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Industrial Policy Network 18 April 2013, Copenhagen PowerPoint Presentation
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Industrial Policy Network 18 April 2013, Copenhagen

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Industrial Policy Network 18 April 2013, Copenhagen

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  1. Presentations and Minutes Industrial Policy Network 18 April 2013, Copenhagen

  2. Network members: Jens Peter Christensen, Fin Krogh Jørgensen, Mika Kärkkäinen, Heidi Husari, HenrikHaapajärvi, Kari Mäkelä, Tone Tønnessen, Ola Asplund, Emma Tjärnback, Conny Nilsson, Jens Bundvad External speakers: Pernille Hagedorn Rasmussen, IDA Peter Roulund, Amager Ressource Center Participants

  3. Approval of Agenda

  4. Minutes IP network 31 January 2013

  5. Current economic and political situation

  6. ManufacturingProduction2005=100, OECD

  7. HarmonisedemploymentOECD - February 2013

  8. Growth – September 2013Nordea

  9. Growth – March 2013Nordea

  10. Unemployment Eurozone and USOECD

  11. Interest ratesNordea

  12. Nordic countriesaresafe havensNordea

  13. National situation

  14. Shift in governmentparadigmaway from supportingindustry to supporting all. Real wagein´creaselastyear 0.8 Exports 4,3 bill euro – decreasing – stagnating due to loss of Nokia productionfacilities Exports and imports same level GDP decreased 0,5 q to q last month 2012 Consumer confidence 10,2 ( long term average is 12,5) Chemical industry has been growing (mainlyoil products) – but maybestagnating Metal sectors – exceptmechanicalengineering is not doingwell. ICT UIL nodecrease in employment of members Taxcutsspeculated on companytaxation. Finland

  15. Situation much the same as in othercountries • Joblessgrowth – problem for centre leftgovernment. • Now negotiationg in parliament a growth plan • Proposal to lower the corporatetax to Swedishlevels. Alsolooking at energytaxation. • Partlyfinanced by reduced student aid and changes in social security • Loweringtaxes on beer and alcohol. • Aimedinvestments for certainindustries • Infrastructureinvestments • No unemployedconstructionengineer • Taxdeduction for peoplehiringpeople Denmark

  16. Central bargaininground • 3 years 6,8% • Part time pensions • Topping up parental leave from companies • Small signs of better times in companies • Uemeployment • rate still high and increasing • Maybeslowfall in 2014. • Special problems with long time unemployment • Governmnt: • economywillonlyreallyimprove in 2015 • Bringing forward infrastructureinvestment • Increasingeducationplaces – but not as many as theytookaway • Leadingeconomistsarenowspeaking for expansivemonetary policy • Currency problem – for paper (warnings of 1500 people 7-8%) • Conflictbetweenmonetary and finance policy Sweden

  17. Economic situation is overall positive • Activity goalsarestagnatingsince last year. • Expectations for growth has beenadjusteddownwards. • Attempts to curbwagegrowth. • 2012 3% real wageincrease – more thanproductivitycanaccount for • Paper industry is in trouble. Nextclosure of largest unit (accounts for 25% of all Norwegianforestry) Norway

  18. Company taxation

  19. Introduction on national industrial policy initiatives

  20. Norwegian initiatives on Community Fund.

  21. Initiative on stateownership • Fellesforbundet’sinitiative • Now supported ny NITO as well • Aim is balancedownership situation • State ownedcompanies have 40% of shares in Oslo Stockexchange (60% of thest is Station) • Foreignownedcompaniesalmostdoubled in numbersince 2003 • Limited access to Private Capital in Norway. • New tool • Existinginvestment in new companies • Supplement with fund for more maturebusinesses for sale • Financed by sale of existing, non strategic, commercialcompaniesownedtoday to buystrategiccompanies • SocDemcongress and LO congress (beginning of May) Community Fund - Norway

  22. Finnishdiscussion on stateownership. • Finnish fund Solidiumdoes not interfere with companyrunning • Debate on possibly more ownership and more active guidelines • New Finnish budget start up money for SME’s • Sweden: No suchdebate, but willtokeep Vattenfall and LKAB as stateowned. • Weshould not be naive on chinesestatecapitalistinvestments • Will initiativeslike the theCommunity fund beoneanswer on the question of short term profitability versus the desirable longer term view NorwegianCommunity FundDebate

  23. IF metallindustrial policy initiatives

  24. Industrial policyIF Metall IN Industripolitiskanätvek Köpenhamn 18 April 2013

  25. Challenges for Swedish industry Innovation Innovation is essential to industry competitiveness Rapid growth in global R&D expenditures Industrial R&D decreasing in Sweden “Swedish paradox” Innovative SMEs Competence Weak interest among young people for tech-careers Education investments in companies Labour market matching Industrin Sysselsatta

  26. How are Swedish companies doing? Production Profits Produktion Investments Produktivitet Productivity

  27. Clusters Research & Innovation Production efficiency Wen everyone follows the same route: What is our uniqueness? • Raw materials • Labour Cost • Economics of Scale • Market Contact • Quality • Novel Technology • Venture Capital • Economic • Transparency • Infrastructure • Education • Social Welfare Advantage Sweden How can we build sustaniable competitiveness?

  28. Fieldsofinterest • ARENAS: • National policymaking/lobbying • Local/regional cooperation • Inside Companies • PARTNERS • Industry Council (Industrirådet) • Other organisations • Social Democratic Party Innovation, Education, VC, Energy, Infrastructure, etc. Infrastructure, Education, etc. Strategy, Education, Works organisation, etc. Dialogogue w. Gov., Industry Day, etc Industry, Government, Academia, Institutes, etc. Research policy, Education policy, etc.

