6. Concluding remarks and implications for industrial
policy Prior work has documented the need for industrial policies to go beyond “national systems of innovation”. Ostry and Nelson (1995), for example, reports that as firm's activities have become increasingly global integrated, national government policies have less control over economic markets. However, these studies have not focused on countries that have become part of global supply chains, despite their relatively low R&D capacity, such as Portugal. Although our work focuses on the promotion of technological innovation through OEM establishment in the automotive sector, we expect that lessons concerning industrial policy are relevant to other sectors like, for example, aeronautics.