Euro­pean re-in­dus­tri­al­i­sa­tion must avoid so­cial dump­ing

Malta Independent - - NEWS -

For­mer Prime Min­is­ter Al­fred Sant said that re-in­dus­tri­al­i­sa­tion in Europe needs a pol­icy de­signed for all sea­sons, not when ma­jor com­pa­nies are about to col­lapse. It needs con­sis­tent and ef­fec­tive ap­pli­ca­tion. The Euro­pean tra­di­tion is one which as­so­ci­ates public pol­icy with in­dus­trial en­deav­our.

“Say­ing so is not a re­jec­tion of glob­al­i­sa­tion. Rather it re­flects the need for a Euro­pean com­mit­ment to the planned de­vel­op­ment of glob­al­i­sa­tion which avoids so­cial dump­ing through free trade. There is no other way by which to pro­mote re-in­dus­tri­al­i­sa­tion and make it ap­pli­ca­ble equally to big and small com­pa­nies,” said the Mal­tese MEP.

Dr Sant was ex­plain­ing his vote in favour of a Res­o­lu­tion on the ‘Need for a Euro­pean rein­dus­tri­al­i­sa­tion pol­icy in light of the re­cent Cater­pil­lar and Al­stom cases’ at the Euro­pean Par­lia­ment in Stras­bourg.

The Res­o­lu­tion re­flects a call for a pol­icy to “re-in­dus­tri­alise” the EU, in the wake of clo­sure and re­dun­dancy plans an­nounced by gi­ant com­pa­nies such as Cater­pil­lar and Al­stom. These clo­sures are be­ing seen as a symp­tom of Europe’s in­dus­trial malaise.

Dr Sant said that dur­ing the past years re-in­dus­tri­al­i­sa­tion was sup­posed to have been a ma­jor plank of EU pol­icy. As an is­sue, it was only pro­moted spo­rad­i­cally, when ma­jor prob­lems arose for ma­jor in­dus­trial play­ers in ma­jor EU mem­ber states. “Mean­while,” said Dr Sant, “most other mem­ber states ex­pe­ri­enced con­tin­u­ing shocks to their in­dus­trial sys­tems. They suf­fered big losses in em­ploy­ment and in­dus­trial knowhow. De-in­dus­tri­al­i­sa­tion af­fected big and small com­pa­nies alike.”

While high­light­ing im­por­tant fac­tors about re-in­dus­tri­al­i­sa­tion, Dr Sant said that the wor­ries of big and small com­pa­nies and the need to pro­mote a re­ally ef­fec­tive re-in­dus­tri­al­i­sa­tion strat­egy were buried un­der the pre­oc­cu­pa­tion with a com­pe­ti­tion pol­icy that screens out all state aid; a strong com­mit­ment to free trade un­der the aegis of glob­al­i­sa­tion; and a be­lief that ser­vices by them­selves would keep Europe’s economies in com­pet­i­tive shape.

Al­fred Sant

Newspapers in English

Newspapers from Malta

© PressReader. All rights reserved.