Commission releases reflection paper on how harnessing globalisation | European Commission – Publication

The reflection paper opens up a vital debate on how the EU can best harness globalisation and respond to its opportunities and challenges:

On the external front, the paper focuses on the need to shape a truly sustainable global order, based on shared rules and a common agenda. The EU has always stood for a strong and effective ‘multilateral’ global rulebook and should continue to develop it in a way that addresses new challenges and ensures effective enforcement. For example, the EU could push for new rules to create a level-playing field by addressing harmful and unfair behaviour like tax evasion, government subsidies or social dumping. Effective trade defence instruments and a multilateral investment court could also help the EU act decisively against countries or companies that engage in unfair practices.

On the domestic front, the paper suggests tools to protect and empower citizens through robust social policies and providing the necessary education and training support throughout their lives. Progressive tax policies, investing in innovation and strong welfare policies could all help redistribute wealth more fairly. Meanwhile, use of EU structural funds to assist vulnerable regions and the EU Globalisation Adjustment Fund to help displaced workers find another job can help mitigate negative impacts.

Files

Related information

  • White paper on the future of Europe and the way forward

  • White paper on the future of Europe: Drivers of Europe’s Future

    Europe is at a crossroads and needs to decide how it wants to tackle the challenges of today.

  • White paper on the future of Europe: Five scenarios

    These five scenarios offer a glimpse into the potential future state of the Union, depending on the choices Europe will make.

  • White paper on the future of Europe: The way ahead

    The debate on the future of Europe starts with the white paper and ends with the European Parliament elections in 2019.

Share on FacebookTweet about this on TwitterShare on LinkedIn