A service of the

Forum · Issue 6 · 2024
The Priorities of the Next EU Commission

Forum · Issue 5 · 2024
The Future of European Industrial Policy

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Forum · Issue 4 · 2024
Ensuring European Security and Stability

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From Unemployment Struggles to Labour Market Shortages?

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Forum · Issue 2 · 2024
European Parliament Elections 2024: What Is at Stake?

Editorial
Economic Policy at the Centre of German Elections

Germany has slipped into a long-term phase of stagnation, and the disagreement over what to do about it has torn the government coallition apart. With all eyes on the February election, Gustav A. Horn examines the political parties' fiscal, social and climate policy agendas.

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Forum
Trade at the Heart of the EU’s Economic Security

What is at stake now that new global tariffs are almost certain to materialise? Maria Demertzis looks at this question by considering the merits of countervailing duties on Chinese electric vehicles in the EU as well as simulations of a global trade war.

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Forum
Enlargement, Neighbourhood and Institutional Changes

Without institutional reform aimed at reducing unanimity requirements, the EU enlargement process will move slowly and could easily be trapped by domestic policy considerations, writes Marek Dabrowski. To make processes more efficient, there must be limitations on member states’ veto power.

Forum
Industrial Policy in the Semiconductor Industry

Despite concerns and the traditional reservations among economists against industrial policy in general, there are compelling reasons for pursuing an industrial policy approach that includes subsides, write Fabrice Naumann and Monika Schnitzer, particularly in the European semiconductor industry.

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Forum
An Innovation-Based Industrial Policy for the EU

The innovation system can develop and deploy unique new sustainable solutions to serve security of supply while generating comparative advantages on world markets. But the innovation system cannot do this on its own. For vertical policies to be efficient, they need to be flanked by horizontal policies ensuring large, open, competitive markets, writes Reinhilde Veugelers.

Letter from America
Shocking, But Not Surprising

Donald Trump will return to the White House on 20 January 2025. While Democrats contemplate what went wrong, Trump has wasted no time putting his cabinet together. And his nominations indicate that he intends to keep his campaign promises, writes Jiffer Bourguignon.

Quote of the Month

"European policymaking should focus on strengthening the defence industry by committing to long-term procurement, supporting innovation, co-financing emergency capacities and improving crossborder competition."

Hubertus Bardt

Industrial Policy and a Single Market for Defence Goods

Current Issue

Volume 59
2024
Issue 6

Read online

Figure of the Month

Number of new trade policy interventions per year

In his election campaign, President Trump was not shy about his intention to use tariffs to deal with unfair competition practices coming from China or the perceived trade advantage (persistent trade surpluses) coming from the EU. But this tendency complements a trend that has already been there for some time and accelerated at the start of the pandemic. Since 2020, measures introduced every year that could be characterised as protectionist and are harmful have doubled, even if liberalising measures have also increased globally.