Former Italian prime minister Mario Draghi has called on the European Union to develop a “new industrial strategy” to revive the bloc’s flagging competitiveness to achieve economic growth. Draghi described the EU as being “stuck in a static industrial structure” compared to United States and China, and called for more investments in research and innovation, clean energy technologies, and faster regulatory decision-making. To achieve new economic growth, the EU needs investment worth €750-800 billion ($829-850 billion) annually, Draghi said, the equivalent of 4.4-4.7% of the EU’s gross domestic…