Industry as a Key Factor for Economic Recovery and Competitiveness of the Europe

Abstract:

Promotion of an integrated approach for industrial policy at European and national levels is crucial to ensuring the future competitiveness of the European Union and to raise growth potential. Essential for economic success and economic recovery of the European Union is an integrated single market, which creates an attractive environment for business, production of goods and services. Industrial modernization, investing in innovation, new technology, production inputs and skills, increased productivity, efficient use of resources and goods and services with high value added are prerequisites for achieving Europe's comparative advantage in the global economy. The main source of industrial future and competitiveness of the European Union are becoming investments in innovation and key technologies that redefine global value chains, make more efficient use of resources and redesign the international division of labor.

• Periodical: Applied Mechanics and Materials (Volume 613)
• Pages: 441-445
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.613.441
• Online since: August 2014
• Authors: Viera Kyseľová*
• Keywords: Competitiveness, Economy, Industrial Production, Industry, Productivity, Robotic Industry, Robotics

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