Unfortunately, the author of this piece made no reference to my Project Syndicate commentary of March 21, 2017 on 'Europe's Dutch Turning Point': https://twitter.com/scweijffinger/status/852488712428630016?refsrc=email&s=11
explains the roots of the lack of accountability in India, highlights shortcomings in human capital and gender equality, casts doubt on the country’s ability to assume a Chinese-style role in manufacturing, and more.
While China and the US take advantage of scale to pursue large-scale investment in critical sectors, the EU struggles to follow suit, owing to its decentralized fiscal structures and rules limiting government subsidies to industry. A new EU-level investment program is urgently needed.
advocates a federal investment program, funded by EU sovereign-debt issuance and administered centrally.