Abstract
Due to the progressive globalization of the economy the industry in Northrhine Westfalia faces new challenges. Structural changes are necessary in order to adopt successfully to the changing environment. Northrhine Westfalia possesses locational assets such as its infrastructure, stable political conditions and the qualification of its employees, which are rated positively by enterprises. In order to strengthen the competitiveness of its economy there is, however, still a need for political action. Examples of a successful industrial policy include support for a co-ordinated initiative by the car industry, the development of a transport registration system in order to make the transport infrastructure more efficient, support for an initiative by trade unions and business associations aimed at improving the educational system, financial support for research and development in high tech sectors and the setting up of new enterprises.
© 1996 by Lucius & Lucius, Stuttgart