Pro-competitive Industrial Policy – OECD – June 2024 OECD discussion
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This presentation by OECD, OECD Secretariat, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip. This presentation was uploaded with the author’s consent.
Pro-competitive Industrial Policy – OECD – June 2024 OECD discussion
- 1. PRO-COMPETITIVE INDUSTRIAL POLICY Presentation of the OECD Background paper Wouter Meester OECD Competition Division 12 June 2024
- 2. • Resurgence of industrial policy • “A set of government interventions intended to structurally improve the performance of the domestic business sector” (Criscuolo et al.) • Objectives have expanded Context 2
- 3. 1. Competition Policy affecting Industrial Policy – Industrial policy is most effective in competitive markets – Enforcement can be prioritized in priority sectors for industrial policy or even slightly adapted 2. Industrial Policy affecting Competition Policy – industrial policy can create or increase competition (focus on market openness) – industrial policy can be supportive of competition – industrial policy instruments should tackle market failures and lead to a minimum of market distortions Two “meeting points” 3