Economy

Relaunching Europe’s space economy

The global space sector is evolving rapidly. No longer limited to scientific missions and Cold War rivalries, it has become a critical arena for commercial innovation, military strategy and geopolitical influence. Satellite launch costs have tumbled, significantly expanding the scope for new space-related applications.

This Blueprint assesses the state of Europe’s space sector, the challenges it faces and how policy could help it in moving forward. It introduces the concept of the new space economy, outlines the major global trends reshaping the sector and analyses the two most important forces driving this transformation: governments and a burgeoning private space sector. Recommendations are offered on how Europe can foster space innovation and support commercialisation, and how it can ensure strategic autonomy in critical space capabilities.

Source : Bruegel

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

AI feedback loops and the conditions for explosive growth

If frontier AI models can be used to develop their next models, this may lead…

11 hours ago

The scramble for critical minerals: An old curse in a new world

Lithium, cobalt, nickel, copper, and rare earth elements are reshaping global trade and great-power politics…

11 hours ago

Japan’s productivity transformation: From within-firm stagnation to market-driven reallocation

Discussions on Japan’s ‘lost decades’ have long focused on sluggish demand and the survival of…

12 hours ago

How the rise of AI matters for fiscal policy

Predictions of the effects of AI on the economy and society tend to focus on…

12 hours ago

The anatomy of job polarisation: Evidence from four decades of French worker flows

Employment polarisation – the decline of middle-skill routine occupations relative to both ends of the…

12 hours ago

Expanding opportunities: Economics PhD placement in the 21st century

Since 2010, a growing proportion of doctoral graduates have been taking jobs outside academia. This…

12 hours ago