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"Industrial Competitiveness - Challenges, opportunities, and the role of policy in difficult times" Conference: extracts from the opening speeches by José Manuel Barroso and Günter Verheugen

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The European Commission held a high-level Conference on Industrial Competitiveness under the title: "Challenges, opportunities, and the role of policy in difficult times". It brought together European and international policy-makers, businessmen and economists, including Nobel Price Laureate Paul Krugman, to discuss ways ahead for policy-markers and businesses to set the framework conditions for success in the next decade. The conference was divided in four sessions: "Did European industrial policy deliver?", "Companies, markets, challenges", "International dimenssion of industrial competitiveness" and "Looking ahead: industrial policy for the next decade". During the opening speech, José Manuel Barroso, President of the EC, said that it is necessary to avoid the dichotomy between the fiscal stimulus and the regulation supervision. He added that both are necesary, as well as it is important to reject protectionism and economic nationalism and to address the concerns of the less developed countries in the world. Günter Verheugen, Vice-President of the EC in charge of Enterprise and Industry, said that the industrial policy of the European Union is built on the idea that we need to maintain a strong industrial manufacturing base in Europe, and he added that the idea of a division on the sense that China is the factory of the world and Europe is the design center is totally old. He also says that Europe needs a greening industrial revolution.
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Type: EbS   Reference: 62415   Date: 17/03/2009   Duration: 00:03:49
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