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NATIONAL INDUSTRIAL POLICY AND ECONOMICALLY DISTRESSED COMMUNITIES
Author(s) -
Bendick Marc,
Ledebur Larry C.
Publication year - 1981
Publication title -
policy studies journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.773
H-Index - 69
eISSN - 1541-0072
pISSN - 0190-292X
DOI - 10.1111/j.1541-0072.1981.tb00998.x
Subject(s) - prosperity , government (linguistics) , industrial policy , business , private sector , public policy , national government , national policy , economic policy , empirical evidence , economic growth , public economics , economics , international trade , political science , politics , linguistics , philosophy , epistemology , law
Industrial policy refers to deliberate government actions to affect the growth or decline of firms or industries for the sake of aggregate national prosperity and international competitiveness. This paper presents empirical evidence that policies designed to promote these objectives would be targeted differently from those designed to promote development of economically‐distressed regions and communities. Facing multiple objectives, it is difficult for the public sector to pursue industrial growth directly as effectively as can private entrepreneurs. However, government aid to economically‐distressed locales and dislocated workers and firms may indirectly support national industrial policy goals.