By Pat Devine
What does competitiveness suggest? in recent times, dialogue of financial coverage has turn into ruled by means of the idea of competitiveness. during this quantity a gaggle of prime economists discover the problem via cross-country comparisons and via unmarried state case stories. additionally they learn: * the connection among competitiveness and group targets * the co-existence of range, subsidiarity and european business coverage * the influence of ecu expansion and extra integration
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Additional info for Competitiveness, Subsidiarity and Industrial Policy (Industrial Economic Strategies for Europe)
Elsewhere, in a related paper, he also discusses in a similar context the phenomenon of social dumping—‘most European governments experience a pressure to degrade labour standards, reduce transfer payments and cut public consumption in a struggle for market shares and inward investments’ (Willner 1994:3)—which brings us to protectionism, the second potential industrial policy regime. Protectionism is generally considered by economists schooled in the AngloSaxon tradition to be undesirable. Sinclair argues that the end of the world trade boom evident in the 1980s was associated with a pause in the GATT trade liberalization process, an increase in agricultural protection, greater use of quantitative import barriers, and the growth of regional trading blocs promoting intra-regional at the expense of intercontinental trade.
This experience has been further analysed by Farrands and Totterdill (1993). It is worth quoting part 10 COMPETITIVENESS, SUBSIDIARITY AND INDUSTRIAL POLICY of their conclusions on future possibilities for the development of a ‘strategicdiscursive mode of regulation’ at some length. They emphasize: The enhanced significance of locality as an appropriate level of regulation, but within the context of supranational strategic frameworks. Priorities for the structural adjustment of key areas of economic activity may increasingly be established at European level in order to secure the competitiveness of community-wide industry in world markets.
An alternative, third, regime for industrial policy would consist of rules, institutions and processes through which communities could negotiate an intercommunity division of labour that was consistent with their objectives. Communities would have to be competitive in the sense defined in the Introduction—they would have to be able to offer something that other COMPETITIVENESS AND THE OBJECTIVES OF COMMUNITIES 9 communities wanted in exchange for what they wanted from other communities. Cowling and Sugden have stated clearly what is needed: In Europe industrial policy must be regional policy, inspired and created within the regions, but regional policy must be coherent as a whole, at the inter-regional level, and common desires across regions should be pursued collectively.
Competitiveness, Subsidiarity and Industrial Policy (Industrial Economic Strategies for Europe) by Pat Devine