The European Economic Security Strategy: Zeitenwende in the EU’s Trade and Investment Policy?
Owing to its nature as an economic bloc, the EU has always been a classic free trader. However, Trump’s trade war against its closest ally, China’s increasing willingness to coerce other countries economically and Russia’s ongoing war of aggression against Ukraine have shaken EU confidence to its core. Against this backdrop, the quest for an EU-wide economic security approach finds itself high on the agenda.
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Cluster Risk, Digitisation and Geopolitics: Why The EU Needs a Strategic Trade Policy
The early 1980s saw the development of the theory of strategic trade policy, which attempted to answer the question of how a country might increase its own prosperity through trade policy measures in the case of market imperfections, especially in oligopolistic markets. Today we see new market imperfections that justify the use of trade and economic policy instruments. Against this backdrop, we set out five reasons why the EU should revamp the way it trades with the world.
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