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Conclusions: Towards a Modern Industrial Policy of the European Union

In: The New Industrial Policy of the European Union

Author

Listed:
  • Adam A. Ambroziak

    (Jean Monnet Chair of European Integration, Collegium of World Economy, Warsaw School of Economics)

Abstract

Industrial policy can be defined on the basis of various factors. On one hand, it concerns all objectives, activities, and tools and their effects on only industry per se. On the other hand, due to substantial changes in business models, consumers’ needs and expectations, and access to new techniques and technologies, including digital platforms, traditional industry has evolved into a new type of industry. As a result one can find a very wide range of scope of industrial policy: from very narrow ones dedicated to selected traditional industries to very broad definitions which combine all activities run by business operators. As regards the objectives of traditional industrial policy, we find that some of them relate purely to selected sectors of industry. These are linked to, inter alia: (1) companies in economic trouble; (2) infant industries; (3) strategic industries; and (4) all other enterprises chosen by government on the basis of specific criteria.

Suggested Citation

  • Adam A. Ambroziak, 2017. "Conclusions: Towards a Modern Industrial Policy of the European Union," Contributions to Economics, in: Adam A. Ambroziak (ed.), The New Industrial Policy of the European Union, pages 267-272, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-39070-3_12
    DOI: 10.1007/978-3-319-39070-3_12
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