EU-US Competitiveness: A Widening Gap
Description
Today we analyze a recent Elcano Royal Institute report that analyzes the widening competitiveness gap between the EU and the US. Using nine key performance indicators from the European Commission and additional metrics. The authors assess EU performance in areas such as the single market, access to capital, public investment, R&D, energy, digitalization, and education. The analysis reveals significant EU weaknesses, particularly in digitalization and R&D spending, while highlighting relative strengths in renewable energy and trade surpluses. The report also examines factors like productivity, regulatory burdens, and company size contributing to the disparity. Finally, it concludes with observations on the need for improved EU policies and a more efficient public sector to bridge the gap.