How to tackle challenges in a future-oriented EU industrial strategy?
This study, requested by the ITRE Committee, provides a critical assessment of the 2017 EU industrial strategy and of the policy measures it comprises. Even though the EU industrial strategy is still a “meta- policy”, it successfully promotes a more integrated and innovative approach. However, it should more clearly identify mission-oriented strategic goals and mobilise the necessary effort and means to reach them.
In the near future, EU industrial strategy will face challenges (“megatrends”) from multiple sources: technological changes, socio-political changes (including globalisation and geopolitics) and climate change. EU-specific events (the next budget, Brexit, etc.) will also contribute to shaping the contours of the next EU industrial policy. All these factors will represent threats and/or opportunities, depending on the capacity of the EU industrial policy strategy used to address them. Whether the EU industrial policy strategy is fit to address these future challenges is assessed against four criteria, dealing with the capacity of the strategy to:
- Set long-term strategic objectives;
- Propose an integrated (coherent and coordinated) framework;
- Account for territorial specificities;
- Adopt an effective governance framework and consolidate policy capacity.
Source: European Parliament