Projecting the industrial policy and the institutions
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Abstract
Over the past half century, the research debate on industrial policy has intensified at certain points in time, starting from the active state intervention through the neoliberal approach to the passive state intervention. As a result, a set of the institutional concepts of industrial policy has been created. In outlining these concepts as well as instruments of industrial policy, the author puts forward a thesis: the effectiveness of institutional rules of that policy depends on whether informal institutions based on human interests, value systems etc., stay in line with formal rules. The paper reviews several hypothetical options regarding the interrelation in question.(original abstract)
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References
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