Reindustrialization Process in European Union

Petre Prisecaru

Revista de Economie Mondiala / The Journal of Global Economics, 2014, vol. 6, issue 2

Abstract: In order to support the economic growth and empolyment in EU European institutions have launches ambitious initiatives for a reindustrialization process based on new technologies and green energies. The aim is to increase the share of processing industry in GDP from 15.1% in 2013 to 20% in 2020 according to the objectives of Europe 2020 Strategy and also with those of other EU strategies and common policies. The focus will be laid on innovation and research activites, on supporting/financing SMEs and their internationalization, on the integration of EU firms into global value chains, on developing green energies, bio and key enabling technologies, on smart networks and on free trade and sustainable development.

Keywords: reindustrialization; processing industry; new industrial revolution; industrial policy; innovation (search for similar items in EconPapers)
JEL-codes: L16 L52 L78 (search for similar items in EconPapers)
Date: 2014
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