  29. Three Major Themes RESEARCH & INNOVATION EDUCATION & COMPETENCE WORKS ORGANISATION Research& Innovation programmes Venture Capital, Infrastructure, Education, etc. Strategy, Education, Works organisation, etc. Vocational Training - Teknikcollege Education Schemes for adapting to Structural Change Apprenticeship Agreement Integrated view on Productivity, Organisation & Works Environment

  30. IndustriavtaletIndustry AgreementSince 1997, revised 201112 Employers Associations5 Trade Unions Education Teknikcollege Lifelong Learning Research & Innovation Innovation Infrastructure Industry Research Institutes Mobility Innovation Purchase Dialogue Ministry of Education - Ministry of Enterprise - Innovation Strategy Ministry of Employment – Labour market policy Industry Day Annual Arrangement INDUSTRIRÅDET Bargaining Framework Industrial Development Research&Innovation Impartial Chairmen Education&Competence Economic Board Energy&Environment Gender Equality Labour Market Industry Day

  31. Key Issues for Innovation System • Industrial Research Institutes • Strategic Innovation Programs • Innovative Public Purchasing • Innovation infrastructure • Mobility between Industry – Academia • EU-funding

  32. Industrial Research Institutes Goverment Research and Innovation for Sustainability Automation och industriella processer Bioraffinaderi, bioenergi och nya biomaterial  Samhällsbyggnad  e-Hälsa  Energi  ICT  Internet och telekom  Life Science  Livskvalitet  Massa, papper och förpackning  Materialvetenskap  Mobilitet  Risk och säkerhet  Produkt- och produktionsteknik  Transport

  33. Employee education level Manufacturing industry, 1993-2011 Academic - 3 years Primary school Academic > 3 years Upper secondary Max 2 years Upper secondary 3 years Källa: SCB 2011

  34. Flaggskeppsfabriken Flagship InitiativeFactory Work of the FutureI. Companies sharing experienceII. Extracting learning to other companies ISSUES: Organization FactoryWorkerof the Future Competences Tools for Competence Automation: Man-Machine Managingknowledge-based Industrial production Based on the conceptof ”LeanProduction” Adoptedto Swedish context: ”Where do westand, fiveyears from now?”

  35. Is the Nordic productionefficiency – which is based on socualcapital – under threat • Doesclustershappen by themselves (nano-cluster – Finland) • Clusters cannotbe made – but theycanbestrengthened • Whatare unions’ role in cluster formation • Qualifieddemand • Develop Nordic Prodctionculture • Theme for Network • Part of the public debate • Possibleproject: arewereally as good as wethink • Research to market • Are Nordic business managers qualifiedenough? IF-Metall - Debate

  36. Peter Roulund, Head of Secretariat, AmagerRessource Center Sustainable energy in Denmark

  37. Work Programme 2013-2016 • European Parliament and council activities • Industrial Policy Opinion of CCMI • ETS and Climate policy • Reach • Next IPC-meeting • Summer school IndustriAll SWP

  38. Active labourmarketpolicies • Shouldweuse bilateral contacts • Weshouldfocus on fourmain action points • Severalspecific points for changes • Sectoralpolicies – EU policies and mentioncoordination • Fight for the sustainablemodernisationways of Europes • Fight for equitable European introduction of environmental measures • Question marks on a couple of points • European OHS standards • Whatguidelines on demographicguidelines Discussion on IA-E working program

  39. Proposal on the table for an IA-E response to commission Deadline for comments 7 May 2013 Circulated to the IN Work Environment Network and Industrial Policy Network for comments If therearecommentswewilltry to formulate joint Nordic position Reach

  40. 15 May 9.00 Batiment Jean Monnet IPC – premeeting

  41. EU-Questions

  42. Euro Crisis

  43. Real GDP developmentOECD

  44. Long term interest ratesECB

  45. Unit labourcostsNordea

  46. Crisispartly a run-off from Greek haircut • Cypriot bank loans to Greek borrowers worth 160% of GDP • First solution • TargetingRussianaccounts • Did not exemptaccountsbelow 100.000 € • Second solution • Merging banks • Tax rises and privatisations • 40% of accounts above 100.000 transferred to shares. • Losses for largeraccounts – alsoRussian • Score on a scale from 0-10: • Technicalvalue: 5 • Artisticvalue: 0 Cyprus

  47. Cyprus And... The situation remains uncertain

  48. Austerity on a European scale, will bring the economy close to economic stagnation • Austeritywill undermine Europe’sindustrial basis. • International business relocate industrial investment Dynamic demand emerging economies • Austerity will kill potential short and long term growth • Persistent unemployment, in combination with precarious work practices, will downgrade human capital. • Persistent economic depression will harm the incentive to invest Productivity and innovation will suffer as a result of this. • Austerity will prolong the sovereign debt crisis. • Impact of the cuts on the deficit will be offset by the economy’s depression: High social spending – Low tax revenues • New debt added to a stagnating nominal GDP, the ratio of public debt to GDP will continue to shoot up. AusterityvsGrowth – ETUC 2010Austerity

  49. Securingeconomicrecovery and transforming recovery into self sustaining growth should come first. • Falling deficits are to follow afterwards and mainly automatically through renewal of economic dynamism • Stimulus will • Boost economic activity and jobs, thereby preventing cyclical unemployment becoming • Provide the opportunity to invest in infrastructure, networks, research and development and strengthen Europe’s industrial basis • a straightforward fiscal stimulus in Europe is impossible at national level • Europe as political actor – not schoolmaster • Persistent stimulus • Investing in the European economy • Transnational electricity grids, developing green energy, transnational infrastructure AusterityvsGrowth – ETUC 2010Austerity