Il mercato unico europeo alla prova della competizione geopolitica

By Antonio Calcara

27.2.2024

Pandora Rivista

The European single market, on the occasion of its thirtieth anniversary, has been defined as the greatest achievement of the European integration process. However, it is currently subject to a major stress test: the current geopolitical competition requires a reconfiguration of the European single market to face new and important challenges. The ability of Chinese industrial and technological champions to penetrate our market could in fact make it vulnerable to external interference. In this context, the geopolitical competition between China and the United States and the latter’s desire to make industrial policy plans could create problems for the European single market, conceived in an era of great expansion of global markets. The geopolitical competition between Beijing and Washington, combined with the return of war in Europe, the increase in energy costs and rapid technological change, has encouraged public decision makers to make exceptions to the strict competition laws of the European market to favor plans industrialists and the creation of European champions capable of competing with the Chinese and US giants. However, this could alter the very principles with which the European single market was established: equal market access, competition and limits on industrial policy.

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