a column by Sébastien Jean, Anne Perrot and Thomas Philippon for VOX: CEPR’s Policy Portal
Some policymakers believe that EU competition policy prevents the emergence of industrial champions.
The column argues that Europe’s competition policy has successfully contained the rise in concentration and excess profits, and the EU should not follow the US in weakening its approach. Instead, the EU needs to strengthen its trade policy to be more assertive on reciprocity in market access and control of industrial subsidies.
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