Industrial Targeting for High-Technology Industries

Opening the discussion, the Chairman proposed concentration on the main aspects of interest: 1) Why does the state intervene in industrial policy? 2) Why should the state intervene in industrial policy? 3) How can public policy with regard to European Technology Initiatives and Global Competition be made most effectively given that there is good reason for exerting public policy? In analyzing these questions, Richard Baldwin, David Audretsch, Wolfgang Hager, and the active participation of the discussants have offered valuable insights based upon three distinct approaches illustrative of the dimensionality involved in giving definitive answers to the questions posed by Heinz Hauser. The two papers and a prepared communication deal with questions of Industrial Targeting based upon theoretical (Baldwin), empirical (Audretsch), and political (Hager) perspectives. Although these issues are inevitably interrelated, the focus of the discussion dealt with the deliberations separately.