According to this Bruegel policybrief, Europe’s corporations are changing the way they do business, in a context of increasing competition and scarcity of top-talent. They are slicing up the value chain and introducing flatter chains of command in order to cut costs and woo the highly skilled workers. Contrary to popular belief, both off-shoring to the near-abroad and immigration of skilled workers can foster European competitiveness and help keep jobs in Europe. This is also highly relevant for a small open economy like Belgium.
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