Three organizations that focus on innovation policy: IDATE, Bruegel and the TIIC are pleased to invite you to a debate on the future role of the patent system in stimulating investment and growth in Europe. A panel, including authors of the special publication of IDATE’s Communications & Strategies journal on “the future of patents”, will discuss the issues facing investors, innovators and regulators. The debate will be followed by a reception. Issues of the IDATE publication will be offered to the attendees.
There have been several sovereign debt crises and debt restructurings during the past decades, primarily in emerging and developing countries, but during the past few years many European countries have also faced major difficulties in financing their budgets. Greece has gone through major debt restructuring. The regular reoccurrence of such crises in emerging countries, together with high public debt levels and weak growth outlooks in some European countries, suggests that debt restructuring could return to the agenda. However, there is no global legal framework for orderly sovereign debt restructuring, which could complicate the resolution of public debt overhangs. In Europe, there is a renewed discussion on whether Greek public debt should be restructured again, even though the bulk of Greek public debt is in the hands of official creditors and enjoys very preferential terms. The workshop brought together a distinguished group of speakers to assess legal options for debt restructuring and European challenges. The first session of the workshop assessed broader issues, drawing lessons from Argentina, Europe and hundreds of other debt restructuring episodes. How much does the lack of a global legal framework for debt restructuring hamper the resolution of sovereign debt crises? Can collective action clauses substitute the lack of a sovereign debt resolution mechanism? Is there a need for a European mechanism for sovereign debt crisis resolution? Would an automatic lowering of the debt burden upon the breach of contractually-specified thresholds be the right solution in the specific context of the euro area? The second session of the workshop focused on the current case of Greece. Is Greek public debt unsustainable? What is the rationale for offering debt relief for Greece? What are the available options to improve the sustainability of Greek public debt? Would a new Greek debt relief have implications for other EU countries which also received financial assistance during the crisis? The panellists offered some preliminary remarks on these and related questions, followed by a general discussion.
The economic and financial crisis in Europe has exposed the weaknesses of the euro area and it has brought about a major change in the perception of the consequences of euro adoption. Is Eurozone still attractive for other countries? Can it still deliver on its promise to accelerate growth, create jobs, and to increase the wealth of societies? Have the reforms of the economic governance brought the desired results? Is Poland ready to shoulder the membership? Is Polish economy prepared to benefit from the euro adoption? The Governor of the Narodowy Bank Polski will discuss all these questions, followed by comments from Sylvie Goulard, Member of the European Parliament.
We are pleased to announce that the SIMPATIC Final Conference will take place on 26-27 February 2015 at HUB- Rue d’Assaut 2, Brussels. SIMPATIC (Social Impact Policy Analysis of Technological Innovation Challenges) is a collaborative research project funded by the Socio-economic Sciences and Humanities Programme of the 7FP of the European Union, and provides a comprehensive and operational tool box, allowing for a better assessment of the impact of research and innovation policy in Europe. The aim of the Final Conference is to present all the research work conducted in the research areas of the project (micro, macro, green and social) during the 3 years projects, which will provide new scientific insights in fundamental and applied policy evaluation research. More information can be found on the website (www.simpatic.eu ) which offers in-depth project results, all project publications, as well as information on the research partners.
The Juncker Commission has prioritized the strengthening of Europe’s competitiveness and stimulating investment, economic growth, and job creation. The EU corporate sector will not only play a critical part in achieving these objectives but also will be a beneficiary of policies put forward as the Commission carries out its work programme over the next five years. Over the recent period, the EU corporate sector has faced a variety of new challenges, ranging from globalisation, technological change, and the overall macroeconomic environment (among many others). However, Europe has a bedrock of long-term embedded advantages (the size and wealth of its markets, the quality of its products and institutions, and its heritage, culture and education systems) which can both help the EU corporate sector successfully navigate these issues as well as open the door to potential opportunities for innovation, growth, and jobs. This discussion brings together a distinguished group of speakers to discuss how the EU corporate sector can reach its full competitive potential – and how both the public and private sectors can address obstacles to growth and confidence in the region and beyond. Registration for this event is restricted to Bruegel members and invitees.
A number of economies currently face the risk of becoming caught between rapidly-growing low-income countries with abundant and cheap labor, and middle-income countries that are able to innovate quickly. These dynamics could lead to a "moderate growth trap," characterized by job creation that is insufficient to absorb the expansion of the workforce. The evolving international environment requires a rethinking and reformulation of the growth strategy in order for countries to better position themselves in global value chains and prepare to compete in international markets for goods and services with high-skill-intensive labor and more sophisticated technological inputs. Two leading scholars from OCP Policy Center in Morocco will present a new publication “Morocco: Growth Strategy for 2025 in an Evolving International Environment” which includes a quantitative model providing a framework that can be generalized to other middle-income countries. The policy issues and related challenges facing Morocco are similar to those of most of the middle-income countries in the MENA region, and elsewhere. The implications in terms of the nature and the scope of interactions with EU economic developments and policies will also be discussed. Link to the book (in French)
Since competitiveness is at the heart of policy making at the Union level, the definition and availability of new indicators of competitiveness and assessment of data requirements needed to compute such indicators is an essential task, and it is the topic of the Blueprint “Mapping competitiveness with European data”. MAPCOMPETE, a support action for the European Commission carried out by a consortium of European research institutes (see www.mapcompete.eu), has been designed to address the challenges discussed above, with special reference to providing an assessment of data opportunities and requirements for the comparative analysis of competitiveness in European countries, both at the macro and the micro level. This Blueprint picks up some of the main issues of the MAPCOMPETE project and provides an inventory and an assessment of the data related to the measurement of competitiveness in Europe. This Report, and the associated meta-database available at www.mapcompete.eu – which provides detailed information on data accessibility and computability of more than 150 indicators – can be a key handbook for a researcher interested in measuring competiveness, or for policymakers interested in the feasibility and in the quality of alternative competitiveness measures. This Blueprint also identifies the opportunities emerging from recent progress made in scientific research and facilitated by different data providers who increasingly make their data available to research. Finally, this inventory allows us to identify the main issues that need to be addressed by policy makers in order to improve data accessibility for the economic analysis of competitiveness in Europe.
Since the start of the negotiations in 2013, negotiators have already met eight times in Brussels and in Washington. Despite important progress a number of crucial questions remain open which will be addressed during the workshop: Is TTIP too big for one bite? If so, what are sensible ways to divide the menu to ensure the overall success of the project? What mechanisms could help making each course balanced and that courses postponed for later negotiation will get addressed? Would it help or hurt for each side to declare its red-line subjects that simply cannot be addressed in the TTIP talks? What are practical means of achieving, even if gradually, regulatory convergence -- given the formidable turf issues, given the different regulatory environments on both sides of the Atlantic and given the reality that there are few agreed methods for balancing the safety and convenience of consumers against the costs and anti-competitive effects of regulation? Will it help or hurt to publish negotiating drafts, complete with brackets, as talks proceed, giving interested publics more time to analyze the provisional agreements and register their support or opposition?
In this closed-door seminar, Mr Hiroyuki Odagiri, Commissioner of the Japanese Fair Trade Commission (JFTC) will present Japanese competition policy. Mr Odagiri will speak about the development of Japan's Antimonopoly Law and the recent activities of JFTC, ranging from cartel and merger cases to reports on the electricity market and the childcare sector. He will also discuss the challenges that JFTC does and will face in the future (and actually so do EU and other competition authorities) such as the effects of globalized business activities and the need to tackle issues related to R&D and intellectual property rights. After Mr Odagiri's presentation, the floor will be opened to discussion amongst participants.