This incisive book provides key interdisciplinary perspectives on the current challenges faced by EU policymakers in framing and implementing a coherent European industrial policy, employing specific case studies from the digital, automotive, steel and defence industries as well as concrete examples of EU policies.

This book focuses on the recovery and new normal in a post-Covid scenario, drawing important lessons from the pandemic and proposing new ideas for sustainable development, endogenous dynamism, and inclusive growth. The book presents different ideas and perspectives about the present and the future, reflecting on four main fields of our economic reality: macroeconomics, governments, technology, and society. It discusses important topics for future economic scenarios, beginning with an estimation of the economic consequences of the absence of an equitable distribution of vaccines. Further topics discussed include the government’s debts sustainability, the probability of an inflation/deflation or of a stagflation scenario, as well as the impact of US and European economic policies on economic growth. The book further investigates the economic costs of the pandemic, which have fallen most heavily on those least able to bear them. It examines governments subsidies, which supported people and firms through wage subsidies, unemployment benefits, and other fiscal measures, and discusses the question of whether more investment in health care, education, and other public services will still be needed. In a time of immense change and global challenges, this book is a must-read for scholars, researchers, and students of economics, as well as policy-makers interested in a better understanding of economic growth, energy, environment, migration, development, digital transformation, and demography.

Great Power competition is back. On the two sides of the Atlantic, however, this concept often means different things. While the United States is focused on China, Europe is preoccupied with Russia. Yet shifting American priorities toward Asia requires reconceptualizing the future role of NATO. In Europe, this shift has led to serious thought about how to achieve strategic autonomy that will allow Europe to guarantee its own security regardless of strategic choices made in Washington. As Chinese strategy focuses on dividing European actors and making them more economically dependent on Beijing, these developments may undermine Washington’s influence in Europe while limiting potential European action against Chinese interests. With a mix of research methodologies applied by scholars from both sides of the Atlantic, Turbulence Across the Sea offers a comprehensive analysis of relations among European and North American actors in the context of strategic competition among the United States, Europe, Russia, and China. In doing so, it demonstrates that a reaffirmation of transatlantic cooperation is necessary to maintain security in the face of aggressive moves by both Russia and China. By analyzing attitudes from the perspective of both the various actors (Britain, France, Germany, and the European Union) and various sectors (intelligence cooperation, foreign direct investments, technology, and the defense industry), this book provides readers with a comprehensive perspective on the challenges and opportunities in the shifting landscape of security in the twenty-first century.

This book presents a new interpretation of the role of human capital and the state in driving economic development. It places these ideas within broader debates within the history of economic thought to highlight how the nature of economic activity is a collective and coordinated process. Through examining how the welfare state reversed traditional accumulation by relying on human capital growth, the importance of the state within the development process is emphasised, alongside the multifaceted nature of competition. Different forms of public expenditure are then evaluated to identify the most productive forms of public spending and the drivers of long term economic development. This book questions the relationship between profits and rent and proposes a new kind of economic development based around human capital. It will be relevant to students and researchers interested in the history of economic thought, the political economy, and labour economics.

The contributors to this book are all members of EuropEos, a multidisciplinary group of jurists, economists, political scientists, and journalists in an ongoing forum discussing European institutional issues. The essays analyze emerging shifts in common policies, institutional settings, and legitimization, sketching out possible scenarios for the European Union of the 21st century. They are grouped into three sections, devoted to economics and consensus, international projection of the Union, and the institutional framework. Even after the major organizational reforms introduced to the EU by the new Treaty of Lisbon, which came into force in December 2009, Europe appears to remain an entity in flux, in search of its ultimate destiny. In line with the very essence of EuropEos, the views collected in this volume are sometimes at odds in their specific conclusions, but they stem from a common commitment to the European construction.