E.CA Economics’ Post

Interessante position paper over ontransparante waardeketens, economische afhankelijkheid & beïnvloeding, en de rol die inkoop kan spelen om problemen te mitigeren: "Not every dependency is a risk, but the opaqueness of supply chains is blurring this distinction and hampering the effectiveness of solutions. (...) In the case of military applications, even though the government is closely working with a relatively concentrated defence industry, these companies in turn depend on dual-use technologies. Like other industries, thus, the defence industry also faces challenges to identify and mitigate risks." "(...) To strengthen military capabilities, investments are being made in the procurement of new applications and strengthening the Dutch maritime industry. All these technologies are reliant on raw and processed minerals as well as components produced in China and the US, thus being vulnerable to economic coercion for achieving foreign policy goals. (...)" "(...) Procurement is a key instrument that can support the development of domestic industrial capabilities, promote responsible sourcing in other countries, and increase supply chain transparency. Sectors that do not experience the same level of investments but that also need secure supply chains, like healthcare, can reap the benefits."

We’ve all been waiting for it and after months of drafting and suspense, on Monday 9 September, the Draghi Report on the ‘Future of European Competitiveness’ was finally presented! Our experts have spent the last few days going through the 400 page report, analysing its recommendations as well as their potential impact on EU policy and business. Please find below a quick overview of the report in numbers as well as insights from Hans Hack and Martin Porter. If you are curious to know more about the report and its impact EU policy and your sector, please get in touch with them! #DraghiReport #Competitiveness #Industry #Innovation 

The Draghi report was the talk of the town in Brussels this week. A thorough report with many interesting reflections and proposals. The next phase: theory and analysis meeting politics, and that in a dynamic policy environment. See the topline take on that by FTI Consulting. #DraghiReport #Competitiveness #Industry #Innovation #TeamFTI #FTIConsultingEU

🌟 Insights Alert! 🌟 Ever wondered about the intricacies of business dynamism in Europe? 🤔 Look no further! 🚀 📚 We're thrilled to share a study conducted by the brilliant minds, featuring the work of Filippo Biondi, Sergio Inferrera, Matthias Mertens, and Javier Miranda. Their research delves deep into the factors influencing the declining trend in business dynamism across Europe. Link to the CEPR - Centre for Economic Policy Research column – https://lnkd.in/dSa7mNJj 🔍 This study is not just a mere exploration but a comprehensive investigation aimed at unraveling the complexities of European business landscapes. #BusinessDynamism #EuropeanEconomy #CompNetResearch #Innovation #Insights #EconomicDynamics #CompNet #IWH #TSI

Part B / Parte B The future of European competitiveness - In-depth analysis and recommendations https://lnkd.in/eB2UyVui

Which funding program is right for your #innovation journey? Compare Canada's top research funding programs – IRAP vs. SR&ED. Gain insights into requirements, program overviews, and a detailed side-by-side comparison. Access the free slide deck now for informed decision-making. https://hubs.ly/Q02m6TMy0

💡 Take a look at FTI Consulting EU's overview of #Draghi's report — offering valuable insights from our colleagues Hans Hack and Martin Porter. Mario Draghi’s latest report lays out the challenges the EU is facing, especially the glaring gap in private investment compared to the US, which poses a significant threat to the EU's competitiveness. Both private and public investment levels are falling short, highlighting the urgent need for action to support the EU’s green and digital ambitions. As Ursula von der Leyen stated, the time for an "Investment Commission" is now—and Draghi’s report echoes this sentiment. It serves as a subtle but clear call to Member States, who hold the keys to the EU’s €2 trillion budget. However, until these proposals are integrated into Commissioners’ mission letters, it remains just a report. In a time of rising geopolitical tensions, Draghi’s report also strengthens von der Leyen’s mandate for her second term. Similar to Enrico Letta’s recent proposals in the area of financial services, it advocates for a more integrated European financial market, focusing on mobilising savings to drive transitions, reviewing the securitisation framework, and strengthening ESMA's supervisory powers. Draghi also points to the challenges posed by regulatory complexities within the Single Market, particularly for SMEs, and calls attention to the Corporate Sustainability Reporting Directive and Corporate Sustainability Due Diligence Directive as significant burdens. Among the key proposals, Draghi suggests reassessing capital requirements, particularly for insurers (#SolvencyII) – a move already opposed by the new Chair of the Committee on Economic and Monetary Affairs Aurore Lalucq. Meanwhile, influential German lawmaker Markus Ferber, MdEP has criticised the proposal to issue common debt. Signals that the road towards concrete legislative proposals may not be smooth. 📅 What next? 17 Sept – Draghi’s Address in European Parliament 8 Nov – Declaration on Draghi Report by EUCO #EU #investment #greenanddigital #competitiveness #Draghi

