Jens Suedekum

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Europe in the Global Race for Technological Leadership

by Jens Suedekumvia Governance In An Emerging New World
Monday, February 4, 2019

The European Union (EU) is a large and powerful economic area. With a gross domestic product of around 19 trillion dollars in 2018, the EU has a similar economic size as the United States of America.1 It is home to 512 million inhabitants and will remain more populous than the United States even after the possible departure of Great Britain in March 2019.2 Europe hosts numerous world market leading firms, especially in manufacturing, which export high-quality products everywhere. It is a highly competitive and advanced economy.