Industrial Policy

The Western Balkans - A Role for Industrial Policy

Some scholars underline the need to foster industrial development in the Western Balkans. They also highlight the difficulties of such a strategy because of the lack of protectionism – which leads to a rather pessimistic assessment of economic prospects in the region.

In this short note, I recall the importance of manufacturing industries for growth and the renewal of interests for industrial policies. I also indicate that there is room left for active industrial policies in the context of liberalizing economies – what matters is not so much the label ‘industrial...