How America out-deindustrialised Europe
Thursday 23 July 2026
The familiar story of deindustrialisation says Europe is over-regulated, over-taxed and burdened by ageing factories, while the United States is dynamic and high-tech. Yet the data tells a different story.
In our latest blog, Richard Baldwin, Saul Estrin and our Visiting Senior Fellow Bob Hancké, highlight how over the last several decades, the US saw its manufacturing as a share of GDP fall by more than the EU.
Discover the unique story of each bloc’s deindustrialisation, and what this means for industrial policy as the EU embarks on its most ambitious turn towards industrial policy in decades.
