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Newsletter of Feb 20, 2020

States explore new options for industrial policy and cities re-assess their strategic concepts. We take a look at some prominent examples.
 

The Future of European and German Industrial Policy – Challenges for the EU and Germany

Although industrial policy has not always played a leading role, it has always been an important component of German and European economic policy. Today it is at the core of policy debates as in March 2020, the European Commission will adopt an EU industrial strategy.

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Industrial Policy – Lessons from the USA

Several rankings indicate that the US is among the most innovative countries in the world. Often considered a country that takes a market-liberal approach to industrial policy, the state, in fact, plays quite an active role.
In two previous blog posts from our small series “The Future of European and German Industrial Policy,” we emphasized the current relevance of industrial policy and presented the main findings of our GED Focus Paper. We now continue with the industrial policy approach of the US, especially its role in fostering innovation.

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Industrial Policy – Lessons from China

Industrial policy has been a reform instrument in China since the late 1980s, playing a decisive role in China’s development from an imperative planned economy to a “market economy with Chinese characteristics.” So, it is not surprising that industry has become one of the most important pillars of the Chinese economy over the years. Now, it contributes about 40 percent to GDP, 28 percent to employment, and more than 40 percent to the gross value added of the Chinese economy. For Chinese policymakers, industrial policy is not only a reform instrument of the past, but the means to become an international leader in innovation and technology in the future.

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Cities’ Strategies to Cope with the Challenges of Globalisation: Helsinki

Resilient and competitive cities are key to coping with the challenges arising from globalization. Helsinki’s “world most functional city” strategy was implemented at the end of 2017. Looking at their strategy and talking with their strategic manager Mr. Marko Karvinen offers some interesting insights and learnings.

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Cities’ Strategies to Cope with the Challenges of Globalisation: Eindhoven

Central to Eindhoven’s strategic approach for staying competitive and at the same time inclusive and liveable in a globalized world is winning the “war for talent.” A talk with Peter Kentie, managing director for “Eindhoven365” as Eindhoven’s unit for strategic city marketing is known, outlines why this is important.

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Are German and European Politics ready for Industrial Policy Reform?

This is the second post in our series on globalization and innovation as drivers of new industrial policy in the EU and Germany. See the first post here.

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The US is not an economic growth model for the global economy

In his speech at the “World Economic Forum” in Davos in January, Donald Trump praised his economic policy as a model for the whole world. In fact, since Trump took office in 2017, the United States has had the highest growth rates of all G7 countries. Nevertheless, his economic policy is not a blueprint for other industrial nations.

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About Global Economic Dynamics (GED):

We help make complex economic dynamics transparent and understandable.

The project examines the causes and effects of economic trends, as well as the connections linking one trend to another.

 

Andreas Esche

Director, Program Megatrends

 

Bertelsmann Stiftung

Carl-Bertelsmann-Str. 256

33311 Gütersloh

Germany

Tel: +49 5241 81-81333

Fax: +49 5241 81-681333

E-mail: ged@bertelsmann-stiftung.de

Web: www.bertelsmann-stiftung.de

 

The Bertelsmann Stiftung, based in Gütersloh, Germany, is a nonprofit, private

operating foundation in accordance with Section 1 of North Rhine-Westphalia's Foundation Law.

The district government of Detmold serves as its supervisory authority.

Founder: Reinhard Mohn

Chairman of the Board of Trustees: Prof. Dr. Werner J. Bauer

Executive Board: Dr. Ralph Heck (Chairman), Dr. Brigitte Mohn, Prof. Dr. Daniela Schwarzer