Policy Article

Time for a new Industrial Policy? (original publication in German)

Kiel Policy Briefs, 122

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