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Challenges In Formulation Of Eu’s Industrial Policy

5435 words - 22 pages

Running Head: ESSAYEssay: Challenges in Formulation of EU's Industrial PolicyIndexAbout the Essay…………………………………………………………………………3Introduction: EU's Industrial Policy………………………………………………….....4Globalize Competitiveness………………………………………………………………5Competitiveness of European Union's Industrial Policy………………………………...8Major Challenges Faced by Industrial Policy of EU…………………………………….11Contribution of Policy……………………………………………………………………20Conclusion……………………………………………………………………………….21Bibliography……………………………………………………………………………..22About the EssayThe given essay is a descriptive paper, which includes complete analysis of the given topic. The essay is based on a very important topic related to the industrial policy of the European Union. The description of the essay incorporates a brief introduction of the industrial policy of the European Union. The Industrial policy of the European Union is engaged at the two stages. These two stages are the level of Member States and the level of European Government. In addition to this, the major challenges faced in the process of formulation of the industrial policy of European Union in the light of globalize competitiveness are also analyzed. The industrial policy of the European Union has very broad principles, which are very effective for the business organization to improve their market competitiveness. The European Union's industrial policy is also helpful to compensate the harm borne by the business enterprises due to failure of market conditions.There were certain critical points in the industrial policy related to the business problems. These points were very significant and thus, made the formulation of the industrial policy for the European Union raise several challenges in...

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