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2. An Integrated industrial policy in the context of the Europe 2020 initiative
2.1. Economic challenges for the real economy of the EU after the crisis
2.1.1. A weak internal demand with a considerable fall in private investment
2.1.2. Sluggish recovery of intra EU trade and a worrying outlook for extra-EU trade
2.1.3. Serious difficulties to access bank credit in some countries of the Union, especially for SMEs
2.1.4. Mismatches and slow adjustments in the labour market across the EU
2.1.5. Differences across countries and markets
2.2. The European industry in the eve of the new industrial age
3. A new industrial policy for Europe
3.1. Measures included in the recent update of the EU industrial policy
3.1.1. Accelerate investment in innovation to spur the diffusion of new technologies in six priority action lines
3.1.2. Improve market prospects of European companies in the market and in global markets
3.1.3. Improving conditions for business finance and SMEs in particular
3.1.4. Providing specialized human resources and training adapted to the new employment opportunities that the industry demanded
3.2. Main Characteristics of Europe’s Industrial Strategy
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The economic crisis has hit hard developed economies. The protracted recovery has raised social demand for active growth policies in Western economies and for industrial policy in particular. The decline of industry in many of those economies together with the emergence of new global players in China, Far East Asia and South America, where governments have actively supported industrialisation, have raised questions on the policy stance adopted by many developed industrialised economies in the recent past.
Until recently, many considered that ‘the best industrial policy was no industrial policy’. This is hard to accept for two reasons. First, public policy interventions in areas such as taxation, environmental protection, trade, competition and other microeconomic policy decisions have a direct impact on industrial activities and on business in general. Without any common orientation on the way in which industry is expected to move, there is de facto an industri...
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Daniel Calleja et Francisco Caballero, « A New Industrial Policy for Europe: Reinforcing Europe’s Industrial Base to Create Employment and Growth », Revue d'économie industrielle, 145 | 2014, 155-180.
Daniel Calleja et Francisco Caballero, « A New Industrial Policy for Europe: Reinforcing Europe’s Industrial Base to Create Employment and Growth », Revue d'économie industrielle [En ligne], 145 | 1er trimestre 2014, mis en ligne le 15 mars 2016, consulté le 29 mars 2017. URL : http://rei.revues.org/5769 ; DOI : 10.4000/rei.5769 Haut de page