Policy Brief 61 - Manufacturing First
Why Europe should do more to promote industrialization in developing countries. A Policy Brief by Guglielmo Maccario, and Giorgio Presidente
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FilePB61_Manufactoring First.pdf (645.16 KB)
Executive Summary
Promoting industrialization in the Global South would create new markets for EU producers, help diversify supply chains, reduce migration pressures, and strengthen EU soft power.
The European Commission has allocated €80 billion to development aid, neighbourhood policy, and international cooperation - almost as much as to Horizon Europe, its flagship research and innovation program.
Yet only a small share of these resources is devoted to fostering industrial development. Existing instruments, such as the European Fund for Sustainable Development Plus, could be redirected to incentivize the adoption of productivity-enhancing industrial technologies.
We propose a simple methodology to identify concrete cooperation opportunities that would mutually benefit the EU and partner countries.
IEP Bocconi does not express opinions of its own. The opinions expressed in this publication are those of the authors. Any errors or omissions are the responsibility of the authors.
