Landesmann, Michael creator text au Wien Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw) 2025 monographic eng

print

42 S., 2 Tables and 4 Figures, 30cm. Industrial policy has become a core item in the policy agenda of many governments as well as of the EU which has come up with many policy initiatives over the past two decades. This paper emphasises the important shifts taking place in the global economy with the rise of China but also of other emerging/ed economies that affect the competitiveness of the European economy and challenges its traditional comparative advantages. The challenge to the European economy is compounded by having been left behind in some of the most innovative areas and branches of economic activity (IT, most recently AI, quantum and cloud computing) and also lagging behind in important technological shifts in more traditional industries (such as EVs in the transport equipment industry). On top of this – but also linked to global economic developments – have come rather big ruptures in geo-political relationships such as the decline of multilateral institutions and increasing conflictual relationships amongst the major acting powers on the global political stage. We discuss in this paper the challenges that EU industrial policy has to meet given the trends in geo-politics and geo-economics. EU industrial policy geo-economics geo-politics industrial restructuring China East Asia European Union US Wider Europe F02 F42 F51 F6 L5 L16 L52 O25 O31 O33 https://wiiw.ac.at/p-7342.html https://wiiw.ac.at/p-7342.html 250612 20260516120037.0 pwiiw7342