The EU’s geo-economic revolution

Photo by Christian Lue on Unsplash

Jonathan Hackenbroich
European Council of Foreign Relations, 2022
Level: beginner
Perspectives: Institutionalist Economics, Other
Topic: Globalization & International Economic Relations, Money & Debt, North-South Relations & Development
Format: Blog & Press
Link: https://ecfr.eu/article/the-eus-geo-economic-revolution/

The article by the European Council of Foreign Relations argues that Europe's economic actions in response to the Russian invasion into Urkaine have been decisive, different from the EU's external image, but that this response should yet be better institutionalized. The author Hackenbroich proposes an Anti-Coercion Instrument on the EU level which could serve as means of deterrence, also vis-á-vis other power blocks.

Comment from our editors:

The ECFR is one of several institutes which have been dealing with and also promoting ideas of geo-economic strategies for the EU. Faced with increased Chinese direct investments and the deterioriating relationship to the US under Trump, they argued that next to more classical security policies, economic measures, including i.a. strengthening the Euro as a currency and investment controls, should be taken into consideration.

Go to: The EU’s geo-economic revolution

Tags: Emerging economies | finance | geopolitics | trade | war in Ukraine
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