The EU Isnt Even Running The Race For Technoindustrial Leadership
The European Commission has identified various risks to the EU's economic security, from supply chain dependency to economic coercion. But these are signs of a deeper geo-economic instability, and one of the main reasons for the Commission's 'no risk' - intense energy competition in industry. .
Technical thinking...
The European Union must analyze this geo-economic challenge and develop tools to better coordinate European security. Obligation:
- Starting a competition for technology and industry leadership
- Expect a significant technological edge in future industries
- Creating a community of economic intelligence
China's efforts to become a technological superpower and the United States' determination to counter it will pose a fundamental challenge to the restructuring of the global economy and European security. The EU and its member states must stop treating economic security threats in isolation from national security. Instead, they must determine how the loss of key assets and technologies will affect European security.
The EU and its Member States should identify areas of critical technological importance in terms of research, innovation and production capacity. In order to secure this interest, the EU must control technological, trade and security policy instruments. For example, incentive tools such as research funding and government support should be tied to specific technology goals. A new consensus on export controls should be reached, giving member states more flexibility to impose coordinated restrictions when the risk of losing a critical technological advantage is serious.
Better knowledge of the industry and its supply chain allows greater bargaining power in the competition between technology and industry. The EU's ability to enhance its economic security depends on the integration of intelligence collected by the EU and its member states through various tools. This requires great trust and strong management. Creating a framework for the EU's limited but growing exchange of artificial intelligence would greatly enhance the EU's geo-economic strength.
... for a new era
Europe's economic security is particularly exposed to the challenges of the current geo-economic reorganization, as the power chains in the global economy are rapidly eroding. Technology connectivity is here to stay. To ensure economic security, the EU must position itself as a key player in tomorrow's technology networks. On the other hand, the division of the European Union into commercial instruments controlled by the European Commission; On the other hand, the security apparatus operated by member states becomes less meaningful in technological and industrial competition, where economic security and national security are becoming two sides of the same coin.
The European Council does not take a common position on foreign relations. ECFR publications reflect the opinions of their authors only.
