Europe's Economic Challenge considers what sort of industrial economic strategy would prepare Europe for the next century. The authors examine the broad approaches to industrial policy and explore future possibilities for what is needed if these policies are to become reality.

Drawing on the example of late-developing countries, especially from East Asia, catching up with established powers, the authors address a new formulation of industrial policy for latecoming, semi-industrialized countries.
With contributions from some of the best-known economists currently working in this area, the book will be a valuable guide for economists and international policy-makers interested in development issues.

The book identifies different national characteristics in terms of the motivation to privatise, the scale of privatization and its consequences.
In the opening chapters there is a detailed overview of the theoretical economic issues involved in privatisation and an assessment of privatization across the EU. The remaining ten chapters contain national case studies of EU countries which review the history of state ownership and privatization in each of these countries and evaluate the extent of privatisation. The role of European Commission directives in deregulating markets and stimulating...