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European Political Strategy Centre: A vision about EU Industrial Policy after Siemens – Alstom Deal

Petre Prisecaru ()
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Petre Prisecaru: IWE

Global Economic Observer, 2019, vol. 7, issue 1

Abstract: - Due to Industry 4.0 and mainly to rapid innovative technologies and developments like Internet of Things, Artificial Intelligence, robotics, Big Data and platforms, connected and autonomous systems, 5G, 3D printing, ICT security and block chain, it emerged the need for developing a comprehensive and long-term EU industrial strategy in line with the current technological developments. In March 2019 European Political Strategy Centre from European Commission published a paper entitled EU Industrial Policy after Siemens-Alstom, Finding a new balance between openness and protection. This strategic framework presented by EPSC has an introduction, called The Bigger Picture and two parts: Levelling the Global Playing Field and Industrial Leadership Starts At Home. In the introduction the focus is put on digitalization, electric cars. AI, robotics, 3D printing, completing the Single Market, China’s progress and competition. In the first part of strategy the analysis is focused on the role of EU trade policy while in the second part on four major initiatives: Single Market Renaissance, Innovation & funding: fast-tracking investments into the sectors of the future, Regulation & standards: building up 'Brand Europe' , Partnerships for the future.

Keywords: industrial policy; strategic framework; trade policy; innovation; competitiveness (search for similar items in EconPapers)
JEL-codes: F13 H L O O (search for similar items in EconPapers)
Date: 2019-06
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