Policy Article
Time for a new Industrial Policy? (in German)
Authors
Publication Date
Key Words
Related Topics
International Trade
Innovation and Structural Change
Growth
Globalization
Foreign Direct Investments
Digitalization
USA
Germany
Europe
China
Economic Policy in Germany
In their paper, the authors warn of a new trend towards autarky under the catchword of "technology sovereignty", which jeopardizes the benefits of globalization. They consider the reluctant industrial policy of Germany as successful. German policy should promote the development of the EU Internal Market and continue to support open world markets, fair rules and compliance, rather than weakening multilateralism. The authors point out that internal reforms are the most important factors in maintaining and expanding prosperity in Germany.
Lead authors: Dirk Dohse and Gabriel Felbermayr