<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The union of the most developed European countries and their heavy industry based economies after the World War II, seemed like the only answer to USA’s and Japan’s powerful economies. At the same time, it was the only chance for Europe to become competitive in the global market. That was achieved through various forms of economic communities, formed in Europe in the second half of XX century. Since the 1992. Maastricht Treaty, they are known as the European Union. European Union industrial policy had the same priorities since the very beginning – to make Europe the leader of global economy, through investments in knowledge and high-tech inovation. However, that still hasn’t happened and considering all the economical and political crisis shaking the Union lately, chances are it can hardly happen at all. Reasons are numerous and different, both inside and outside the Union. The implicit question being posed here is have the most developed world countries and their economies reached their peak and can the EU achieve further growth on the supersaturated global market? This paper investigates the role of industrial policy as one of the key factors for solution to many problems in the past as well as in the future of the EU, which would make this economic and political community of European countries much more competitive on the global market.</p></abstract>

The union of the most developed European countries and their heavy industry based economies after the World War II, seemed like the only answer to USA’s and Japan’s powerful economies. At the same time, it was the only chance for Europe to become competitive in the global market. That was achieved through various forms of economic communities, formed in Europe in the second half of XX century. Since the 1992. Maastricht Treaty, they are known as the European Union. European Union industrial policy had the same priorities since the very beginning – to make Europe the leader of global economy, through investments in knowledge and high-tech inovation. However, that still hasn’t happened and considering all the economical and political crisis shaking the Union lately, chances are it can hardly happen at all. Reasons are numerous and different, both inside and outside the Union. The implicit question being posed here is have the most developed world countries and their economies reached their peak and can the EU achieve further growth on the supersaturated global market? This paper investigates the role of industrial policy as one of the key factors for solution to many problems in the past as well as in the future of the EU, which would make this economic and political community of European countries much more competitive on the global market.

Industrial Policy As The European Union Competitiveness Factor On The Global Market

University of Niš, Faculty of Economics, Serbia

Economic Themes

This chapter is distributed under the terms of the Creative Commons Attribution 4.0 Public License.

INDUSTRIJSKA POLITIKA KAO FAKTOR KONKURENTNOSTI EVROPSKE UNIJE NA GLOBALNOM TRŽIŠTU

The union of the most developed European countries and their heavy industry based economies after the World War II, seemed like the only answer to USA’s and...

Industrial Policy As The European Union Competitiveness Factor On The Global Market

Published Online: Oct 14, 2015

Page range: 297 - 312

Received: Aug 29, 2014

Accepted: Oct 24, 2014

DOI: https://doi.org/10.1515/ethemes-2014-0019

Keywords
industrial policy, EuropeanUnion, competitiveness, global market, economic-political crisis

© 2014 Gorica Bošković et al., published by De Gruyter Open

This chapter is distributed under the terms of the Creative Commons Attribution 4.0 Public License.

Industrial Policy As The European Union Competitiveness Factor On The Global Market

Published Online: Oct 14, 2015

Page range: 297 - 312

Received: Aug 29, 2014

Accepted: Oct 24, 2014

DOI: https://doi.org/10.1515/ethemes-2014-0019

Keywordsindustrial policy, EuropeanUnion, competitiveness, global market, economic-political crisis

© 2014 Gorica Bošković et al., published by De Gruyter Open

This chapter is distributed under the terms of the Creative Commons Attribution 4.0 Public License.

Keywords
industrial policy, EuropeanUnion, competitiveness, global market, economic-political crisis