, Dimos, 2020. "Trends on the Conception of Competitiveness and Modern Industrial Policy: The Emergent Field of a New Synthesis," DUTH Research Papers in Economics 3-2020, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2020_003
    Note: European Journal of Business and Innovation Research. Vol. 8, No. 1, pp. 1-18
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    Keywords

    multilevel competitiveness; integrated industrial policy; business dynamics; socio-economic development; micro-meso-macro analysis; competitiveness web;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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