|Author (Person)||Szczepański, Marcin, Zachariadis, Ioannis Agamemnon|
|Author (Corporate)||European Parliament: European Parliamentary Research Service|
|Series Title||EPRS In-Depth Analysis|
|Series Details||PE 644.201|
|Publication Date||December 2019|
Industry plays a pivotal role in the EU's economy and growth model. Today, however, it stands at the crossroads, heavily affected by new disruptive forces, ranging from the rise of new technologies to shifts in global economic power and evolving geopolitical circumstances. Addressing these challenges raises a number of critical dilemmas, such as the need to pursue openness of markets and trade while protecting industry from unfair competition, or the need to promote greener and more sustainable industry while maintaining its global competitiveness. It also prompts a reconsideration of the EU's strategic positioning from a defensive to an offensive policy stance. These developments have triggered a lively debate on the need for a renewed, more assertive, comprehensive and coordinated industrial policy at EU level.
This paper reviews the current state of affairs and key challenges facing the EU and provides an analysis of the main policy options going forward.
|Subject Categories||Business and Industry|