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No Industry, No Future?

Author

Listed:
  • Lionel Fontagné

    (CEPII - Centre d'Etudes Prospectives et d'Informations Internationales - Centre d'analyse stratégique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Pierre Mohnen

    (Maastricht University [Maastricht])

  • Guntram Wolff

    (Bruegel - affiliation inconnue)

Abstract

In a context of weak growth, high unemployment, unbalanced public fi nances and persistent external defi cit, we are witnessing the return of a proactive approach to industrial policy and, even in France the return of direct intervention in industry. Sector-focused public intervention is thus once again conceivable, while industry is once more perceived as a reservoir of jobs, exports and growth. Can there be a future without industry? Answering this question is not considered as obvious in this Note. Refl ection appears to be essential with regard to the aim of industrial policy (what is industry and why is it needed?) as well as its methods (does the government have the tools, information and modus operandi required for its action?) The frontier between industry and services has become blurred: services have become an industry; industry buys and sells services; and fi nally, a proportion of companies classifi ed as services are in reality industrial companies that have split their value chain at the international level. Today, industrial activity consists in designing products, producing them or having them produced, while retaining intellectual property thereof, organising the value chain, controlling brands and consumer access, and fi nally making returns on investment.

Suggested Citation

  • Lionel Fontagné & Pierre Mohnen & Guntram Wolff, 2014. "No Industry, No Future?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01299902, HAL.
  • Handle: RePEc:hal:cesptp:hal-01299902
    Note: View the original document on HAL open archive server: https://hal.science/hal-01299902
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    Cited by:

    1. Michael Landesmann & Sandra M. Leitner & Robert Stehrer, 2015. "Competitiveness of the European Economy," wiiw Research Reports 401, The Vienna Institute for International Economic Studies, wiiw.
    2. Maria Savona, 2018. "Industrial policy for a Europeanindustrial renaissance. A few reflections," SPRU Working Paper Series 2018-07, SPRU - Science Policy Research Unit, University of Sussex Business School.

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