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I don't know what you mean by "centralized economy" but centralized markets have their (huge) benefits. Think about how much easier it is to launch a service wi
by mtgx 8y ago
I don't know what you mean by "centralized economy" but centralized markets have their (huge) benefits. Think about how much easier it is to launch a service within all the United States of America at once compared to launching it in all of the countries in the European Union. The language barrier is a huge obstacle, no doubt, but it's far from the only one.
Another way to look at "centralization" is from the point of view of "standardization" for markets and platforms, and that has huge benefits for startups and big companies alike.
- Kurtz79 8y agoYes. A small example from my very small world (railway). Materials to be used on rolling stock (trains) must comply with Fire/Smoke/Toxicity standards. A few years ago these standards were only at national level, there is a French standard, a German one, etc... It was hell to demonstrate that your German-made widget could be used in a train meant to operate in UK. In the last few years this has been harmonized in a EU-level standard, which makes much simpler and cheaper for manufacturers to market their products across the Union and for customers to integrate them in their systems.
- Mirioron 8y agoWell, I'm looking at it, and considering how the EU basically has almost no major tech companies, I would say that the EU is not really serving its purpose. Even right now different parts of the EU are region locked into different services. Eg sometimes the Baltic states are clumped in with CIS. Add on the many additional regulations and the EU seems to be a worse place to launch a service than in most developed places in the world.