Enhancing EU competitiveness [What Think Tanks are thinking]

13-12-2019

The European Union has been established as an area of security, stability and prosperity, in which economic competitiveness plays a key role. Although in terms of productivity some EU countries are doing well, compared to, for example, the United States, the EU is lagging behind some other world regions in reaping the fruits of the digital revolution. Analysts also point to the need to continue euro-area governance reforms, completing the Banking Union and pushing ahead with the creation of the Capital Markets Union. A debate continues about whether the EU should support the creation of EU industrial champions, which advocates claim could be well placed to compete internationally in some sectors. This note brings together commentaries, analyses and studies by international think tanks and research institutes on EU competitiveness and related issues. Earlier papers on reforming the euro area are available in a previous issue from the series, published in December 2019.

The European Union has been established as an area of security, stability and prosperity, in which economic competitiveness plays a key role. Although in terms of productivity some EU countries are doing well, compared to, for example, the United States, the EU is lagging behind some other world regions in reaping the fruits of the digital revolution. Analysts also point to the need to continue euro-area governance reforms, completing the Banking Union and pushing ahead with the creation of the Capital Markets Union. A debate continues about whether the EU should support the creation of EU industrial champions, which advocates claim could be well placed to compete internationally in some sectors. This note brings together commentaries, analyses and studies by international think tanks and research institutes on EU competitiveness and related issues. Earlier papers on reforming the euro area are available in a previous issue from the series, published in December 2019.