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Challenges of industrial policy to enhance competitiveness

Author

Listed:
  • Charis VLADOS
  • Dimos CHATZINIKOLAOU

    (Democritus University of Thrace, Greece)

Abstract

This study explores how the traditional approaches of perceiving competitiveness and industrial policy could be enriched through a synthetic and evolutionary perspective. Competitiveness, in particular, tends to be studied in the literature in a relatively fragmented way, focusing either on the level of individual nations, or on the sectors of economic activity, or on the firm level. As a result, the evolutionary structures that define competitiveness in a unified socioeconomic way are usually bypassed. In this context, the traditional approach to industrial policy-making, which has as sole objective the strengthening of specific sectors, is inadequate to enhance the multilevel socioeconomic competitiveness in our days. Therefore, we suggest a comprehensive re-positioning of the concept of "organic competitiveness" in overall and synthetic socioeconomic terms (firms-sectors-socioeconomic systems) as useful for a redirected modern industrial policy.

Suggested Citation

  • Charis VLADOS & Dimos CHATZINIKOLAOU, 2019. "Challenges of industrial policy to enhance competitiveness," Journal of Economics Library, EconSciences Journals, vol. 6(2), pages 83-96, June.
    • Handle: RePEc:cvv:journ5:v:6:y:2019:i:2:p:83-96
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • 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

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