EU economic governance in the new geopolitical scenario: a policy agenda

In just a few years, the world has changed profoundly; and the process of change is still ongoing especially with regard to the European Union (EU). The pandemic, the acceleration of the climate crisis, the Russian invasion of Ukraine, the threats of nuclear escalation, the energy crisis, the marginalisation of the distinctive rules and institutions of multilateralism, the looming clash of political-economic-military blocs, the associated sharpening of technological competition, and the entering of geopolitical interests on the logic of the market, other economic institutions, and economic policy represent a set of factors that force the EU to radically rethink its institutions, rules and strategies.

In this paper, we will dwell only on issues related to the evolution of the EU’s economic governance and the necessary change in its goods and services production model, although we are aware of the growing interconnections between economic and geopolitical variables.