b> Many cities and some countries are doing great things, but the EU likes to slow everything down
If it was that simple, its a whole mess with both EU and member states implicated:
In 2008, the EU established a European Institute of Innovation and Technology (EIT) with the aim of replicating the success of institutions like MIT. If you have not heard of it, it is not your fault. The effort went badly from the start, as EU countries couldn’t agree on where to put it. So, in true EU fashion, governments compromised by breaking it into pieces and spreading it across multiple cities. So much for agglomeration effects.
But, it seems to me that to a greater extent than in the US, the money isn’t being captured by European GDP, and in many cases the projects using such technology that enable further growth are happening outside European borders.
Case in point: Germany subsidizing early development of solar. But there is longer any production of solar panels in Germany.
The traditional European approach is to wait for someone or something to raze your city and then rebuild with newer stuff and a better plan.
I think I’ve even seen a study about areas bombed out during WWII performing better economically today.
If it was that simple, its a whole mess with both EU and member states implicated:
Of course, I was definitely oversimplifying for my comment!
I think I’ve even seen a study about areas bombed out during WWII performing better economically today.
One good example is the collapse of the steel industry in the US, hastened by Europe and Japan using newer and better equipment. I haven’t looked into direct comparisons between cities in Europe, that would be interesting.
b> Many cities and some countries are doing great things, but the EU likes to slow everything down
If it was that simple, its a whole mess with both EU and member states implicated:
Case in point: Germany subsidizing early development of solar. But there is longer any production of solar panels in Germany.
I think I’ve even seen a study about areas bombed out during WWII performing better economically today.
Of course, I was definitely oversimplifying for my comment!
One good example is the collapse of the steel industry in the US, hastened by Europe and Japan using newer and better equipment. I haven’t looked into direct comparisons between cities in Europe, that would be interesting.