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Shut out? South East Europe and the EU’s new industrial policy

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  • Bartlett, Will

Abstract

This paper explores the potential role of industrial policy to stimulate post-crisis recovery in South East Europe (SEE). Policy reactions in the region have focused on fiscal consolidation and austerity, while the design of active industrial policies to improve competitiveness has been less in evidence. The paper reviews the experience of industrial policies in the EU and shows how these policies have evolved from vertical to horizontal approaches, and how the latter versions of policy have been transferred to the accession states in SEE. The paper reviews the evolution of industrial policies in eight countries of the region and the impact of these policies on industrial production. It argues that the horizontal industrial policies that have been imposed on SEE countries through conditionality embodied in the EU accession process have left their economies vulnerable to adverse spillovers from the eurozone crisis. It concludes with an assessment of the relevance of industrial policies to economic recovery, and questions whether SEE has been ‘shut out’ of the ‘fresh’ vertical industrial policy that has been adopted by the EU in recent years.

Suggested Citation

  • Bartlett, Will, 2014. "Shut out? South East Europe and the EU’s new industrial policy," LSE Research Online Documents on Economics 117490, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:117490
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    File URL: http://eprints.lse.ac.uk/117490/
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    Cited by:

    1. Katarina Baèiæ & Zoran Aralica, 2017. "Regional competitiveness in the context of “New industrial policy” – the case of Croatia," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 35(2), pages 551-582.
    2. Guisan, M.C. & Exposito, P., 2018. "Economic Development Problems And Crisis In The European Union, 2005-2015," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 18(1), pages 23-34.
    3. Michael Landesmann & Roman Stöllinger, 2018. "Structural Change, Trade and Global Production Networks," wiiw Policy Notes 21, The Vienna Institute for International Economic Studies, wiiw.
    4. Stojčić, Nebojša & Vojinić, Perica & Aralica, Zoran, 2018. "Trade liberalization and export transformation in new EU member states," Structural Change and Economic Dynamics, Elsevier, vol. 47(C), pages 114-126.
    5. Nebojsa Stojcic & Zoran Aralica, 2017. "Choosing Right from Wrong: Industrial Policy and (De)industrialization in Central and Eastern Europe," Working Papers 1703, The Institute of Economics, Zagreb.
    6. Zoran Aralica & Nebojša Stojčić, 2015. "Regional Patterns of Deindustrialization and Prospects for Reindustrialization in South and Central East European Countries," wiiw Balkan Observatory Working Papers 118, The Vienna Institute for International Economic Studies, wiiw.
    7. Svilena MIHAYLOVA & Silviya BRATOEVA-MANOLEVA, 2018. "Structural changes and wage inequality in the Bulgarian economy," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 9, pages 205-227, December.

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    More about this item

    Keywords

    industrial policy; innovation; competitiveness; European Union; South East Europe;
    All these keywords.

    JEL classification:

    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

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