Investment, Employment and Aggregate Demand: A New European Industrial and Regional Strategy

Abstract

The recent economic crisis asks for expansive economic policies because already the crisis of 2007-2008 showed the lack of investments and low employment rates as the crucial week points of the European economy. Recently even European Commission recognized the urgency of a large investment plan in Europe to face the Covid’s crisis with the launch of the NGEU to reach green and sustainable goals. This underlines the role of development industrial policies and the coordination of the dynamic relationships between cities and regions with Europe giving a big push to territorial development projects. Industrial and development planning should be realized through a multilevel and experimental governance.