Sharing economic sovereignty is hard but possible
Marco Buti and Marcello Messori discuss Draghi’s European competitiveness report, and argue that European public goods should be the linchpin of a new political and institutional contract
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Industrial policy
Draghi’s real message on European competition enforcement
The Draghi report on The Future of European Competitiveness is a milestone. Cristina Caffarra argues that not delivering on innovation and growth is the key takeaway, and is not a prescription to relax competition enforcement
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The three pillars of effective EU competition policy
Fiona Scott Morton considers competition policy in the European Union, and clarifies the relationship between competition and industrial policy, showing that there is in fact no tension
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Financing European air defence through EU debt
Europe is vulnerable to air attacks by both state and non-state actors. Armin Steinbach and Guntram Wolff propose the creation of an EU funding mechanism to internalise the positive externalities provided by national air-defence systems
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Trade effects of industrial policies
Industrial policy is in vogue among policymakers globally. Alessandro Barattieri, Aaditya Mattoo and Daria Taglioni examine the shielding effects that preferential agreements can have when a trade partner implements a new industrial policy
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The EU’s tariff war on Chinese EVs
Uri Dadush and Conor McCaffrey argue that the European Commission can take a better route than imposing countervailing duties on Chinese electric vehicles
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How the EU can counterbalance the US
The Inflation Reduction Act has sparked concern in the EU. Salvador Barrios, Jonathan Pycroft, Andrzej Stasio and Daniel Stöhlker argue that the EU’s own green funding initiatives can compete with the IRA
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Overcome divisions and confront threats
The challenges confronting the EU are substantial. Maria Demertzis, André Sapir and Jeromin Zettelmeyer recommend that the new Presidents of the European Commission, Council and Parliament promote growth and enhance cohesion
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The return of industrial policies
Industrial policies are increasingly used in advanced economies. Valentine Millot and Łukasz Rawdanowicz discuss the pros and cons of such policies and outline principles to inform policy guidelines
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Re-energising Europe’s global green reach
Giovanni Sgaravatti, Simone Tagliapietra and Cecilia Trasi argue that the EU’s green reach strategy will need to use a broad range of levers to build equitable partnerships that will help partners make deeper emissions cuts
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