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Re-industrializing the Eurozone

Abstract : Real divergences in economic performances that emerge between countries belonging to the eurozone make it necessary to define an economic policy oriented toward a re-industrialization of some regions in Europe. In a world characterised by irreversibility of investment and imperfection of marketinformation, supply reforms should consist inestablishing a framework aimed at supporting both botcompetition and cooperation between the various players of innovation, and thus allowing firms'strategies tobesuccessful. This requires reconsidering both national and European policies that are growth-enhancing, that is,competition policy, labour policy, regional policy, but also industrial policythat takes the form of large public programmes. However, any change in the industrial landscape in Europe will only be possible if a new macroeconomicpolicy prevents inappropriate destruction ofproductive capacities
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Jean-Luc Gaffard. Re-industrializing the Eurozone. 2013. ⟨hal-00973031⟩

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