Relations (1)

cross_type 2.58 — strongly supporting 5 facts

The European Union is linked to digital technologies as it currently faces a competitive disadvantage in these sectors compared to the United States and China [1], [2], [3]. Furthermore, the bloc maintains limited market leadership in these areas [4] and is actively evaluating strategies to reduce its dependency on foreign providers for core digital technologies [5].

Facts (5)

Sources
The European Union's Strategic Autonomy, Transatlantic Shifts and ... frictions.europeamerica.de Oleksandr Kandyuk · Frictions 3 facts
claimThe European Union's economic competitiveness is a growing concern in Brussels because the bloc lags behind the United States and China in key sectors such as digital technology, artificial intelligence, and green energy.
claimThe European Union is lagging behind the United States and China in key economic sectors, specifically digital technology, artificial intelligence, and green energy, which threatens the long-term prospects for European prosperity.
claimThe European Union lags behind the United States and China in key modern economic sectors, specifically digital technology, artificial intelligence, and green energy, which threatens the long-term prospects for European prosperity.
Strategic Rivalry between United States and China swp-berlin.org SWP 2 facts
measurementThe European Union is the world's largest exporter but holds market leadership in only a small number of digital technologies.
perspectiveThe European Union must consider compensating for its dependency on the United States and China in core digital technologies by leveraging its strengths in other economic sectors.