Why Growth Performance Differed across Countries in the Recent Crisis: the Impact of Pre-crisis Conditions (original) (raw)
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This paper argues that an industrial policy strategy is needed for the southern European countries for regaining competitiveness and stability. That strategie need to be different from the past industrial policy, more systemic, and should include innovation strategies and ways to upgrade education. They should embrace competition on national and international markets as driver of change. They should create and support clusters and industrial zones, which could then be the basis for technology transfers, foreign direct investment and for making use of globalisation. New industrial policies should emphasise on sectors where society has a long term interest, e.g. alternative energies or health tourism. In short, industrial policy is a necessary strategy element in times of budget consolidation especially for the southern European periphery.
A Systemic Industrial Policy to Pave a New Growth Path for Europe
Monographien, 2012
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Consequences of the Public Debt Crisis on Growth and Stability
Review of Economics and Finance , 2014
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