US, China, Japan, SK & EU: Industrial Strategies and Global Firm Challenges

Abstract

The lack of a strong global industrial policy, intended to develop European industries, is at the root of many unsolved problems such as the ‘traceability’ of products, manufacturing abroad, label transparency, etc. These problems essentially highlight the conflicts between those who ask for actions aimed at promoting greater local employment and those who instead want interventions for greater sales support, without having understood the growing role of Asian countries in the world economy. These will see a new, exceptional acceleration of the global integration processes and an additional growth in the ‘global network’ dimensions in the next three/five years. Global networking emphasizes the importance of highly competitive corporate policies with tight synergies that have a robust national development policy based on the industrial system’s identity, i.e. on specific ‘immaterial macro-system factors’.