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Tag Archives: technologies

Could the U.S. economy be experiencing a hidden tech-driven productivity revolution?

In the last decade, most advanced economies have grown more slowly than before. Slower growth has frequently been seen as a legacy of financial crises, especially that of 2007–2009.In the last decade, most advanced economies have grown more slowly than before. In Japan, a slowdown began in the 1990s. Slower growth has frequently been seen as a legacy of financial crises, especially that of 2007–2009. Indeed, shocks generated by that crisis in particular include a far reaching financial...

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Capture the nodes

How do states exercise power through global economic networks? The multilateral world order is supposed to be harmonious, but by seizing the nodes of production, powerful forces can control access to the global economic system and threaten to lock their rival out. This week, Nicholas Barrett and Guntram Wolff are joined by Henry Farrell, Professor of political science and international affairs at the George Washington University, and Abraham L. Newman, Professor of Government at the...

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Bridging the divide: new evidence about firms and digitalisation

Small European firms are falling behind in the race to digitalise, but so are their American counterparts. By: Reinhilde Veugelers Date: December 11, 2019 Topic: Innovation & Competition Policy Using new evidence on the digitalisation activities of firms in the European Union and the United States, we document a trend towards digital polarisation based on firms’ use of the latest digital technologies and their plans for future investment in digitalisation. A substantial share of...

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Work Protection in the Digital Age: Towards a new social contract

Over the past few years, new business models have emerged, empowered by digital technologies. These have disrupted a range of activities, from food delivery and transportation to accommodation and venture capital. Digital companies and their new business models collectively make up the so-called platform or collaborative economy. New forms of work have been created posing the question: How can the social contract catch up? By: Georgios Petropoulos Date: November 4, 2019 Topic: Innovation...

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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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Jobs and robots: Europe’s Debate Over the Destiny of the Welfare State

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.Artificial intelligence, big data, machine learning, and the internet of things are bringing huge transformative changes in society. The questions that have been increasingly on the table are what these changes imply for the future of work, and what they imply for the future of European welfare states. A 2013 study by Frey and...

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Backstage at BAM19: How can Europe’s economy thrive in the digital age?

Backstage at the Bruegel Annual Meetings, Giuseppe Porcaro talks with session chair Reinhilde Veugelers on Europe's economy in the digital age. By: The Sound of Economics Date: September 4, 2019 Topic: Innovation & Competition Policy What corporate strategies and public policy support are needed to turn the potential of digital technologies into opportunities for sustainable growth of EU firms, and for addressing EU societal challenges? In this podcast, Giuseppe Porcaro...

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Breaking up big companies and market power concentration

Senator Elizabeth Warren proposes the break-up of big tech companies. A report for the UK government presents another approach for regulating the digital economy. And IMF research serves as a reminder that concentration of market power extends beyond digital. This blog reviews the debate. On March 8th, US senator Elizabeth Warren published an essay outlining her proposal to break up the country’s big tech companies, specifically naming Amazon, Google and Facebook. These companies,...

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Director’s Cut: How to make Industry 4.0 work for Europe

Bruegel director Guntram Wolff talks to Padmashree Gehl Sampath, a Berkman Klein fellow at Harvard University, on the consequences of ‘new manufacturing’ for European industrial policymaking. In this Director’s Cut of ‘The Sound of Economics’, Bruegel’s Guntram Wolff discusses Industry 4.0 with Harvard University Berkman Klein fellow Padmashree Gehl Sampath. Europe is yet to truly explore what interventions can and should be made with regard to the digitisation of industrial...

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China’s strategy: Growth, alliances, and tech acquisition

Despite the pause in the US-China trade war, the US and China are strategic competitors, and will continue to be so for the foreseeable future. China realizes that there is little room to settle long-term disputes and, as a result has shifted towards a strategy that focuses on sustaining growth at any cost, expanding alliances, and advancing its technology. The truce agreed to by China and the US at the sidelines of the G20 meeting in Buenos Aires does not change the US’ ultimate goal...

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