Columbia International Affairs Online: Policy Briefs

CIAO DATE: 08/2014

Labor, Technology, and Innovation in Europe: Facing Global Risk through Increased Resiliency

Peter Engelke, Robert A. Manning

June 2013

Atlantic Council


The world is currently undergoing a Third Industrial Revolution, one which challenges the long-term economic vitality of the transatlantic community. In the midst of this third revolution, Europe and the United States face growing threats from structural risks that, if left unaddressed, will undermine chances for long-term recovery from current economic difficulties. If Europe and the US are to remain competitive, a comprehensive strategy for ensuring long-term economic resiliency is required. This strategy must address structural weaknesses which constrain innovation, high-skilled education efforts, and effective labor utilization. Without improvement in these core areas new generations of workers will be ill-equipped to face developing trends. Transatlantic leaders will have to pay heed to these structural threats while reimagining their social contracts to compensate for current developmental weaknesses.