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EU to start knowledge-driven reindustrialisation process

by:Gewinn     2022-05-02
Recently, the European Commission Enterprise and Industry Division released two industrial competitiveness reports. The report pointed out that without a strong industrial base, the EU economy cannot prosper. Manufacturing has a strong spillover effect on the economy, especially social productivity. 80% of private innovation, 75% of exports and most employment come from industry. Actions are needed to promote EU industry. develop. In the summer of 2013, the share of industry in EU GDP had fallen to 15.1% from 15.5% the previous year. The report pointed out that EU member states have made progress in improving the business environment, exports and sustainable development, but there are still many problems, and the interface between the most competitive countries in industry and the moderately performing members has basically stagnated. In addition, rising energy costs in all member states led to the deindustrialisation of the EU, and barriers to access to capital led to a decline in investment. EU industry needs to prosper again, public management performance needs to be greatly improved, ties between universities and companies need to be strengthened, and innovation needs to be marketed faster. The report considers the EU's strengths as follows: exports are the main driver of industrial activity, the EU's export capacity exceeds that of the US and Japan, the trade surplus in 2012 was 365 billion euros, equivalent to 1 billion euros per day; innovation performance has improved since 2008 , but has slowed since 2012; business conditions have improved in most member states; and most member states have improved their workforce skills base. However, the weak point is that investment is still relatively low, high energy prices have brought great problems to the industry, and there are obstacles to access to funds in many member states. For sectoral member states, improving the efficiency of public management is the core of promoting growth. The report makes the following recommendations: simplify the business environment as much as possible; reduce EU production costs (such as energy and raw materials); improve access to capital and capital markets for companies, especially SMEs; open internal and third-country markets for EU companies; Investment in technology and innovation, focusing on the six core areas identified in the 2012 Industrial Policy; ensuring that the skills and availability of the EU workforce are in line with 21st century needs.
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