Europe 4.0 : Addressing the Digital Dilemma

This report examines the underlying economics of different types of digital technologies. It highlights what the new drivers of change are, why the dynamics with this latest round of technological change may be different, and what the distributional impacts may be within and across countries. It the...

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Main Authors:	Hallward-Driemeier, Mary, Nayyar, Gaurav, Fengler, Wolfgang, Aridi, Anwar, Gill, Indermit
Format:	Report
Published:	World Bank, Washington, DC 2020
Subjects:	DIGITAL TECHNOLOGY DIGITAL DIVIDE TECHNOLOGY CHANGE TECHNOLOGICAL CHANGE COMPETIVENESS MARKET INCLUSION INFORMATIONAL TECHNOLOGY TRANSACTIONAL TECHNOLOGY OPERATIONAL TECHNOLOGY GEOGRAPHIC CONVERGENCE SINGLE MARKET
Online Access:	http://hdl.handle.net/10986/34746

id	okr-10986-34746
recordtype	oai_dc
spelling	okr-10986-347462021-05-25T09:59:18Z Europe 4.0 : Addressing the Digital Dilemma Hallward-Driemeier, Mary Nayyar, Gaurav Fengler, Wolfgang Aridi, Anwar Gill, Indermit DIGITAL TECHNOLOGY DIGITAL DIVIDE TECHNOLOGY CHANGE TECHNOLOGICAL CHANGE COMPETIVENESS MARKET INCLUSION INFORMATIONAL TECHNOLOGY TRANSACTIONAL TECHNOLOGY OPERATIONAL TECHNOLOGY GEOGRAPHIC CONVERGENCE SINGLE MARKET This report examines the underlying economics of different types of digital technologies. It highlights what the new drivers of change are, why the dynamics with this latest round of technological change may be different, and what the distributional impacts may be within and across countries. It then examines the evidence for how different digital technologies are – or are not – contributing to competitiveness and opportunities for small and young firms, and firms in less developed areas, and what can be done about it. Europe faces a digital dilemma. European firms are particularly strong in operational technologies such as smart robotics and 3D printing. While this helps Europe's competitiveness, it also widens the divide between large and small firms, and leading and lagging regions. On the other hand, digital technologies, such as transactional technologies or matching platforms, have the greatest potential for market inclusion and convergence, but this is where Europe remains less competitive. The report lays out how Europe 4.0 is attainable. The COVID-19 (coronavirus) pandemic has highlighted the importance of the data economy — and raised the risks if the digital dilemma is not addressed. This report provides a framework, evidence and recommendations on how governments can respond. Europe has the chance to attain a dynamic and inclusive technologically enhanced future, it should take that chance. 2020-11-05T21:56:28Z 2020-11-05T21:56:28Z 2020-11-09 Report http://hdl.handle.net/10986/34746 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	DIGITAL TECHNOLOGY DIGITAL DIVIDE TECHNOLOGY CHANGE TECHNOLOGICAL CHANGE COMPETIVENESS MARKET INCLUSION INFORMATIONAL TECHNOLOGY TRANSACTIONAL TECHNOLOGY OPERATIONAL TECHNOLOGY GEOGRAPHIC CONVERGENCE SINGLE MARKET
spellingShingle	DIGITAL TECHNOLOGY DIGITAL DIVIDE TECHNOLOGY CHANGE TECHNOLOGICAL CHANGE COMPETIVENESS MARKET INCLUSION INFORMATIONAL TECHNOLOGY TRANSACTIONAL TECHNOLOGY OPERATIONAL TECHNOLOGY GEOGRAPHIC CONVERGENCE SINGLE MARKET Hallward-Driemeier, Mary Nayyar, Gaurav Fengler, Wolfgang Aridi, Anwar Gill, Indermit Europe 4.0 : Addressing the Digital Dilemma
description	This report examines the underlying economics of different types of digital technologies. It highlights what the new drivers of change are, why the dynamics with this latest round of technological change may be different, and what the distributional impacts may be within and across countries. It then examines the evidence for how different digital technologies are – or are not – contributing to competitiveness and opportunities for small and young firms, and firms in less developed areas, and what can be done about it. Europe faces a digital dilemma. European firms are particularly strong in operational technologies such as smart robotics and 3D printing. While this helps Europe's competitiveness, it also widens the divide between large and small firms, and leading and lagging regions. On the other hand, digital technologies, such as transactional technologies or matching platforms, have the greatest potential for market inclusion and convergence, but this is where Europe remains less competitive. The report lays out how Europe 4.0 is attainable. The COVID-19 (coronavirus) pandemic has highlighted the importance of the data economy — and raised the risks if the digital dilemma is not addressed. This report provides a framework, evidence and recommendations on how governments can respond. Europe has the chance to attain a dynamic and inclusive technologically enhanced future, it should take that chance.
format	Report
author	Hallward-Driemeier, Mary Nayyar, Gaurav Fengler, Wolfgang Aridi, Anwar Gill, Indermit
author_facet	Hallward-Driemeier, Mary Nayyar, Gaurav Fengler, Wolfgang Aridi, Anwar Gill, Indermit
author_sort	Hallward-Driemeier, Mary
title	Europe 4.0 : Addressing the Digital Dilemma
title_short	Europe 4.0 : Addressing the Digital Dilemma
title_full	Europe 4.0 : Addressing the Digital Dilemma
title_fullStr	Europe 4.0 : Addressing the Digital Dilemma
title_full_unstemmed	Europe 4.0 : Addressing the Digital Dilemma
title_sort	europe 4.0 : addressing the digital dilemma
publisher	World Bank, Washington, DC
publishDate	2020
url	http://hdl.handle.net/10986/34746
_version_	1764481567031296000

Europe 4.0 : Addressing the Digital Dilemma

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