The Future of European Industrial Policy
The Future of European Industrial Policy

Author(s): Marta Makowska
Subject(s): Supranational / Global Economy, Governance, Economic policy, International relations/trade, Economic development
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: European Union; EU economy; industrial policy; industrial strategy; financial support for new technologies;
Summary/Abstract: European Union Member States are pushing the European Commission (EC) to present a new EU industrial strategy by the end of this year. Germany and France have made the most specific proposals. They want a revision of antitrust policy, protection of the common market against unfair external competition, and financial support for new technologies. The implementation of this vision could enable the establishment of European “champions” capable of competing with global entities. According to critics, however, it will have a negative impact on competition within the EU, generating additional costs for consumers and businesses.

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