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

Aldec

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
DVCon Europe 2017: Munich and So much more
More Editorial  
Jobs
Analog Hardware Engineer for Teradyne Inc at San Jose, CA
FPGA Engineer for Teradyne Inc at San Jose, CA
Senior R&D Engineer...Timing Closure Specialist for EDA Careers at San Jose or Anywhere, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
Senior Front-End RTL Design AE for EDA Careers at San Jose, CA
Field Application Engineer for Teradyne Inc at San Jose, CA
Upcoming Events
15th IEEE/ACM ESTIMedia 2017 at Seoul Korea (South) - Oct 19 - 20, 2017
11th International Symposium on Networks-on-Chip (NOCS 2017) at Seoul Korea (South) - Oct 19 - 20, 2017
ESTIMedia 2017 at Seoul Korea (South) - Oct 19 - 20, 2017
25th IFIP/IEEE International Conference on Very Large Scale Integration (VLSI-SoC 2017) at Yas Viceroy Abu Dhabi Yas Marina Circuit, Yas Island Abu Dhabi United Arab Emirates - Oct 23 - 25, 2017
CST: Webinar series



Internet Business Systems © 2017 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