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Management of industrial surplus capacity in the European Community

  • Loukas Tsoukalis (a1) and António da Silva Ferreira (a2)

In a recent article for this journal, Susan Strange analyzed the political consequences of surplus capacity in three industrial sectors: steel, textiles, and shipbuilding. As she has shown, the emergence of serious problems of surplus capacity has accelerated protectionist trends in governmental policy in Europe and North America. The rhetoric of liberalism now is frequently accompanied by the reality of quotas, cartel agreements, subsidies for domestic firms, and discrimination against particularly dynamic producers.

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Susan Strange The management of surplus capacity: or how does theory stand up to protectionism 1970s style?”, International Organization, 33, 3 (Summer1979): 307

Raymond Vernon , “Enterprise and government in Western Europe” in Big Business and the State, R. Vernon , ed. (London: Macmillan, 1974

Alexis Jacquemin and Henry de Jong , European Industrial Organization (London: Macmillan, 1977), especially pp. 243–54

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International Organization
  • ISSN: 0020-8183
  • EISSN: 1531-5088
  • URL: /core/journals/international-organization
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