It is widely admitted that markets are the main driving force of the economy but governments' intervention could, in some circumstances, improve on their outcomes. This book provides a structured analysis relating theoretical arguments, implementation approaches and effectiveness of industrial policy.

Autorentext
PIERRE-ANDRÉ BUIGUES holds a PhD in Sciences and in Economics. He is professor at Toulouse Business School, France, and was former advisor to the Chief Economist on Competition at the European Commission. He advised on numerous mergers and wrote several papers on industrial organization.

KHALID SEKKAT holds a PhD in Economics. He is Full Professor of Economics at the University of Brussels, Belgium, and member of the Royal Academy of Sciences and Technologies (Kingdom of Morocco). He published numerous articles and books and was economic adviser at the European Commission.

Inhalt
Introduction PART I: THEORY AND EMPIRICAL EVIDENCE Public Support to Business: An Overview Cases for Public Support: Market Failures Argument Against Public Support: Government Failures Instruments of Support: Subsidies and Public Procurement Effectiveness of Public Support PART II: QUANTITATIVE ASSESSMENT Subsidies and State Aid Public Procurement PART III: COUNTRY STUDIES Public Support in Germany Public Support in France Public Support in the United Kingdom Public Support in the United States Public Support in Japan Conclusion List of Acronyms References