In this volume Europe's leading industrial economists explore the theoretical basis for industrial policy in Europe and practical proposals for making industrial development happen. They approach the subject on a micro-, macro- and meso- level.

Early versions of the 19 contributions collected here were presented at the Warwick Conference of the European Network on Industrial Policy in December 1997 that focused on ways to establish a broad-based community control of industrial policy across Europe. Topics explored include the relationship between self-government and sustainable development, new types of work organization, small firm policy in Scotland, the regulation of transnational corporations, and the failure of policies which encourage firm mergers.
Annotation c. Book News, Inc., Portland, OR (booknews.com)

After a decade or more of privatisation and deregulation there is a growing consensus that government can have a positive role in promoting industrial development. This book explores a variety of ways in which this might be made to happen. A common theme is the need for participation at the appropriate level: too often industrial policy has been hampered by overcentralised decision-making. Containing contributions by some of Europe's leading industrial economists, Industrial Policy for Europe covers subjects from small business to macroeconomics.

Introduction / Keith Cowling — A reorientation of industrial policy? Horizontal policies and targeting / Keith Cowling, Christine Oughton and Roger Sugden — Sustainable regional development: new dimensions in policy formulation / Gerry Sweeney — The territorial challenge to innovation and endogenous regional development / Bj²rn T. Asheim — Europe's advantage? Work organisation, innovation and employment / Peter Totterdill — The competitive disadvantage of England / Simon Lee — The activation of bottom-up methodologies in a newly opened regional economy: an experience in the Oeste region of Santa Catarina, Brazil / Silvano Bertini and Gian Luca Baldoni — The entrepreneurial society in practice / Marc Cowling — Practical issues of networking and co-operation / Jacques de Bandt — Making small firms work: policy dimensions and the Scottish context / Gavin C. Reid — Industrial policy implications of competition policy failure in mergers / Hans Schenk — Public policy and the development of the informal venture capital market: UK experience and lessons for Europe / Colin M. Mason and Richard T. Harrison — The liability of small-scale investment: a simulation model of the performance of an early stage, technology-focused, venture capital fund / Gordon Murray and Richard Marriott — Universal service, universal access and the Internet / Jonathan Cave — Market structure, corporate objectives and cost efficiency / Johan Willner — Regulating transnationals: free markets and monitoring in Europe / David Bailey, George Harte and Roger Sugden — Industrial strategy in the era of transnationals: analysis and policy issues / Grazia Ietto-Gillies — Multinational enterprise investment and industrial policy / Cormac K. Hollingsworth — The macroeconomics of industrial strategy / Philip Arestis and Malcolm Sawyer.