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Blueprint

Remaking Europe: the new manufacturing as an engine for growth

Europe needs to know how it can realise the potential for industrial rejuvenation. How well are European firms responding to the new opportunities for growth, and in which global value chains are they developing these new activities? The policy discussion on the future of manufacturing requires an understanding of the changing role of manufacturing in Europe’s growth agenda.

By: , , , , , , , , , , , , , , and Date: September 7, 2017 Topic: Innovation & Competition Policy

Manufacturing once provided Europe with many jobs that did not require high skills. The idea that such jobs can be revived is a central issue for many politicians and is behind the demand that products should be ‘made in’ the countries that consume them. But such rhetoric has as its reference point an old version of manufacturing, which has been supplanted by complex value chains and is highly automated and data driven. This new version of manufacturing also needs attention from politicians, but for different reasons than the provision of millions of old-style production-line jobs.
The policy discussion on the future of manufacturing requires an understanding of the changing role of manufacturing in Europe’s growth agenda. Europe needs to know how it can realise the potential for industrial rejuvenation. How well are European firms responding to the new opportunities for growth, and in which global value chains are they developing these new activities? Does Europe have the right conditions for its economies to create and capture value from the activities that contribute most strongly and sustainably to Europe’s growth and external competitiveness? This Blueprint helps to provide some of the answers. The evidence in this volume shows that the challenge for European policymakers is how to promote and attract those high-value added activities within global chains that are the basis for sustainable growth and competitiveness. Such activities are not necessarily production related, but will increasingly have service-like characteristics and do not necessarily require all the activities of the whole value chain to be located at home.

Below, an extract from the Blueprint, the opening chapter of the book by Reinhilde Veugelers, illustrating how the European economy could take advantage of new technological opportunities.

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External Publication

European Parliament

Digital European Economic Sovereignty? The Case of Semiconductors

Study prepared for the European Parliament's Committee on Foreign Affairs (AFET).

By: Niclas Poitiers, Pauline Weil and Guntram B. Wolff Topic: European Macroeconomics & Governance, European Parliament, Innovation & Competition Policy Date: May 28, 2021
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Working Paper

Research and innovation policies and productivity growth

Can research and innovation policies power growth? The answer currently can only be a timid yes. Too little is known of what drives the actual effects of R&I policies.

By: Reinhilde Veugelers Topic: Innovation & Competition Policy Date: May 10, 2021
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Opinion

Europe's crusade to fend off Chinese interference falls short

It is in everybody's interest for China to level the playing field among state-owned, private, and foreign companies so that no new distortionary measures need to be taken elsewhere.

By: Alicia García-Herrero Topic: Global Economics & Governance Date: May 10, 2021
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Blog Post

Algorithmic management is the past, not the future of work

Algorithmic management is the twenty-first century’s scientific management. Job quality measures should be included explicitly in health and safety risk assessments for workplace artificial-intelligence systems.

By: Laura Nurski Topic: Innovation & Competition Policy Date: May 6, 2021
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Blog Post

China’s M&A activity rebounds with a clear focus on Europe

Despite the pandemic, China’s interest in overseas M&A started to rebound in late 2020, with European industrial companies still of particular interest.

By: Alicia García-Herrero and Jianwei Xu Topic: Global Economics & Governance Date: May 4, 2021
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Past Event

Past Event

AI regulation at the service of industrial policy?

What role should the EU play in the regulation of AI?

Speakers: Julia Anderson, Joanna Bryson, Annika Linck and Martin Ulbrich Topic: Innovation & Competition Policy Date: April 22, 2021
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External Publication

Wealth distribution and social mobility

This report explores the distribution of household wealth in the EU Member States and analyses the role of wealth in social mobility.

By: Zsolt Darvas and Catarina Midões Topic: European Macroeconomics & Governance Date: April 1, 2021
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Working Paper

The unequal inequality impact of the COVID-19 pandemic

Less-educated workers have suffered most from job losses in the COVID-19 pandemic, and it is quite likely there was a significant increase in European Union income inequality in 2020.

By: Zsolt Darvas Topic: European Macroeconomics & Governance, Global Economics & Governance Date: March 30, 2021
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Blog Post

Self-employment, COVID-19, and the future of work for knowledge workers

The experiences of the self-employed could give a glimpse into the future of work for knowledge workers in a post-pandemic world.

By: Milena Nikolova Topic: Innovation & Competition Policy Date: March 8, 2021
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Past Event

Past Event

Towards a European industrial renaissance?

An open-minded debate on the future of industry in Europe, hearing the perspective of European business leaders.

Speakers: Vinod Kumar, Jean-Marc Ollagnier, Claire Waysand and Guntram B. Wolff Topic: Innovation & Competition Policy Date: February 12, 2021
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Opinion

A green industrial policy for Europe

A ‘green industrial policy’ able to promote economic growth, job creation and environmental goals altogether will be fundamental to Europe’s climate change ambitions.

By: Simone Tagliapietra and Reinhilde Veugelers Topic: Energy & Climate, Innovation & Competition Policy Date: January 13, 2021
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Past Event

Past Event

A green industrial policy for Europe

The EU needs to develop a strong green industrial policy. What should Europe's strategy look like and how can we achieve it?

Speakers: Ann Mettler, Simone Tagliapietra and Reinhilde Veugelers Topic: Energy & Climate, European Macroeconomics & Governance, Innovation & Competition Policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: December 17, 2020
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