Euroquestions n°75 : How China, Europe, Japan and the US Shape the world through Economic Security
PARTNERSHIP
PARTENAIRES
The EU’s June 2023 Economic Security Strategy is a pivotal step towards safeguarding its economic interests amid rising global tensions and restrictive trade practices. How does it compare with the strategies of other big actors in the world? An analyse of the economic security strategies of the EU, China, Japan, and the US allows to better understand the Union’s evolving approach, highlighting motivations, historical developments, institutional structures, and policy interventions. This shows that the Economic Security Strategy is a step in the right direction, but it is not enough. The lack of governance structures and shared risk assessments is an institutional flaw that hinders the development of long-term thinking that can more readily be found in Beijing and DC. How to establish a more dynamic, responsive and inclusive infrastructure involving both member states and the business sector? Should it become a priority for the next European Commission for the 2024-2029 term? We have the pleasure to welcome Elvire Fabry, senior researcher in Geopolitics of trade at the Jacques Delors Institute, to present the conclusions of the recent publication co-authored with Pascal Lamy, Nicolas Köhler-Suzuki and Marco Sibona: “Shields Up: How China, Europe, Japan and the United States Shape the World through Economic Security”
The EU’s June 2023 Economic Security Strategy is a pivotal step towards safeguarding its economic interests amid rising global tensions and restrictive trade practices. How does it compare with the strategies of other big actors in the world? An analyse of the economic security strategies of the EU, China, Japan, and the US allows to better understand the Union’s evolving approach, highlighting motivations, historical developments, institutional structures, and policy interventions. This shows that the Economic Security Strategy is a step in the right direction, but it is not enough. The lack of governance structures and shared risk assessments is an institutional flaw that hinders the development of long-term thinking that can more readily be found in Beijing and DC. How to establish a more dynamic, responsive and inclusive infrastructure involving both member states and the business sector? Should it become a priority for the next European Commission for the 2024-2029 term? We have the pleasure to welcome Elvire Fabry, senior researcher in Geopolitics of trade at the Jacques Delors Institute, to present the conclusions of the recent publication co-authored with Pascal Lamy, Nicolas Köhler-Suzuki and Marco Sibona: “Shields Up: How China, Europe, Japan and the United States Shape the World through Economic Security”