ABSTRACT
This essay provides an institutional approach to the analysis of the Norwegian state's effort to promote industrial development between 1950 and 1980. It explores the extent to which national financial systems influence the ability of governments to intervene in industrial policy. It also explores the extent to which both the governance structures and investment strategies of Norwegian firms have been influenced by government policy. It demonstrates that the financial system is indeed a critical factor in the effective implementation of industrial policy in the period in question.
