Challenges of Industrial Policy to Enhance Competitiveness

Journal of Economics Library, 6(2), 83-96 (2019)

14 Pages Posted: 22 Jul 2019

See all articles by Charis Vlados

Charis Vlados

Democritus University of Thrace, Department of Economics

Dimos Chatzinikolaou

Democritus University of Thrace, Department of Economics

Date Written: June 2019

Abstract

This study explores how the traditional approaches of perceiving competitiveness and industrial policy could be enriched through a synthetic and evolutionary perspective. Competitiveness, in particular, tends to be studied in the literature in a relatively fragmented way, focusing either on the level of individual nations, or on the sectors of economic activity, or on the firm level. As a result, the evolutionary structures that define competitiveness in a unified socioeconomic way are usually bypassed. In this context, the traditional approach to industrial policy-making, which has as sole objective the strengthening of specific sectors, is inadequate to enhance the multilevel socioeconomic competitiveness in our days. Therefore, we suggest a comprehensive re-positioning of the concept of "organic competitiveness" in overall and synthetic socioeconomic terms (firms-sectors-socioeconomic systems) as useful for a redirected modern industrial policy.

Keywords: Competitiveness, Industrial policy, Evolutionary link between competitiveness and industrial policy, Globalization

Suggested Citation

Vlados, Charis and Chatzinikolaou, Dimos, Challenges of Industrial Policy to Enhance Competitiveness (June 2019). Journal of Economics Library, 6(2), 83-96 (2019), Available at SSRN: https://ssrn.com/abstract=3422953

Charis Vlados (Contact Author)

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

Dimos Chatzinikolaou

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

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