Reported about 1 year ago
Europe's share in the global economy is shrinking, with indicators like capital investment, research and development, and productivity growth falling behind the US and China. Experts warn of a 'competitiveness crisis' as Europe struggles to keep pace with investments in advanced industries like semiconductors. Calls for fundamental changes in the EU's structure and financial regulations have been made to enhance competitiveness, but challenges lie ahead as smaller countries within the EU fear loss of autonomy and industry disadvantage. Measures like greater public investment and integration of small businesses are suggested to boost Europe's competitiveness in defense, energy, and technology sectors.
Source: YAHOO