Isabella Weber
speaker
207 appearances
1 recordings
1 series
first heard Sep 2024
last heard Sep 2024
Isabella Weber’s voice in public audio — every appearance, attributed to the second.
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Odd Lots · Lots More With Isabella Weber on Draghi's EU Competitiveness Report · 13 Sep 2024
podcast
I think it's important to take into account that many of these European companies are actually totally global companies at this point, right?
If you look at, for example, Mercedes-Benz, this is an absolutely global company.
It's in a way as Chinese as it is German.
They have massive, massive investments in RD.
In China, they say themselves that to kind of stay on top of the automobile game, they need to be in the Chinese market because the Chinese consumer is the most demanding consumer at this point.
It's the market with the highest degree of innovation in all directions of the experience of moving in a four-wheeled vehicle from one place to another.
So that actually, for example, Mercedes-Benz has been coming out against European tariffs on Chinese.
Right.
Yeah.
So I think this is a again an if you only take the nation as your unit of analysis, you might actually run into problems.
And for the European continent that has been much more, at least with Germany at its economic core, much more relying on exports and actually integrating its own companies into the Chinese market, I think there's also, in a way, something different at stake from the United States.
That has been running pretty persistent trade deficits with China, right?
So just taking the the US strategy and then like kind of adapting it to the European context runs the risk of overseeing.
the different role of European companies in the Chinese economy and the the the the the importance of the Chinese market and the Chinese innovation ecosystem for um some of these um uh core European industries.
It's an interesting thought, but then again, like if we go back to nineteen nineties East Germany, that is probably the purest example of shock therapy, right?
Um and when we look at
the at least initial knee jerk reaction in Germany to the question of
The energy price shock, then of course there has been um uh a change in course and the energy price breaks and so on.
But there there there have been some elements of like kind of energy price shock therapy.
So I'm I'm not sure how much has been learned from the nineteen nineties experience.
Showing 181–200 of 207 · page 10 of 11
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