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 Research Projects at the MPIfG

New Forms of Industrial Policy at the EU Peripheries

Fabio Bulfone


 
The global push towards liberalization and privatization altered the institutional structure of the capitalist order, limiting the scope for the implementation of traditional industrial policy measures. Nevertheless, the diffusion of the neo-liberal paradigm did not lead to the abandonment of all industrial policy efforts. In fact, the supranational integration of formerly protected sectors opened up new avenues of foreign investment for the most competitive national champions. Through innovative industrial policy strategies, governments can play a key role in helping the foreign expansion of their domestic firms. This project compares the strategies implemented in Italy, Spain, Hungary, and Poland to favor internationalization and reclaim domestic ownership of firms active in three formerly protected strategic sectors (“staatsnahe Sektoren”): telecommunications, electricity, and banking. It covers the period between the launch of the EU-led process of market integration of service sectors in the 1980s and the recent emergence in Hungary and Poland of populist governments that claim domestic ownership of strategic firms. Project duration: October 2018 to September 2020.
 

 
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