Is a European recovery possible without high-tech public corporations?
Join us to hear Daniele Archibugi and Vitantonio Mariella talk about their working paper 'Is a European recovery possible without high-tech public corporations?'. This talk will be chaired by IIPP’s Antonio Andreoni with a discussion from Erik Reinert and Rainer Kattel (IIPP). Followed by questions from the audience.
Is a European recovery possible without high-tech public corporations?
07 Jun 2021, 15:30 – 17:00
Pervasive new technologies associated with ICTs and software are dominated by a restricted oligopoly of US-based corporations. The challengers are no longer European firms, but rather Japanese or Chinese companies. The actions taken by the EU to fill this technology gap, including the EC Framework Programmes, are beneficial but still insufficient in terms of the resources committed.
This article argues that the EU urgently needs to add another economic policy instrument to defy these incumbent firms, namely to create a few publicly supported large corporations in the areas of greater scientific and technological opportunities. This will be complementary to the already ongoing mission-oriented innovation policies. While we are aware of the political and economic difficulties to implement such a strategy, we recall the pioneering venture of Airbus, established more than 50 years ago and which, despite several economic and political controversies, has successfully managed to challenge the dominant US-based passengers’ aircraft producers. Could similar attempts be replicated for Green technologies, Healthcare services, ICTs, and Artificial Intelligence?
- Discussants: Erik Reinert and Rainer Kattel
- Chair: Antonio Andreoni
Background material linked to this seminar
Is a European recovery possible without high-tech public corporations? by Daniele Archibugi and Vitanonio Mariella
Daniele Archibugi
Research Director
Italian National Research Council
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He has worked on the globalization of technology, the theory and measurement of innovation, the international division of competences in science and technology, and the role of innovation in economic recovery.
More info
Follow Daniele on Twitter @DanieleArchibu1
Vitantonio Mariella
Post-Doctoral Researcher
Italian National Research Council
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Follow Vitantonio on Twitter @Vitosky_