The much anticipated “Draghi-report” published in September 2024, addressing European competitiveness and the future of the European Union, has by now made its way into most parliaments, cabinet offices and boardrooms. The almost 400 pages of analysis and recommendations provide a stark warning for the EU to clean up its economic and industrial act. The conclusions from the main report (section A) have already been covered in op-eds, policy briefs and essays, but section B of the report, which contains sector-specific in-depth analyses, still contains valuable nuggets of information. Many of the sectors mentioned in “The future of European competitiveness” touch directly on research areas of HCSS. Over the past weeks, Ron Stoop and Beer (Berend) Kwak conducted interviews with a range of our experts, resulting in a series of deep dives of these Sectorial Policies. Which policy recommendations are the strongest, and which are missing? How is the feasibility of these plans in a European context? And what is the capacity of the new Dutch government, of which the coalition agreement was published four days after the report, to facilitate in reaching Draghi’s goals? The full series can now be downloaded as a PDF, featuring expert commentaries by HCSS analysts Patrick Bolder, Benedetta Girardi, Irina Patrahau, Michel Rademaker, Sofia Romansky, Jesse Kommandeur, T. (Tim) Sweijs, Frank Bekkers, Lucia van Geuns, Jilles van den Beukel, and Han ten Broeke. https://lnkd.in/etDpHteR

"Unlike you might expect, in terms of 𝐑&𝐈 (𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧) spending, Europe i̳s̳ ̳n̳o̳t̳ ̳behind the US. However, how we coordinate and spend this money is an organizational disaster. (...) - 𝘴𝘱𝘳𝘦𝘢𝘥 𝘢𝘤𝘳𝘰𝘴𝘴 𝘵𝘰𝘰 𝘮𝘢𝘯𝘺 𝘧𝘪𝘦𝘭𝘥𝘴 - 𝘪𝘯𝘴𝘶𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘵𝘭𝘺 𝘧𝘰𝘤𝘶𝘴𝘦𝘥 𝘰𝘯 𝘥𝘪𝘴𝘳𝘶𝘱𝘵𝘪𝘷𝘦 𝘪𝘯𝘯𝘰𝘷𝘢𝘵𝘪𝘰𝘯 - 𝘢𝘤𝘤𝘦𝘴𝘴 𝘪𝘴 𝘦𝘹𝘤𝘦𝘴𝘴𝘪𝘷𝘦𝘭𝘺 𝘤𝘰𝘮𝘱𝘭𝘦𝘹 𝘢𝘯𝘥 𝘣𝘶𝘳𝘦𝘢𝘶𝘤𝘳𝘢𝘵𝘪𝘤" A more fundamental EU-problem is the very low research-to-commercialization-ratio. (...) In addition, radically new technologies at low TRL are with 250 Million EUR in the EU vs. 6 Billion USD(!!!) in the US 𝐞𝐱𝐭𝐫𝐞𝐦𝐞𝐥𝐲 𝐮𝐧𝐝𝐞𝐫-𝐛𝐮𝐝𝐠𝐞𝐭𝐞𝐝!"

In the next paper published as part of a series on how to finance EU's future growth potential in a uncertain geopolitical environment, Bruegel - Improving economic policy experts David Pinkus, Jean Pisani-Ferry, Simone Tagliapietra, Reinhilde Veugelers, Georg Zachmann and Jeromin Zettelmeyer offer a rough diagnosis of the EU’s competitiveness problem. The authors propose two strategies to strengthen EU competitiveness: (a) deepen the single market; (b) cooperate in areas that offer the greatest gains on a sector-by-sector basis, supported by some EU-level funding. Energy policy coordination and an EU Advanced Research Projects Agency (ARPA) are proposed as two areas where this approach could be tried. Full paper also available on the EP homepage: https://lnkd.in/d7-vyfCe