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PRO-COMPETITIVE INDUSTRIAL
POLICY
Presentation of the OECD Background paper
Wouter Meester
OECD Competition Division
12 June 2024
• 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
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

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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