The EU’s New Plan to Reindustrialise Europe

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The EU has proposed new legislation aimed at re-industrialising their economy and increase its share of overall GDP. So in this video, we’ll explore their alleged decline, how this legislation aims to reverse it, and whether it will actually work.

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Sources

Signing off on IAA
https://www.scmp.com/news/china/diplomacy/article/3355208/well-be-museum-eu-heavyweights-back-industrial-accelerator-china-shock-fears-grow 

Europe deindustrialisation data
https://tradingeconomics.com/european-union/manufacturing-value-added-percent-of-gdp-wb-data.html https://ourworldindata.org/grapher/manufacturing-share-of-total-employment?tab=line&country=JPN~USA~GBR~UN_EUR https://ourworldindata.org/grapher/manufacturing-share-of-total-employment?tab=line&country=UN_EUR~POL~FRA~ESP https://ourworldindata.org/grapher/manufacturing-value-added-to-gdp?tab=line&time=1990..latest&country=Sub-Saharan+Africa~South+Asia~East+Asia+and+Pacific~Latin+America+and+Caribbean~Europe+and+Central+Asia~European+Union~Middle+East+and+North+Africa~OWID_EU27~POL~FRA~ESP https://ourworldindata.org/grapher/manufacturing-value-added-to-gdp?tab=line&time=1990..latest&country=Sub-Saharan+Africa~South+Asia~East+Asia+and+Pacific~Latin+America+and+Caribbean~Europe+and+Central+Asia~European+Union~Middle+East+and+North+Africa~OWID_EU27~GBR~USA~JPNhttps://ourworldindata.org/grapher/manufacturing-share-of-total-employment?tab=line&country=UN_EUR~GBR~USA https://ourworldindata.org/grapher/manufacturing-value-added-to-gdp?tab=line&time=1990..latest&country=Sub-Saharan+Africa~South+Asia~East+Asia+and+Pacific~Latin+America+and+Caribbean~Europe+and+Central+Asia~European+Union~Middle+East+and+North+Africa~OWID_EU27~DEU The IAA (current draft)
https://single-market-economy.ec.europa.eu/document/download/9bc8eb85-4d43-4025-be7b-c86b9f3648ec_en?filename=Proposal%20establishing%20measures%20for%20industrial%20capacity%20and%20decarbonisation%20in%20strategic%20sectors%20.pdf 

Analysis of the IAA
https://www.bruegel.org/policy-brief/flaws-european-unions-proposed-industrial-accelerator-act-and-how-fix-them

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