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Reindustrialization Process in European Union

Author

Listed:
  • Petre Prisecaru

Abstract

In order to support the economic growth and empolyment in EU European institutions have launches ambitious initiatives for a reindustrialization process based on new technologies and green energies. The aim is to increase the share of processing industry in GDP from 15.1% in 2013 to 20% in 2020 according to the objectives of Europe 2020 Strategy and also with those of other EU strategies and common policies. The focus will be laid on innovation and research activites, on supporting/financing SMEs and their internationalization, on the integration of EU firms into global value chains, on developing green energies, bio and key enabling technologies, on smart networks and on free trade and sustainable development.

Suggested Citation

  • Petre Prisecaru, 2014. "Reindustrialization Process in European Union," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 6(2), June.
    • Handle: RePEc:iem:journl:v:6:y:2014:i:2:id:2822000009237003
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    File URL: http://www.iem.ro/rem/index.php/REM/article/view/145/174
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    More about this item

    Keywords

    reindustrialization; processing industry; new industrial revolution; industrial policy; innovation;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L78 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Government Policy

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