The Reindustrialisation of Europe. Reshoring manufacturing - a potential driver of the future welfare.

Abstract: Reshoring is a novel phenomenon and not much research can be found about it. That is why any insight about this phenomenon is an asset. A gap is filled through providing a deeper understanding of the phenomenon of reshoring in European Union. It is also going to be analysed if the EC’s current policies on fulfilling the goals of reindustrialization are also effective on increasing reshoring activities. This will be done through a framework that is based on what the companies see attractive about a location. Neo-classical location theory is consulted in this process, but most of the framework consists of factors that will be extracted from the previous research, which mostly concentrates on this phenomenon in the United States. Reshoring was found to be a relevant and beneficial phenomenon due to different reasons, which vary from economical to value based outcomes. The Commissions policies were found to be surprisingly effective on enhancing the locational pull factors. It was found that activating reshoring does not need a special approach, despite the role model US has set out regards to reshoring. Nevertheless some policy recommendations were laid out, while a gap in the approach to future comparative advantage was found.