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Tag Archives: competition policy

Europe is losing competitiveness in global value chains while China surges

The European Union owes much of its economic weight to its regional value chain and integration into the global value chain. But the EU’s global value chain role is shrinking, and while EU trade integration with China is increasing, it is mainly to China’s benefit, undermining the EU’s external competitiveness. COVID-19 has led to the transmission globally of value chain disruptions originating in China and the scarcity of critical medical goods, not helped by an increase in export...

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Not all foreign investment is welcome in Europe

A new plan to tackle foreign subsidies would empower the European Commission to investigate foreign investments in the European Union, with Chinese investment particularly in the spotlight. This increased scrutiny could deter some investors. Overall however, fairer competition is worth some lost opportunities. Imagine that the Tour de France allowed non-French competitors, and only non-French competitors, to use performance-enhancing drugs. Now imagine these rules were changed to ban the use...

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Europe may be the world’s AI referee, but referees don’t win

The EU needs to invest in homegrown technology. By: Guntram B. Wolff Date: February 19, 2020 Topic: European Macroeconomics & Governance The European Commission’s Executive Vice President Margrethe Vestager has been tasked with developing a European strategy on artificial intelligence. For Europe, the crucial question is how to speed up AI uptake in the industrial sector — indeed, only 18 percent of large European companies use AI tools at scale.So far, however, the European...

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Europe may be the world’s AI referee, but referees don’t win

The EU needs to invest in homegrown technology. By: Guntram B. Wolff Date: February 19, 2020 Topic: European Macroeconomics & Governance The European Commission’s Executive Vice President Margrethe Vestager has been tasked with developing a European strategy on artificial intelligence. For Europe, the crucial question is how to speed up AI uptake in the industrial sector — indeed, only 18 percent of large European companies use AI tools at scale.So far, however, the European...

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Do AI markets create competition policy concerns?

AI markets are young and their structure is yet to crystallise. Is European competition law ready for what happens next?As the EU Executive Vice President for a Europe Fit for the Digital Age and Competition Commissioner, Margrethe Vestager holds both an industrial and a competition policy mandate. This dual mandate provides complementary, and potentially conflicting, instruments to support and restrain artificial intelligence (AI) in Europe.[1] This article, the first in a series about AI,...

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The Sound of Margrethe Vestager

Will AI exacerbate the gap between big companies and small ones? Do ordinary Europeans gain anything from having European tech giants? This week, Nicholas Barrett and Guntram Wolff went to the Berlaymont to interview Margrethe Vestager, the Executive Vice President of the European Commission for a Europe Fit for the Digital Age. By: The Sound of Economics Date: December 19, 2019 Topic: European Macroeconomics & Governance

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How can European Competition Law address Market Distortions caused by State-Controlled Enterprises?

The distortive effects that foreign state-owned or state-supported companies can have on European markets and on the European Union’s economic autonomy are starting to worry policymakers. By: Mathew Heim Date: December 18, 2019 Topic: European Macroeconomics & Governance This Policy Contribution considers whether European competition law could be applied more directly to state owned enterprises that create an unlevel playing field in Europe due to the support they receive from...

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Questions to the Competition Commissioner-designate

Commissioner Vestager has been given two portfolios; Executive Vice-President for a Europe fit for the Digital Age and Competition Commissioner. While having more than one portfolio may not be new, combining an important policy coordination function and an enforcement function is a novel approach. This raises a number of important questions related to how the objectives of either portfolio can be delivered cleanly. In her Mission Letters to Commissioner-designate, Margrethe Vestager, the...

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Addressing the EU’s Global Challenges Locally: the EU’s Competition and Antitrust Tightrope

This blog is part of a series following the 2019 Bruegel annual meetings, which brought together nearly 1,000 participants for two days of policy debate and discussion.The European Union, the world’s largest consumer market, needs a clearer vision for how it wants to manage competition and state subsidies affecting European markets and consumers. As business becomes ever more inter-connected, however, increasingly complex challenges confront EU policymakers, enforcers and market...

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Backstage at BAM19: Designing a competition policy fit for Europe’s needs.

Backstage at the Bruegel Annual Meetings, Rebecca Christie talks with Mathew Heim on competition policy. By: The Sound of Economics Date: September 5, 2019 Topic: Innovation & Competition Policy Should competition policy adjust to current concerns and support industrial policy? How can we contextualise long-run consumer welfare? How can we maintain independence and objectivity in enforcement? In this podcast, Rebecca Christie discusses competition policy, with Mathew Heim.

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