Theory and Practice of Industrial Policy of the EU in the Context of Globalization Challenges

Increasing the competitiveness of European industry and ensuring that Europe can continue to maintain its significance as a power engine of sustainable growth and employment is the main objective of EU industrial policy. Realization of this aim is even more important in the context of globalization, in which Europe must strive to maintain its competitive advantage in competition with other developed economies and other actors play an increasingly important role. Industrial policy is one of the priority areas in Europe 2020, as evidenced by key initiative of the European Commission "Industrial Policy for the Globalization Era". A new industrial policy has started, focused on measures necessary to strengthen Europe's attractiveness as a location for investment and production. The aim of this paper is to outline the theoretical and practical opportunities and challenges for industrial policy of the European Union at the age of globalization and in the background of the economic crisis.