Decline of manufacturing in Europe slows, says Bruegel report

euroflag300A new report from the independent economic think tank Bruegel says that the decline of manufacturing in Europe has slowed down, despite the loss of jobs in the sector.

The report, entitled “Manufacturing Europe’s future,” argues that the contribution of manufacturing to European economies is changing, creating fewer jobs overall, and those that are created are more skill-, value- and service-type positions that generate productivity growth and external competitiveness for Europe.

In contrast to the sector-based, targeted approach that characterises the current position of the European Commission on industrial policy, the Bruegel paper argues for a “horizontal” cross-sectoral policy. This, it says, would set the right framework where economic processes can take place, without intervening in those processes. Examples of horizontal intervention include competition policy, aid in setting up businesses, and the promotion of education and training.

The publication was edited by Bruegel Senior Fellow Reinhilde Veugelers and includes contributions from other Bruegel fellows and experts of the Organisation for Economic Cooperation and Development (OECD).

Download the report here

This material is protected by copyright Ken Hurst 2013.


About Ken Hurst

Ken Hurst began his career as a journalist in London over 30 years ago, working on a range of publications before moving on to weekly newspaper production in the newly-independent Zambia of the 1970s. He returned to the UK where his work included spells on newspapers and magazines, before moving to head up Norwich Union’s corporate affairs division. In the 1990s he moved on to freelance, co-own and publish the B2B audio magazine Sound and front the BBC radio Yesterday’s Papers programme. There followed six years as Business Editor at Britain’s biggest selling regional daily newspaper, The Eastern Daily Press, where he led an award-winning team and for whom he still writes a weekly socio/political comment column. Subsequently, he was Group Editorial Director at CBM, responsible for its UK and US magazine output – including The Manufacturer magazine – research-driven industry reports and live events content. Currently he is Contributing Editor at Works Management magazine publisher Findlay Media and Chairman of the consumer publishing house TNT Multimedia Ltd. He is a Fellow of the Royal Society of Arts and of the British Association of Communicators in Business.
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