Finance and Industrial Policy. Beyond Financial Regulation in Europe

Published by Oxford University press. You can buy the book here. The 2008 global financial […]

Book

01/02/2016

Published by Oxford University press. You can buy the book here.

The 2008 global financial crisis, together with the experience of de-industrialization across Western Europe over the last three decades, has focussed attention on financial regulation and industrial policy. 

Industry and finance policies have largely been discussed separately, and this book argues that the two should be considered together, in both analysis and policy formulation that deals with critical questions of how finance has intervened in industrial restructuring and how it might better serve the real economy. Moreover, policy debates have paid relatively little attention to the heterogeneous economic structures and growth trajectories of European economies, and the interconnectedness and interdependencies of growth paths that present specific challenges to policy and highlight the need for cooperation across the region.

This book brings together leading scholars and policy makers to contribute to policy debates in three ways. First, it includes current discussions of banking policy, regulation, and reform to reassert the need for financial institutions that will back up and finance an industrial policy to revive the European economy. Second, it reviews the role of industrial and investment policy in supporting innovation, creating jobs, and generating sustainable economic growth. Third, it advances alternative policy proposals aimed at generating sustainable economic growth and employment in Europe. Part I analyses the nature of growth, industrial, and economic restructuring in relation to finance in the lead up to the crisis, at regional, national, and sector levels. Part II presents alternative and progressive policy proposals for growth and employment in Europe in light of the analysis presented in Part I.

INDEX

Massimo D’Alema: Foreword
1: Susan Newman, Giovanni Cozzi, and Jan Toporowski: Introduction
Part I: Finance, Economic, and Industrial Restructuring
2: Riccardo Bellofiore and Francesco Garibaldo: Beyond Keynesianism: Recovery and Reform in a European New Deal
3: Michel Aglietta: Finance, companies and competition
4: Joachim Becker, Predrag Cetkovic, and Rudy Weissenbacher: Financialization, Dependent Export Industrialization and Deindustrialization in Eastern Europe
5: Nicolas Balas and Florence Palpacuer: Financialization, De-Territorialization of Global Value Chains and Development Implications: A Case Study of Innovation in a Microelectronics Cluster in France
6: Daniela Gabor: Re-regulating European Banking: An Interconnectedness Approach
Part II: Finance and Industrial Policy for Post Crisis Recovery
7: Jan Toporowski: Towards Financially Sustainable Prosperity
8: Mariana Mazzucato: The Myth of the ‘Meddling’ State
9: Michele Mastroeni and Alessandro Rosiello: Regional Industrial Development: Moving Beyond Specialization
10: Sue Konzelmann and Marc Fovargue-Davies: Public Policy Working: Catalyst for Olympic Success
11: Giovanni Cozzi: Finance and Investment in the Eurozone
12: Matthias Kollatz-Ahnen, Stephany Griffith-Jones, and Udo Bullmann: Industrial Policy as a Contribution to Overcome the Crisis in Europe

Find all related publications
Publications
21/11/2022

The EU and North Africa: Towards a just Twin Transition?

In an era marked by a deficiency in sustainable growth and a profusion of novel […]
08/11/2022

Building resilient democracies

Challenges and solutions across the globe
23/10/2022

The EU and gender equality

FEPS Primers Series - Agnes Hubert
23/10/2022

The progressive potential of the EU

FEPS Primers Series - Richard Corbett
Find all related news
News
15/11/2022

FEPS delegation at COP27

FEPS delegation was present at COP27, with the strategic objectives of mobilizing climate finance for […]
20/10/2022

Europe’s largest Gen Z-focused research ever conducted

The Foundation for European Progressive Studies (FEPS) and ThinkYoung have conducted, over 3 years, Europe’s […]
18/10/2022

Open letter to call for a deep reform of the EU fiscal rules

FEPS cosigned an open letter to EU leaders calling for them to address the underlying structural […]
23/09/2022

FEPS President in the United Nations General Assembly

During the UNGA 77 week in New York, FEPS is expanding its global partnership. Among […]
Find all related in the media
In the media

El PSC se reunirá de nuevo con el Govern el miércoles por los Presupuestos

by EuropaPress 24/11/2022
EuropaPress echoes the 'Twin Transition' event in Barcelona, organized by FEPS and Fundació Campalans, with the participation of Salvador Illa and FEPS President Maria João Rodrigues.

A baloldal főutcája

by Népszava 21/11/2022
Article by FEPS Secretary General László Andor on the state of social democracy after the PES congress - “The main street of the left”

La doble transición verde y digital como arma contra los depredadores de la energía

by Crónica Global 18/11/2022
Article by Pau Solanilla, Director of Fundació Rafael Campalans, ahead of the FEPS-Campalans event 'Figuring out the Twin Transition'

El reto de las Smart Cities, combinar digitalización y sostenibilidad

by ABC 18/11/2022
Article by Pau Solanilla, Director of Fundació Rafael Campalans, ahead of the FEPS-Campalans event 'Figuring out the Twin Transition'