Industrial Policy in Europe: Chemistry in a Cage
The EU aims to define essential chemicals for Europe to enhance resilience and protect its industry, though the plan is unlikely to succeed.
The European Union is set to determine which chemicals are vital for its industries as part of a strategy to bolster resilience and safeguard economic interests. This initiative emerges amid growing concerns over dependency on foreign imports for critical resources, highlighted by global geopolitical tensions such as the Russian invasion of Ukraine and fluctuations in U.S. reliability. The focus on 'resilience' rather than outright nationalism indicates a contemporary drive towards self-sufficiency in key sectors.
The sentiment underpinning this push resonates with historical critiques of nationalism, drawing a parallel to Kurt Tucholsky's observations on isolationist rhetoric in the past. The current discourse emphasizes reducing reliance on external suppliers, notably from outside Europe, including raw materials sourced from nations like the U.S. and China. This reflects a broader shift in perspective, where resilience is prioritized, molding the EU’s industrial policy framework.
Despite the consensus on the need for a more resilient European economy, doubts persist regarding the feasibility of implementation. The complexities involved in identifying and securing crucial chemicals while navigating economic interdependencies pose significant challenges. As Europe seeks to redefine its industrial landscape, the success of these initiatives will hinge on balancing security interests with the realities of global trade dynamics.