Europe Must Pay Off

29.01.2024

WIFO Director Gabriel Felbermayr's Plea for a Future-proof Europe

"Europe is in a better position than many people think. However, in order to continue to guarantee prosperity and security, the EU must bring tangible benefits for citizens and member states," said WIFO Director Gabriel Felbermayr on 29 January 2024 on the occasion of the publication of his book "Europa muss sich rechnen" (Europe Must Pay Off), published by Brandstätter Verlag.

Inflation, energy crisis, rising national debt, declining competitiveness, fragile external borders: The economic state of Europe looks bleak, even though a strong, dynamic Europe is the best guarantee for the prosperity and security of its member states, especially in geopolitically dangerous times. Added to this is the impression that European politics is bureaucratic and remote from its citizens, caught up in disputes over distribution issues.

According to Felbermayr, the European Union should "concentrate on its core competences and do what it does better. This is the only way it will find sufficient support internally and be heard externally." In his plea for a future-proof Europe, he shows why the key to this lies in completing the economic union and why we need to develop into a union of common public goods.

The book is part of the series "Auf dem Punkt" published by Hannes Androsch. Our world is undergoing profound and rapid change. The upheaval of society with its increasing complexity and the disruption of the political order are creating growing uncertainty. This makes orientation and new impulses all the more necessary. With this in mind, leading intellectuals and experts take a stand on the key issues of our time in this book series. In a compact form, they offer new perspectives on the path to a socially, politically and economically functioning world for present and future generations.

Gabriel Felbermayr has been Director of the Austrian Institute of Economic Research (WIFO) in Vienna and University Professor at the Vienna University of Economics and Business (WU) since 1 October 2021. Professor Gabriel Felbermayr, PhD, was born in June 1976 in Steyr, Austria. After studying Economics and Trade at the University of Linz, he went to Florence, Italy, to pursue his doctoral studies. From 2004 to 2005, he was an Associate Consultant with McKinsey & Co. in Vienna. From 2005 to 2008, he was Assistant Professor at the University of Tübingen. From 2009 to 2010, he held a chair in International Economics at the University of Hohenheim (Stuttgart). From 2010 to 2019, he led the ifo Center for International Economics at the University of Munich, where he also served as a full professor in International Economics. From 2019 till September 2021, he was President of the Kiel Institute for the World Economy and held a chair in Economics and Economic Policy at Kiel University (CAU). Gabriel Felbermayr holds various roles and positions. The most important are: Member of the Scientific Advisory Board of the German Federal Ministry of Economics and Energy, Chairman of the Statistics Council of the Statistics Austria Federal Institute, Associate Editor of the European Economic Review. His research and consulting work focuses on issues of international trade theory and policy, labour market research, European economic integration, and current economic policy issues. He has published a large number of articles in international academic journals, policy briefs, and newspapers. His research has been recognised with several awards.

On 19 February 2024 at 7:00 pm a reading by Gabriel Felbermayr will take place at the Thalia bookshop in Wien Mitte (Landstraße Hauptstraße 2a/2b, 1030 Vienna).

Further information about the book can be found here.

The presentation documents (in German) are available here.

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Verena Kraushofer

Activities: Eventmanagement – Public Relations
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© Alexey Larionov/Unsplash