Can Europe really take the Independent road?

People have always wondered European Union’s stance on the political drift between the front runners but they are still left somewhere in the middle. But there is a subtle wave of thought that European officials seem to believe that the EU should now take a more aggressive stance and defend itself more sharply than it used to, especially when it comes to competing against political models.

If you take technology for an example, Japan, America, China and South Korea easily lie ahead of European nations. If they try to take an independent approach in this very sector, it might turn out to be disastrous simply because there is a Fragmented European market. Europe does not have a tech giant to fight the battle. There is another reason for it which is a flexible approach. Be it Asian countries or America, whoever is leading the tech world knows that the industry is very flexible and words matter more than the law. Europe, unfortunately, does not understand this. Their laws do not invite flexibility which might be a reason for them to keep moving ahead but it is not enough to be the best in the business. The approach of it is what the problem is. When it's hard to fire workers, companies are more reluctant to hire them, which means they expand more slowly. In fast moving tech, that's a death sentence.

Even when you think of trade, they surely don’t top the likes of China and America. There area lot of barriers to trade. Let's take language for an example. Europe has 24 official languages while in the US, almost everyone speaks English. This matters when things come to commonality between people. The easier it is to communicate, the better it will be for the business. Such kind of differences mean that somewhere someone is putting an extra effort which translates into cost. European firms must incur expenses for translation and regulatory compliance much sooner in their life cycle than American firms. For businesses like social networks that need scale to work, this is a giant problem.

Even if Europe decides to take the independent route and be more aggressive in their approach, they have to come up with better alternatives than what they have now. If they chose the tougher route, it will definitely generate friction with China and the US and any suffering to their relationship must be taken care of beforehand

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