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Our increasing environmental consciousness combined with an intrinsically limited geographic and economic space and relatively low levels of natural resources has led Europe to de-industrialise. Although the above mentioned factors have lessened the pressure on our resources, this has come at the cost of losing key European manufacturing capabilities to our global competitors and resulted in an unbalanced economy. Certainly, in the long term, we cannot afford to be solely service and consumption driven. Europe needs to produce high quality goods and services in order to be able to deliver on its promise of a prosperous society even in times of tough global competition, increasing global population and growing markets outside Europe.

Unity in diversity- A Long-term vision for Europe

There is enormous potential for Europe to transform its economy through innovation-driven economic growth: the proximity of its value chains across different sectors, the possibility to easily work on cross-border projects, the eco-system of large and small enterprises and its mature markets give it a strong head-start to deliver the technologies for tomorrow. However, to exploit these benefits Europe must be more united in its approach to innovation. Currently, the fragmentation of policy across European countries and the cacophony of voices legislating in this area are slowing and hampering the innovation process.
No European country can successfully compete on the global innovation market on its own. In the spirit of the EU motto “Unity in diversity” , EU Members States and institutions must develop a common and complementary approach to build the necessary critical mass to fully exploit our potential for innovation: the European whole is much greater than the sum of its different national parts

Economic leadership

Europe has always been at the forefront of scientific and technological advancements. The brightest minds, concepts and discoveries over the centuries have come out of our schools and universities. However, a rather traditional culture of entrepreneurship, a certain adversity towards risk-taking, as well as an inability to transform forward-looking ecologically sound concepts into viable economic products and markets have kept Europe in the back-seat when it comes to economic leadership. How can we make sure that Europe leapfrogs into the sustainability driving seat?

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