Europe first? The rise of EU industrial policy promoting and protecting the single market

Carlo, Donato Di; Schmitz, Luuk

doi:10.1080/13501763.2023.2202684

Cited by 40 publications

(4 citation statements)

References 72 publications

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“…Especially since the mid-2010, there has been a clear rise and renewed attention given to EU industrial policy as well as greater integration of different industrial policy functions at the supranational EU level (Bulfone 2023;Di Carlo and Schmitz 2023). The interplay of functional, cultivated and political spillovers, driven especially by the Franco-German backing of more pro-EU industrial policy positions since 2016, explains the timing of the rise of this more ambitious and far-reaching EU industrial policy (Di Carlo and Schmitz 2023).…”

Section: The European Commission (Still) At the Helm: Pushing Eu Econ...mentioning

confidence: 99%

Gouvernement Économique, but Not Like in the 1990s: The Commission and the ECB's Policies Advancing the ‘Green Transition’

Spendzharova

2023

J of Common Market Studies

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Section: The European Commission (Still) At the Helm: Pushing Eu Econ...mentioning

confidence: 99%

Gouvernement Économique, but Not Like in the 1990s: The Commission and the ECB's Policies Advancing the ‘Green Transition’

Spendzharova

2023

J of Common Market Studies

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“…This special issue aims to contribute to this debate by introducing the concept of the “Investor State.” It joins a list of concepts that have proliferated in an attempt to grasp the evolving role of the state in the economy and its relationship with the market. These concepts include the “catalytic state” (Prontera and Quitzow, 2022), the “entrepreneurial state” (Mazzucato, 2013), “state capitalism” (Alami and Dixon 2020), the “hidden investment state” (author 2, 2019), the revitalized concept of the “developmental state” (Block, 2008; DiCarlo and Schmitz, 2023; McNamara 2023), the “substitutive state” (Berry, 2022), the “corporate welfare state” (Bulfone et al, 2022), and the “European de-risking state” (Gabor 2023). These concepts vary in their focus on either the productive state capacities or the distributive consequences of contemporary state intervention.…”

Section: State Of the Literature: Characterizing Contemporary State I...mentioning

confidence: 99%

The European Investor State: Its characteristics, genesis, and effects

Lepont,

Thiemann

2024

Competition & Change

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In the wake of financial, sovereign debt and health crises, public interventions in the European economy have taken on a new level of breadth, marking a reentry in force of the state in economic life that goes beyond the regulatory state. Yet, these interventions do not follow the old Keynesian interventions neither, being shaped through a particular logic of investment that link public and private actors in a particular configuration. The introduction to this special issue lays out this configuration for the case of the EU and its Member States through the concept of “European Investor state.” By this concept, we refer to the redefinition of the role of European states in the economy as an “investor,” in reference to private investment funds, which the state seeks both to imitate and to enroll. The paper embeds this redefinition of state intervention in the context of the 2010s in Europe, characterized by worries about “secular stagnation” and growing concern about an “investment gap,” interpreted as the failure of financial markets to invest in productive sectors, especially when risky. The budgetary constraints and the ideological outlook then shaped the specific financial and off-balanced sheet tools of the investor state. Finally, the paper explores the implications of the Covid-crisis on this intervention model. It concludes that despite major changes in fiscal policy at the EU level, this approach is likely to persist, because of the lasting interpretation in terms of “investment gap,” which only public-private collaborations are seen to be able to fill.

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“…There is a growing literature on realist balancing, portrayed as geopolitical turns in foreign (economic) policies of the EU and the US (Di Carlo & Schmitz, 2023;Meunier & Nicolaidis, 2019;Schmitz & Seidl, 2022) since 2015-2016. We can see Waltzian attention to the relative balance of power in the EU's desire to build Strategic Autonomy for its own sake, and the Trump administration's efforts to undercut China's economic growth and enhance American exports.…”

Section: Realism Liberalism and State Behaviour In Chip And 5g Develo...mentioning

confidence: 99%

Semiconductor and ICT Industrial Policy in the US and EU: Geopolitical Threat Responses

Donnelly

2023

PaG

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<p>This article analyses chips and critical ICT infrastructure policy in the US and the EU. It examines the increasing importance of Waltian geopolitical security threats on both sides of the Atlantic as a driver of industrial policy, export controls, self-sufficiency, and friendshoring as a replacement for dependence on global supply chains. It shows that threat perceptions are strong and bipartisan in the US, allowing comprehensive, strategic and well-funded industrial policy. Threat perceptions driving chip and 5G industrial policy are also present in the EU’s Economic Security Strategy and related policies. However, differing national preferences dilute a Waltian turn with continued attachment to liberal (global supply chain) approaches to chips and 5G infrastructure and a Waltzian realist stance (capacity-building to build, protect, and promote regardless of security threat) that occupies the middle ground.</p>

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Europe first? The rise of EU industrial policy promoting and protecting the single market

Cited by 40 publications

References 72 publications

Gouvernement Économique, but Not Like in the 1990s: The Commission and the ECB's Policies Advancing the ‘Green Transition’

Gouvernement Économique, but Not Like in the 1990s: The Commission and the ECB's Policies Advancing the ‘Green Transition’

The European Investor State: Its characteristics, genesis, and effects

Semiconductor and ICT Industrial Policy in the US and EU: Geopolitical Threat Responses

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