Work

The Relationship Between Competition Policy and Industrial Policy in an Era of Structural Change

Year: 2025

Type: article

Abstract: For decades, industrial policy and competition policy have been viewed as inherently conflicting, particularly where state intervention may distort markets. However, the current era of geopolitical uncertainty, technological transformation and fragile global supply chains calls for a rethinking of this dichotomy. This paper argues that competition policy should be seen as a key component of modern industrial strategy, especially for economies seeking to build strategic capabilities. It proposes greater institutional coordination between competition authorities and industrial policymakers to support more effective, forward-looking economic planning. By integrating market analysis and technology foresight into strategic policy design, governments can better navigate the challenges of structural change without repeating the mistakes of past industrial activism.

Source: Intereconomics

DOI: 10.2478/ie-2025-0040

Author: Diane Coyle

Institution: University of Cambridge

Language: English

Topic: Merger and Competition Analysis

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $2,690