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Report highlights China/India threat to EU's hi-tech safety net:

This article was originally published in Clinica

Executive Summary

A report released last month outlines the imminent threat to the EU from India and China, due to their increasing high-tech expertise. In "Europe's hi-tech future: the last colonial delusion", Caroline Lucas MEP, argues that the US "off-shoring crisis" shows that such expertise did not safeguard the workforce of that country. Cheap, highly trained hi-tech engineers and graduates replaced their US counterparts. The same can happen to the EU, warns the MEP. The report suggests a move towards "managed markets, based on tariffs and quotas" and away from open market flexibility and deregulation, if the EU is to remain competitive. The report is available at http://www.carolinelucasmep.org.uk/framesets/publications.html

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