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    Is a European recovery possible without high-tech public corporations?

    Archibugi, Daniele and Vitantonio, M. (2021) Is a European recovery possible without high-tech public corporations? Working Paper. Birkbeck, University of London, London, UK.

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    Abstract

    Pervasive new technologies associated with ICTs and software are dominated by a restricted oligopoly of US-based corporations. The challengers are not any longer European firms, but rather Japanese or Chinese companies. The actions taken by the EU to fill this technology gap, including the EC Framework Programmes, are beneficial but still insufficient in terms of the resources committed. This article argues that the EU urgently needs to add another economic policy instrument to defy these incumbent firms, namely to create a few publicly supported large corporations in the areas of greater scientific and technological opportunities. This will be complementary to the already ongoing mission-oriented innovation policies. While we are aware of the political and economic difficulties to implement such a strategy, we recall the pioneering venture of Airbus, established more than 50 years ago and which, despite several economic and political controversies, has successfully managed to challenge the dominant US-based passengers’ aircraft producers. Could similar attempts be replicated for Green technologies, Healthcare services, ICTs, and Artificial Intelligence?

    Metadata

    Item Type: Monograph (Working Paper)
    Additional Information: CIMR Working Paper no.50, ISSN: 2052-062X
    Keyword(s) / Subject(s): State-owned companies, Industrial policy, Technological opportunities, Enabling technologies, Airbus, European Battery Alliance
    School: School of Business, Economics & Informatics > Management
    Research Centres and Institutes: Innovation Management Research, Birkbeck Centre for
    Depositing User: Administrator
    Date Deposited: 21 Apr 2021 10:21
    Last Modified: 12 Jun 2021 13:06
    URI: https://eprints.bbk.ac.uk/id/eprint/43965

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