The new European Commission strategy,“Virtual Worlds” aims to use a mix of regulation and industrial policy to closethe gap with the United States and China in digital technologies. In this CSDSPolicy Brief, Antonio Calcara analyses the new strategy to indicate how theEuropean Union is balancing regulation and industrial policy. He argues thatEuropean policymakers will have to accept two painful realities: competing inthe digital age will necessarily require a further concentration of resourcesin the most competitive countries and sectors, and thus a reconfiguration ofthe European Single Market. Also, Europe cannot go it alone. Accepting thesetwo realities can offer an opportunity to seek new creative solutions andstrengthen Europe's position in digital technologies.

https://prod-b4156475194d8706-vub.paddlecms.net

Related Articles:

• Supporting the Global South in Tackling Climate Change: Where is the G20 heading?
• The ECB Strategy: The 2021 Review and its Future
• Multi-stakeholder Partnerships in the 2030 Agenda