European industrial policy: Perspectives, trends and a sustainability-focused new framework

Pitelis, CN; Kelmendi, P

European industrial policy: Perspectives, trends and a sustainability-focused new framework

Pitelis, CN Kelmendi, P

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Publication Type:: Chapter
Citation:: International Handbook on the Economics of Integration, Volume II: Competition, Spatial Location of Economic Activity and Financial Issues, 2011, pp. 21 - 44
Issue Date:: 2011-12-01

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Field	Value	Language
dc.contributor.author	Pitelis, CN	en_US
dc.contributor.author	Kelmendi, P	en_US
dc.date.issued	2011-12-01	en_US
dc.identifier.citation	International Handbook on the Economics of Integration, Volume II: Competition, Spatial Location of Economic Activity and Financial Issues, 2011, pp. 21 - 44	en_US
dc.identifier.isbn	9781849804264	en_US
dc.identifier.uri	http://hdl.handle.net/10453/118726
dc.description.abstract	This chapter discusses alternative perspectives on competition policies (CPs) and industrial policies (IPs), in theory and in practice, while critically assessing recent European IPs in this context. It develops a new framework for IPs, which emphasises the sustainability of value and wealth creation at the firm, meso and supranational levels, and explores its implications for IPs in general and European IPs in particular. It views current EU policies as a step in the right direction, but argues that they need to pay more attention to the issue of sustainability, the link between corporate, public and supranational governance, and the impact that diff erent power structures and hierarchies of agencies have on IPs for sustainable value and wealth creation. The limitations of self- monitoring and diversity suggest the need for an accountable supranational competition and regulatory policy organisation with a strong focus on economic sustainability. © Miroslav N. Jovanović 2011. All rights reserved.	en_US
dc.relation.ispartof	International Handbook on the Economics of Integration, Volume II: Competition, Spatial Location of Economic Activity and Financial Issues	en_US
dc.title	European industrial policy: Perspectives, trends and a sustainability-focused new framework	en_US
dc.type	Chapter
utslib.for	1503 Business and Management	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Management Discipline
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US

Abstract:

This chapter discusses alternative perspectives on competition policies (CPs) and industrial policies (IPs), in theory and in practice, while critically assessing recent European IPs in this context. It develops a new framework for IPs, which emphasises the sustainability of value and wealth creation at the firm, meso and supranational levels, and explores its implications for IPs in general and European IPs in particular. It views current EU policies as a step in the right direction, but argues that they need to pay more attention to the issue of sustainability, the link between corporate, public and supranational governance, and the impact that diff erent power structures and hierarchies of agencies have on IPs for sustainable value and wealth creation. The limitations of self- monitoring and diversity suggest the need for an accountable supranational competition and regulatory policy organisation with a strong focus on economic sustainability. © Miroslav N. Jovanović 2011. All rights reserved.

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http://hdl.handle.net/10453/118726