Industrial policy

09 Juli 2019

Industrial policy refers to an intervention or government policy that attempts to improve the business environment or to alter the structure of economic activity towards sectors, technologies or tasks. Such interventions are expected to offer better prospects for economic growth or societal welfare.

European industry is facing major challenges in a changing industrial landscape. The future of the industry relies on its ability to adapt and innovate over time. This means investing in new technologies and embracing changes resulting from the rise in digitisation and the move towards a low-carbon and circular economy.

EU context

In September 2017, the European Commission set out a renewed industrial policy strategy aimed at investing in a ‘smart, innovative and sustainable industry’. It brings together new and existing initiatives in many areas of industry such as cybersecurity, plastics, renewable biological resources, intellectual property rights, public procurement, manufacturing and sustainable finance. According to the Commission, EU industrial policy aims to stimulate growth and competitiveness in the manufacturing industry and the EU economy as a whole.

Research

Given the importance of the manufacturing industry for productivity growth, competitiveness and sustainable job creation in the EU, Eurofound has carried out a pilot project on the Future of Manufacturing in Europe (2015–2019), proposed by the European Parliament and delegated to Eurofound by the European Commission (DG GROW).

Research covered a range of related topics such as reshoring, regional industrial policy capacity, new game-changing technologies, born globals and international supply chains, among others.

For more information on the project, including publications and events, see the web page Future of Manufacturing in Europe (FOME) .

Ongoing work

Highlights (13)

Alle (26)

Publications (15)

News (5)

Events (6)