Europe's 'Geopolitical and Technology Shock’: Can the EU Stay Competitive in a US-China Dominated World?

EAI Director Prof Alfred Schipke speaks to ST Lee Chair in US-Asia Relations at the Harvard Kennedy School Prof Rana Mitter in this episode of East Asia Pulse.

They discuss how Europe can close the gap with the US and China as it confronts a "technology shock" that threatens its competitiveness in key industries. They also weigh in on how the EU can navigate US-China rivalry and leverage its competitive advantages to transform its dual dependencies on the US and China into “dual opportunities”.

Highlights:
-0:51 How Europe can reconcile its economic dependencies on the US and China with its aspirations for strategic independence, and strengths in specific areas that Europe can leverage, such as semiconductors and the setting of global norms and standards
-6:25 The ‘technology shock’ that threatens Europe’s competitiveness in key industries, such as electric vehicles, and how Europe can overcome structural challenges that it faces such as the lack of capital, as well as human capital
-9:13 The prospects and key considerations for adopting a coordinated Pan-European industrial strategy, promoting partial integration of European markets as well as stronger security cooperation in Europe
-18:00 Collaborations between Europe and other countries to boost its economic competitiveness and overcome structural challenges
-25:28: Sectors with potential for Europe-China collaboration and investment, such as energy transition and healthcare, even amidst ongoing concerns about national security
-29:22 How the UK and EU can identify comparative advantages to strengthen global engagement, including engagement with China

This podcast episode was recorded on 8 January, 2025.

East Asia Pulse is a podcast produced by the East Asian Institute at the National University of Singapore (NUS). It provides in-depth analyses of political, economic and strategic trends in East Asia.

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