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In the global financial crisis, competitiveness gaps between Euro area countries caused additional strain. This book discusses the various dimensions of competitiveness, with a special focus on Central, Eastern and Southeastern Europe. With products becoming ever more technically sophisticated and global interconnectedness on a relentless rise, quality, customer orientation and participation in production networks are as important as relative costs and prices. For Europe to proceed with convergence and to resist global competitive pressures, policies to boost productivity and innovation are therefore vital.
The European Union (EU) was launched as a response to the economic dominance of the United States and – to a lesser degree – the Soviet Union. The nations of Western Europe were too small to compete against large scale and diversi?ed economies on their own. Six countries, eventually expanding to 27 (and counting), took a series of steps toward progressively deeper integration: the removal of int- nal tariffs, the construction of a common external tariff, the elimination of many (but not all) non-tariff barriers leading to a single market, and the adoption of a c- mon currency by 15 of the member states. The EU today equals and even exceeds the U. S. on many key indicators of performance. In the process, two similar but nonetheless divergent models of social and economic life stand in contrast with each other. The U. S. is more committed to capitalism and does little to dilute its harsh edges while the nations of Europe support wider social safety nets and more active regulation of commercial activity to mute the crueller aspects of the free-market. Until recently, the economic dynamism of the U. S. called into question whether the so-called European social model was sustainable in an era of globalization. The EU was slipping in competitiveness and was being challenged by new global pow- houses like China and India. Although the U. S. economy has slowed, there is little indication that European countries are capable of leveraging the situation to their advantage.
"This book presents the long-term guidelines for potential socioeconomic reforms, the conceptual approaches to the related target-setting and the overall search for efficient instruments for such reforms' implementation under the conditions of resources' internationalization, universalization of development goals along with limiting administrative competences of national government"--
The discussion on boosting industry and competitiveness in Europe took place during the Extraordinary Meeting of the Employers' Group in Brussels, Belgium on 13th November 2013. The discussion on re-industrialisation of Europe took place during the panel organised by the Employers' Group in the framework of the European Forum for New Ideas on 26th September 2013 in Sopot, Poland. -- EU Bookshop.
This book analyses the key factors determining European competitiveness. It focuses in particular on the issues of internationalization of firms and markets, the role of technology and innovation, and of continuing European integration, and deals with these issues on the level of firms, industries and countries. The competitiveness of the EC as a whole, relative to the USA and Japan, is also examined. Part I deals with internationalization, the organization of firms, and the activities of multinationals in Europe. Part II focuses on trends in technological competitiveness, and its importance in growth and trade performance. Part III is concerned with structural change, the integration of the European market, competition and mergers, the role of the public sector, and the role of cultural differences. The book ends by addressing the role of industrial policy in the future of the Eastern European economies.
"This report presents a number of recommendations for actions that are needed to ensure that the EU becomes a more attractive place for investment and education and research opportunities. It is the result of five meetings held between September 2009 and May 2010 and the participation of numerous industry stakeholders, practitioners, academics and representatives of institutions such as the European Commission, the European Investment Bank and the European Patent Office."--Foreword.