---
title: "Searching for the Role of the State – Why Industrial Policy Has Made a Comeback?"
authors:
  - name: "Ali-Yrkkö, Jyrki"
    url: "https://www.etla.fi/henkilot/ali-yrkko-jyrki/"
    sameAs:
      - "https://orcid.org/0009-0005-2977-6878"
date_published: "2025-11-12"
series: "ETLA Muistio - ETLA Brief"
series_number: "165"
issn:
  - "2323-2463"
jel_codes:
  - "L52"
  - "L53"
  - "H25"
language: "fi"
publisher: "ETLA Economic Research"
pdf_url: "https://www.etla.fi/wp-content/uploads/ETLA-Muistio-Brief-165.pdf"
identifier: "https://www.etla.fi/julkaisut/id/ETLA-Muistio---ETLA-Brief-165"
abstract_translations:
  en: "After several decades, Finland has released an industrial policy strategy, joining other European nations such as Germany, Italy, and the United Kingdom in doing so. We compare the arguments put forward by countries regarding the necessity of such a strategy. Geopolitical tensions are a common concern, as are international dependencies that could jeopardize national security. Additional justifications related to market failures include state aid competition and the clean transition or reduction of greenhouse gas emissions. Unlike the other three countries, the UK’s strategy emphasizes seeking opportunities rather than merely addressing problems and challenges."
---

# Searching for the Role of the State – Why Industrial Policy Has Made a Comeback?

**Published:** 2025-11-12  
**Categories:** Promemoria  
**URL:** https://www.etla.fi/sv/publikationer/promemoria/valtion-roolia-etsimassa-miksi-teollisuuspolitiikka-on-tehnyt-paluun/

#### Abstract

After several decades, Finland has released an industrial policy strategy, joining other European nations such as Germany, Italy, and the United Kingdom in doing so. We compare the arguments put forward by countries regarding the necessity of such a strategy. Geopolitical tensions are a common concern, as are international dependencies that could jeopardize national security. Additional justifications related to market failures include state aid competition and the clean transition or reduction of greenhouse gas emissions. Unlike the other three countries, the UK’s strategy emphasizes seeking opportunities rather than merely addressing problems and challenges.

---

## Additional Information

**Kirjoittajat:** Ali-Yrkkö, Jyrki

**Publication Research:** No

65339

**Kansikuva:** https://www.etla.fi/wp-content/uploads/etla-muistio-brief-165-kansi.jpg

**Lataa Pdf:** https://www.etla.fi/wp-content/uploads/ETLA-Muistio-Brief-165.pdf

**Key Words:** Business affairs policy, Industrial policy, Motives, Geoeconomics, Geopolitics

**Jel:** L52, L53, H25

**Paivays:** 12.11.2025

**Sivuja:** 8

**Kieli:** fi

**Sarja:** ETLA Muistio - ETLA Brief

**Sarja Nro:** 165

**Issn:** 2323-2463

**Saatavuus:** 2



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