Table of contents:

ABBREVIATIONS

LIST OF FIGURES AND TABLES

EXECUTIVE SUMMARY

ZUSAMMENFASSUNG

1. INTRODUCTION

1 2. THE THEORETICAL CASE FOR INDUSTRIAL POLICY

2.1. Defining industrial policy

2.2. Motivating industrial policy

2.3. Implementing successful industrial policy

3. KEY CHARACTERISTICS OF THE EU POLITICAL ECONOMY

3.1. The EU's growth model

3.2. External economic dependencies of the EU economy

4. ASSESSING EU INDUSTRIAL POLICY INITIATIVES FOR THE TWIN TRANSFORMATION

4.1. Industrial Policy in the aftermath of the Eurozone crisis

4.2. The European Green Deal

4.3. Sources of funding for the Twin Transformation

4.4. Conclusions

5. KEY DEFICITS OF AND CHALLENGES FOR EU INDUSTRIAL POLICY

5.1. The lack of a coherent definition and of strategic outlook

5.2. The legitimacy problems of the current approach

5.3. The governance deficits of the current IP approach

5.4. The counter-productive macrofinancial framework

6. A PROGRESSIVE INDUSTRIAL POLICY AGENDA FOR THE TWIN TRANSFORMATION

7. REFERENCES