2023 | Author(s): C. Altomonte, G. Presidente, N. Coniglio, D. Vurchio, C. Pasini, N. Cantore
#Policy Brief
Developed countries are witnessing a resurgence in industrial policy in response to the
‘poly-crisis’ caused by the COVID-19 pandemic, rapid digitalization, climate change and
escalating geopolitical tensions. The concept of ‘strategic autonomy’, i.e. reducing reliance
on key intermediate goods and raw material imports lies at the centre of industrial policy
in the European Union (EU). By analysing the trade patterns of industrial goods at
the product level and applying UNIDO’s DIVE tool, coupled with a novel filtering procedure, we identify the challenges and opportunities for NACs under this new European policy framework while also offering evidence-based policy recommendations for the region’s governments.