In a new discussion paper, President and Co-founder Paul Hofheinz and Deputy Director and Senior Fellow Luukas K. Ilves take a look at the coming challenge – and strategic advantage – for a renewed European digital agenda under the incoming European Commission. The discussion paper looks at three key tests Europe faces: 1) An incomplete single market; 2) an incomplete digital society, and 3) the absence of global digital champions coming from within Europe and proposes an Eight-Point Action Plan for the European institutions and the incoming European Commission. Among the key recommendations are “complete the single market,” upgrade the digital AND the single-market dossiers in a commission restructuring, use co-creation and “design thinking” in policymaking and commit to an “Every European Digital” programme to end Europe’s digital divide.
The digital economy accounts for 25 percent of global GDP today and as much as 50 percent of value creation going forward. To maximize the digital economy’s potential, policymakers must adopt effective rules and norms to facilitate trade in digital goods and enable the free flow of data, as GTIPA-member reports in this category explore.