ABSTRACT
WHY TALK ABOUT ‘INDUSTRIAL POLICY IN AN OPEN ECONOMY’? In the 1980s the concept of ‘industrial policy’ was eliminated from economic debates. There was a return to a mythical vision of the market as a single institution sufficient to manage the economy and it was held that the role of the State must be minimal, implicitly accepting a vision of society based on a social evolutionism rooted in biology, in which economic dominance was an expression of efficiency and ability to adapt to external events.
