Enterprises and Industrial Policy: Firm-based Perspectives

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1 Citation (Scopus)

Abstract

This chapter considers the central role of firm strategies in industrial policy. It focuses, in particular, on large firms which can make investments to realize economies of scale and scope, coordinate clusters of suppliers, and build capabilities. The main schools of thought addressing the theory of the firm and the development of productive capabilities are reviewed, especially with reference to the resource-based theory of the firm. Large firms generally have economic power and considerable political influence and, as such, a critical aspect is firms as agents in political settlements and the implications for industrial development. Substantive sections then cover the following key areas: market power, competition, and enterprise strategies; the internationalization of production and global value chains; and recent developments regarding digital platforms and the implications for industrial policy.

Original languageEnglish
Title of host publicationThe Oxford Handbook of Industrial Policy
PublisherOxford University Press
Pages150-177
Number of pages28
ISBN (Electronic)9780198862420
DOIs
Publication statusPublished - 10 Nov 2020

Keywords

  • Competition and enterprise strategies
  • Digital platforms
  • Firm-based perspectives
  • Industrial policy
  • Market power

ASJC Scopus subject areas

  • Economics, Econometrics and Finance (all)
  • General Business,Management and Accounting

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