Why it is difficult to implement industrial policies: lessons from the Synfuels experience

Article Abstract:

An example of a recent effort to initiate and sustain a strongly interventionist, long-term industrial policy is the U.S. Government's synfuels program. In this case, increased opportunities for business gain were offset by government-erected barriers to business development. The complexities of political coalition building and inter-business rivalry also hindered the progress of the program. General lessons to be learned are that changes in market forces, the tendency of both government and business toward fragmentation, and design problems can make this type of industrial policy hard to establish and implement. In the absence of a lasting crisis which mobilizes a large segment of the population or a profound change in market forces which has the effect of realigning business-government relations, the systematic pursuit of such long-term industrial policies is not likely. (Reprinted by permission of the publisher.)

Gas production and-or distribution, United States, Energy policy, Economic policy, International competition (Commerce), International competition (Economics), United States. Synthetic Fuels Corp.

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Government-business relations in the European Community

Article Abstract:

This article explores the dynamics of business participation in policy making in the European Community. The government-business relationship in Europe differs from the U.S. model in four significant ways. First, the process is less transparent and formal than in the United States. Second, much of the interaction takes place out of public sight. Third, the tone of the relationship is more consensual and less confrontational. And fourth, because of the European parliamentary system there is no equivalent to the strong and direct role played by the U.S. Congress. The private sector's input with the European parliament is far less extensive and structured than with the U.S. Congress. (Reprinted by permission of the publisher.)

European Union. European Commission

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East Asian financial systems as a challenge to economics: lessons from Taiwan

Article Abstract:

Taiwan's successful industrialization is related to rigid control of their financial system. Limited choice of financial instruments, controlled interest rates and foreign financial transactions are some of the measures used to control the system.

Taiwan, Finance, Industrial development, Industrialization, Industrial management

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