In Europe we need to do like in China. Or our tech industry is doomed to stay small...
You know what else is not going to make European tech industry globally competitive? The chronic lack of money, because it's all siphoned away by google, amazon, apple, and such. Do we need a global competition? Why?
An internal competition in a huge market is good enough. China encouraged the development of a strong internal market: and they are innovating like crazy. Europe is big enough to do the same.
But is it easy to get the EU countries to even agree on any of this stuff? (Genuinely asking, cuz I imagine it's insanely hard because each country has their own culture and priorities)
Is having a different language a big deal? Also no.
European citizens have better English proficiency and no great firewall, hence the transaction barriers to consuming global services are easier.
I’m afraid you have to be globally competitive unless the EU wants a Great Firewall.
It's just a political choice. It's not a fact of life. Better regulation and better taxation of capitals would "firewall" Europe as well.
As I said below, language has never been an issue. Nobody is using google because is in English. Google is well translated everywhere.
Europe’s problem with tech investment isn’t because of existing big tech players.
"better" yes, but not good enough to make American products successful unless they are translated
It's a lot easier for a Western business to translate their UI to German or French, than it is to Chinese or Japanese. Input methods alone are an issue that calls for interaction UX to be designed differently.
The same is not true for China. It is easy for US firms to serve Europeans by localizing language, ergo European firms face global competition from US firms with a lower barrier.
It is more difficult for US firms to serve the Chinese market, even if you have perfect language localization. The cultural differences are larger than US<->Europe. Even before the Chinese government got protectionist, US firms had trouble competing in China.
We've seen lots of tech companies launched from the UK, Germany, and Scandinavia, but less so from other regions. Perhaps it would be better to ask what is it about say, Italy, or France's internal markets that makes tech harder to find investment for locally.
lol.
There was a time when Western companies were flying under the radar during the first half of Hu’s term allowing JV market share to expand significantly.
China’s economy hasn’t been communist since Mao.
EU should start providing incentives to local companies to build their own business that serve its own people, other than becoming US's satellite states.
Could you link to some articles about this?