The New Industrial Policy of the European Union

The main objective of this book has been to carry out research into the definition of industrial policy and its goals; to evaluate previously-introduced policies and instruments; and to identify the future challenges for and features of a modern EU indust

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Adam A. Ambroziak Editor

The New Industrial Policy of the European Union

Contributions to Economics

More information about this series at http://www.springer.com/series/1262

Adam A. Ambroziak Editor

The New Industrial Policy of the European Union

Editor Adam A. Ambroziak Warsaw School of Economics Warsaw, Poland

ISSN 1431-1933 ISSN 2197-7178 (electronic) Contributions to Economics ISBN 978-3-319-39069-7 ISBN 978-3-319-39070-3 (eBook) DOI 10.1007/978-3-319-39070-3 Library of Congress Control Number: 2016955059 © Springer International Publishing Switzerland 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG Switzerland

Preface

This book, entitled ‘The New Industrial Policy of the European Union’, has been prepared within the framework of a research project conducted in the Collegium of World Economy at the Warsaw School of Economics. The main objective of the research was to identify and evaluate major features, instruments, and effects of both the past and present industrial policy in the EU in order to identify and define the most important components of a modern EU industrial policy. Nowadays, the Europe 2020 Strategy is still the platform for new development concepts for the European Union. Within the framework of the Strategy, the European Commission has presented many initiatives and concepts for reinforcement of the industrial base in the Member States of the European Union. One of the most widely discussed instruments of industrial policy is governmental intervention in the market. There are three ways for public administration to impact entrepreneurs’ behaviours: (1) creating the legal framework for the administrative and legal environment for economic activities, (2) through a political climate supporting objectives defined by the governing party, and (3) offering financial incentives and support improving th