Statement by Grant Aldonas, Senior Advisor at the Center for Strategic and International Studies (CSIS) and Former Under Secretary of Commerce for International Trade, on the European Commission's Ruling on Intel Today

ARLINGTON, Va., May 13 /PRNewswire/ -- ARLINGTON, Va., May 13 /PRNewswire-USNewswire/ -- The following is a statement from Grant Aldonas:

"This is a potentially costly ruling for both the United States and Europe. It could lead to higher computer prices, which will hinder investment in information technology, making both economic recovery and improvements in our long-term competitiveness more difficult. Given the implications for R&D that drives Intel's investment in both Europe and the United States, it makes little sense to divert these funds to the European Union's coffers instead. If the United States wants to remain competitive, it is vital that it not follow this European model of punishing companies for the simple reason that they are more successful than their competitors.

There is, however, an important lesson here for the new Administration. President Obama's efforts to get the economy back on track can easily be derailed by making the wrong choices in other areas of economic policy. Following the European Commission's approach, which amounts to insulating Intel's competitors from vigorous competition, would erode, rather than encourage, rising U.S. productivity and competitiveness.

Given the broader trend toward protectionism we see globally in the face of the current economic crisis, I can't help but wonder whether the EU's singling out of an American company for this sort of fine isn't protectionism by another name, with the fine replacing the more conventional means of protection, like tariffs, that the WTO now enjoins."

Review Article Be the first to review this article

Featured Video
Design Verification Engineer for intersil at Morrisville, North Carolina
Applications Engineer for intersil at Palm Bay, Florida
Principle Electronic Design Engr for Cypress Semiconductor at San Jose, California
Upcoming Events
NVIDIA’s GPU Technology Conference (GTC) at San Jose McEnery Convention Center 150 West San Carlos Street San Jose CA - Mar 26 - 29, 2018
ESC Conference Boston at boston MA - Apr 18 - 19, 2018
IEEE Women in Engineering International Leadership Conference at 150 W San Carlos St San Jose CA - May 21 - 22, 2018

Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise