EU countries are converging on the need for urgent action to prevent Chinese-driven deindustrialization, supporting a new trade strategy with new instruments and strategic use of existing ones ahead of a key summit.
Chinese car brands are rapidly gaining market share in Brazil, capturing nearly 20% with electric vehicles, competitive pricing, and modern designs. However, experts warn this trend exacerbates Brazil's deindustrialization, posing significant challenges to the local auto industry.
Emma Marcegaglia, former president of Confindustria, calls for Europe to become more autonomous and competitive, urging a stop to deindustrialization. Speaking at the Festival dell'Economia in Trento, she supported Enrico Letta's appeal for a "Declaration of Independence for Europe" and encouraged young people to advocate for deeper European integration.
German expert Reiner Braun stated the EU is weakening across all metrics, citing deindustrialization and catastrophic economic development. He believes this decline fuels a need to confront Russia and China.
Decades of complacency cannot be magicked away by drilling in the North Sea – or even by hoping that renewables will quickly power everythingEwan Gibbs is a historian of energy at the University of GlasgowFirst it was Russia’s full-scale invasion of Ukraine, now it is the blockade of the world’s petroleum artery in the Gulf. For the second time in four years, Britain is facing an energy crisis that has been made much worse because of the absence of preparation by its political leaders.The fact is that our energy politics were conceived for a world where convulsive, global events were a thing of the past. The notion that it would be difficult to access supplies of oil or liquefied natural gas from the international markets did not figure in the understanding of the politicians and officials who shaped our perilous current moment. But even today, the advocates of energy sovereignty on the left and right appear to lack knowledge, understanding or power over this very foundational matter.Ewan Gibbs is a historian of energy, industry, work and protest at the University of Glasgow. He is the author of Coal Country: The Meaning and Memory of Deindustrialization in Postwar Scotland Continue reading...
Germany is grappling with fears of deindustrialization, fueled by political rhetoric and warnings from business leaders. Declining manufacturing value creation and significant job cuts, particularly in the automotive sector at companies like Volkswagen and Bosch, underscore these concerns.
