Globalisation has brought enormous benefits to the less-developed economies of the world and many opportunities for Europeans; but while the benefits are widely spread, the costs are often borne unevenly as the Commission's reflection paper on harnessing globalisation highlighted.
To take up the challenge of economic modernisation, Europe needs to empower its regions and help them create value. This means embracing innovation, digitisation, decarbonisation and developing people's skills.
Today, the Commission is proposing a new set of actions to further help Europe's regions invest in their niche areas of competitive strength ("smart specialisation") and generate the innovation, resilience and growth needed.
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