Pro-competitive Industrial Policy – OECD – June 2024 OECD discussion

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.

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”
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