Finance and Industrial Policy

<p>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.<br /><br />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.<br /><br />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.</p>