Based on studies of industrial policy carried out at the University of Pennsylvania Economics Research Unit, this volume presents an overview of the issues of industrial policy. The authors discuss the various meanings of industrial policy; explain the types of market-failure that would prompt most economists to accept governmental intervention at the industry level; chronicle selective intervention in developed and developing countries since World War II; and mull over the policy available to the United States. They seek to set the stage for further studies of general and industry specific incentives in the framework of models of the macro-economy and with respect to particular industries. ISBN 0-669-05412-7 : $25.95.

What does competitiveness mean? In recent years, discussion of economic policy has become dominated by the notion of competitiveness. In this volume a group of leading economists explore the issue through cross-country comparisons and by means of single country case studies. They also examine: * the relationship between competitiveness and community objectives * the co-existence of diversity, subsidiarity and EU industrial policy * the impact of European enlargement and further integration

It is widely admitted that markets are the main driving force of the economy but governments' intervention could, in some circumstances, improve on their outcomes. This book provides a structured analysis relating theoretical arguments, implementation approaches and effectiveness of industrial policy.

Industrial Policies after 2000 investigates industrial policy during a time of deregulation, privatization and a growing interest in small government. This book brings together scholarship from different countries, different institutional contexts, and different theoretical perspectives. That includes the neoclassical `market' approach, game theoretical models, and institutional economics.