International Trade and Innovation: EU policy recommendations

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[...] In addition, it is also important to invest in human capital, knowledge, new organization method and product improvement and so one. Bibliography Professor course Expert talks Europol. (2019). Making the most of globalization: EU trade policy explained. Retrieved from:https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/ [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]making [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]- [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]the [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]- [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]most [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]- [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]of [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]- [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]globalization [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]- [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]eu [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]- [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]trade [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]- [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]policy [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]- [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained]explained [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained] [HYPERLINK: https://www.europarl.europa.eu/news/en/headlines/economy/20190528STO53303/making-the-most-of-globalisation-eu-trade-policy-explained] Nicola GRASSANo. (2020). The 2020 EU Industrial R&D Investment Scoreboard. [...]

[...] Moreover, protectionism policy is an efficient strategy which assures the development of local economies. It will be interesting for the EU to encourage each of the 27 countries to specialize themselves in the production of services or goods for which they have the lowest cost of production. According to Ricardo & Heckscher-Ohlin model (comparative advantage theory), that will increase considerably the country's productivity. Innovation Recommendations In terms of innovation strategy, the EU aim to develop a smart, sustainable and inclusive economy. [...]

[...] So, how could it improve its policies regarding to globalization, international trade and innovation strategy? Globalization and international trade recommendations In 1980, China was one of the poor countries in the world because of its economy was closed to the international market. When it started exportation, the country known an important growth. Today, it is more than ever and essential to encourage liberalism policies. We can pull over from this policy numerous advantages, but countries have to be careful to not becoming too much dependent on their foreign market. [...]

[...] International Trade and Innovation : EU policy recommendations Introduction Globalization is defined as to be the process by which, businesses and other organizations, implement themselves in the worldwide market, in the aim to do trade exchanges. Globalization create interdependence between countries and increase considerably international trade. European Union has a central role in the globalization context thanks to its policies and regulations that help to face to challenges. One of the European Union objectives is to increase opportunities for European companies by cancel commercial barriers as tariffs and quotas and guarantee a loyal competition. [...]