Project Syndicate - Europe Should Reject US-Style Competitiveness

Legal director Sandeep Vaheesan emphasizes that Europe doesn’t need to copy America’s model to be competitive; it should double down on strong competition policy to avoid the economic imbalances and harms baked into the US approach.

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European leaders seem increasingly convinced that, to succeed in the 21st century, they must reshape Europe's economy in America’s image. But the American brand of "competitiveness" contributes to major imbalances and far-reaching harm, which the European Union can avoid by embracing effective competition policy.

Even before President Donald Trump ratcheted up his demand for US control of Greenland, European leaders were feverishly reassessing every aspect of the transatlantic relationship, from security to trade. One area of particular concern has been the European Union’s supposed “competitiveness” deficit with the United States. 

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