Policy Brief

19/05/2022

A crucial element of strategic autonomy

This policy brief, as part of a more extended reflection of the European Strategic Autonomy, reflects on the relevance of a solid industrial policy and the main lines of action to construct it. Russia’s war in Ukraine has ushered in a new era for Europe’s economic diplomacy, supply security, and military spending. The war poses a fundamental challenge, and the EU has also set ambitious goals for decarbonisation and digitalisation.

The EU needs to recalibrate its approach and focus on (the emergence of) key industries and essential supplies and provide critical infrastructure in Europe. The right balance between selective protectionism and openness to trade and investment must be struck.

The goal of industrial policy should not be to produce everything at home but to preserve production capability. To this end, Europe should target new products or technologies rather than existing ones, enhance market competition rather than protect actors from it, and help more productive companies rather than unproductive ones. The EU could do this with strategic regulation, FDI screening, public procurement, and other tools while shielding policies from special interest and inefficiency.

This Policy Brief is part of a Strategic Autonomy Series, you can find out more about this issue on the project webpage.

Network
Friedrich-Ebert-Stiftung
Fondation Jean-Jaurès
Related publications
15/03/2023

A five-point agenda for how development cooperation can support EU’s strategic autonomy

European Strategic Autonomy series - Economy & Trade
28/02/2023

Progressive pathways to European strategic autonomy 

European Strategic Autonomy series
06/02/2023

Towards a sustainable and resilient future internet 

European Strategic Autonomy series - Digital & Technology
06/07/2022

Europe needs high-tech talent

European Strategic Autonomy series - Digital & Technology
06/07/2022

Countering economic coercion

European Strategic Autonomy series - Economy & Trade
06/07/2022

Leveraging trade policy for the EU’s strategic autonomy

European Strategic Autonomy series - Economy & Trade
04/07/2022

Partnerships and European strategic autonomy

European Strategic Autonomy series - Security & Defense
28/06/2022

Sustainable digital market design

A data-based approach to the circular economy
16/04/2022

Strategic Autonomy Tech Alliances: Political-industrial collaboration in strategic technologies

European Strategic Autonomy series - Digital & Tech
01/03/2022

Leveraging digital regulation for Strategic Autonomy

European Strategic Autonomy series - Digital & Tech
09/02/2022

Elevating the EU’s added value as a security provider

European Strategic Autonomy series - Security & Defence
13/01/2022

Strategic Autonomy: Not without integration

European Strategic Autonomy series - Security & Defence
25/11/2021

An architecture fit for strategic autonomy

European Strategic Autonomy series - Security & Defence
Find all related publications
Publications
18/05/2024

Redefining European engagement in the Israeli-Palestinian conflict

From financial aid to institution building
14/05/2024

Tightening welfare belts again?

FEPS YAN Series
13/05/2024

Toward a progressive geopolitical EU

FEPS YAN Series
13/05/2024

How can RepowerEU consolidate recovery?

Recovery Watch series
Find all related Progressive Post
Progressive Post
08/05/2024

Strengthening territorial cohesion and  the single market

08/05/2024

A good jobs compass for the internal market: creating its human face for the mid-21st century

08/05/2024

On the dangers of promoting scale in the name of competitiveness

Find all related events
Events
Upcoming
29/05/2024
Szeged, Hungary

Taxing the richest in the EU

For a just, social and green transition in Hungary
Past
21/05/2024
Expert meeting, FEPS HQ

Social Europe in the new EU Economic Governance framework

Integrating social investment & social policy actors
09 - 10/05/2024
Nairobi, Kenya

UN Civil Society Conference

FEPS panel: A New Global Deal to implement the SDGs
Find all related news
News
16/05/2024

FEPS at UN Civil Society Conference in Kenya

15/05/2024

Notice of vacancy – Policy analyst on international relations

22/03/2024

FEPS attends the 68th annual Commission on the Status of Women (CSW68)

18/03/2024

FEPS President on Euronews talk-show ‘Brussels, my love?’

NATO extension, Portuguese elections, far-right and gender equality were the topics of the debate
Find all related in the media
In the media

Sustainable democracies need a sustainable media sector, says Jourová

by EURACTIV 02/04/2024
FEPS President Maria João Rodrigues discusses AI and journalism at Stars4Media event

AI won’t replace quality journalism, but sector needs safeguarding, says socialist think tank head

by Euractiv 18/03/2024
Interview with FEPS President on the role of media in Europe’s future

FEPS President on Euronews talk-show ‘Brussels, my love?’

by Euronews 16/03/2024
FEPS President Maria João Rodrigues discusses NATO expansions and elections in Russia and Portugal on Euronews talk-show ‘Brussels, my love?‘

Ласло Андор: Европа трябва да създаде нов модел за икономически растеж

by dir.bg 14/03/2024
'Europe must create a new model for economic growth'. Interview by Laszlo Andor, FEPS Secretary General