High-Technology Products: A Source of Asymmetry in Europe ?
The creation of the monetary union has put the issue of asymmetry among member countries at the heart of Europe's economic debate. An analysis of the position of the different countries in trade in high-technology products highlights a source of asymmetry which is often neglected. European countries appear to be unequally specialised in high-tech products and their positioning in product quality ranges is clearly different. Furthermore, the geographic structure of their trade does not expose them to economic shocks in a similar manner. To be sure, technological products only represent a small share of European production and trade. But, heterogeneity among European countries may lead to cumulative asymmetries, given the specificities of these products and the rents they generate. This should encourage a re-examination of the objectives and means of Community structural policies.
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