The course will provide theoretical foundations, historical development, examples of practical policy implementation and mayor strands of current debates in ‘Modern Industrial Policy’.
The topic of Industrial Policy is very timely as there is currently a renewed and intense debate about the role, the scope and the limits of state intervention in economic development. Again, governments are trying to attain certain societal and economic goals by a number of direct and indirect interventions and there is currently a lively debate among policymakers, economists and the general public about the concrete form such interventions should or should not take.
After an introductory block covering (i) a general introduction to the concept of ‘Industrial Policy’, (ii) the rationale and the historical development of the approaches in industrial policy in general, subtopics will be selected for further in-depth elaboration and discussion. These sub-topics include e.g. (i) Industrial Policies for the economic development of ‘catching-up’ countries, (ii) “Industrial Policies addressing societal challenges (e.g. climate change, energy, security, …)”, (iii) Industrial Policies for the digital economy and (iii) Industrial Policies aiming at increasing the rate of innovation and technological progress.