Economy
The economy is an essential attribute of power and a major component of international relations. While geopolitical tensions are on the rise, economic interdependence remains strong.
Related Subjects
The German Government's Support Plan for Households and Businesses: How to Compensate for the Double Energy and Economic Shock?
In response to Russia's illegal attack on Ukraine, EU member states have issued a series of economic sanctions against Russia. This also includes moratoria on certain products, e.g., in the energy sector.
The Eurozone’s Vulnerabilities and Risks
The war in Ukraine has brought to light the European Union’s vulnerabilities.
Europe-US resolve on China proves short-lived ahead of key meetings in Beijing and Washington
European Green Deal, Three Years Later
The European Green Deal (EGD) is the single most defining policy initiative of the Von der Leyen Commission. Since its publication in December 2019, it has become the European Union’s (EU) new raison d’être.
Whither China After 10 Years of Economic Policies Guided by Xi?
As the 20th national congress of the Chinese Communist Party (CCP) draws closer, this is an opportune moment to appraise China’s economic achievements over the past decade under President Xi Jinping’s guidance and to identify the challenges the country will have to address during the next five years.
The European Union Industrial Strategy: Reconciling Competition and Geoeconomic Challenges
The EU’s basic assumptions, on which it grounds its economic and trade power, are being steadily cast into doubt. The EU’s main trade partners, the US and China, increasingly set their sights on securing their supply chains, which may further a potential decoupling.
New Paradigm for Electrification in Sub-Saharan Africa: How Are Decentralized Hybrid Systems Changing the Game?
After several decades of reforms, the situation in centralized power sectors has hardly changed. The sub-Saharan power sector remains underdeveloped, and power sectors are experiencing significant financial difficulties that have been further exacerbated first by the effects of the pandemic and then the war in Ukraine.
The German Industrial Power in Danger: The Double Shock of Energy Transition and Geopolitical Risk
The German manufacturing industry at the heart of the German economic activity has been confronted in the past years with conjunctural shocks, which question its existence on the German territory: the energy transition which hinders it in the short term to resort to fossile energy from Germany and nuclear energy; a questioning of fossile energy imports from Russia which keeps production sites of fossile energy and nuclear energy in Germany; the currently small capacity of renewable energy to satisfy the important energy needs of the manufacturing industry and the putting into place of alternatives to the importation of energy resources.
Fishing for Chips: Assessing the EU Chips Act
China, the United States, and the European Union (EU) are currently developing strategies for semiconductors aimed at financing R&D and the installation of new factories on their territories, in particular through subsidies. The EU Chips Act, announced in February 2022, represents a real break in Europe's industrial policy.
Five Years after China’s Plastic Import Ban: Have Europeans Taken Responsibility?
After the 2017 Chinese waste import ban, the international and European Union (EU) legislative framework on waste exports has been revised.
Challenges and Opportunities of a EU-Taiwan ECA: A Review of Political-Economic Perspectives
Concerns over becoming marginalized in the course of East Asian economic integration are driving a proactive regional trade agreement (RTA) strategy on the part of Taiwan. Three factors explain this concern: Competing visions of economic integration in the region from both the United States and China, the success of Korea in concluding a large number of important RTAs, and the increasing number of overlapping agreements that crowd out countries and economies such as Taiwan that do not have proactive RTA strategies.
A EU-Japan Free Trade Agreement: Toward More Solid Economic Relations
Globalization of Japanese firms: Long-run Trends, Cross-sectional Variations, and Policy Implications
Japanese firms are increasingly involved in various global business operations - not only in traditional international trade in goods, but also in offshore production and the new mode of globalization: offshore outsourcing.
Is Africa's Recent Economic Growth Sustainable?
Hardly a week goes by without an African investors’ conference or growth summit.
Ukraine at the Crossroads: Between the EU DCFTA and Customs Union
After serious decline in the 1990s, Ukraine's economy finally started its recovery and systemic reform in early 2000. While the economy rapidly grew by 2008, its transformation remained unfinished. Ukraine has three possible roads to development.
Rare Earths and the WTO: Tougher case than it looks
Deepening their partnership, Ifri and the Canon Institute for Global Studies (CIGS) are launching a series of op-eds, written both by Ifri and CIGS experts. This new series aims at providing the European and Asian public with original and different visions on the rapidly evolving international affairs.
The Economic Opportunities and Constraints of Green Growth: The Case of South Korea
Doors Wide Shut? An Update on FDI Regulations in China
The fears of a rise in economic nationalism in China have been fueled by a number of recent moves, such as changes in the law on indigenous innovation or the enactment of a national security review (NSR) regulation for M&As by foreign enterprises. The objective of the current paper is twofold: First is to provide an update on the investment environment in China in order to determine whether or not these provisions reflect a move in the direction of more protectionism, and second is to suggest ways for European countries to level the playing field for their firms wishing to invest in China.
The European Power System - Decarbonization and Cost Reduction: Lost in Transmissions?
Europe’s energy policy is commonly defined by three axes of equal importance: security of supplies, competitiveness and sustainable development. The European Commission is mandated to develop the policy tools that allow the implementation of this common policy. Early on, challenges arose from the trade-offs to be made not only between these three pillars but also between a common European policy and national approaches. The European Commission has always had to struggle in attempting to keep a balanced line.
Is Turkey an Economic Exception?
This roundtable dealt with the specificities of Turkey"s economy, which is completing major economic achievements in particularly difficult times. François Faure analyzed the risks of an economic backlash following the European crisis; Turkey appears indeed in a weaker position than in 2008 and difficult times could lie ahead. Esen Çağlar pointed out how Turkey progressed from a low-technology to medium-technology economy, thus ensuring considerable levels of growth. Yet, a renewed reform agenda is needed if Turkey wants to maintain its economic performance. Deniz Ünal addressed the issue of economic governance under the AKP and the consistency of their economic policy agenda. In any case, Europe will most certainly play a role in the country"s economic future. According to Rémi Bourgeot, the Middle East cannot provide an alternative to European markets even if it offers interesting opportunities for the Turkish South East. Turkey"s future growth will also depend on its capacity to impose itself as a corridor between Europe and its neighbours energy resources.
Support independent French research
Ifri, a foundation recognized as being of public utility, relies largely on private donors – companies and individuals – to guarantee its sustainability and intellectual independence. Through their funding, donors help maintain the Institute's position among the world's leading think tanks. By benefiting from an internationally recognized network and expertise, donors refine their understanding of geopolitical risk and its consequences on global politics and the economy. In 2024, Ifri will support more than 70 French and foreign companies and organizations.
Related centers and programs
Geoeconomics and Geofinance Initiative
To analyze the impact of power rivalries and tensions on globalization, this initiative combines economic and political expertise. In the face of growing geopolitical risk, the goal is to decipher the dynamics of reconfiguration: protectionist pressures, sanctions, restrictions, industrial policies, and economic security concerns are redefining the rules of international trade. These tensions are also transforming international financial relations by undermining the foundations of trust and reshaping the global monetary system. They raise questions about the role of several key players: sovereign wealth funds, central banks, digital platforms, multilateral institutions, and financial infrastructure operators. In a context of profound disruption, simply refining existing approaches is no longer sufficient. The initiative is designed as a flexible model, drawing on diverse expertise to offer both broad overviews and targeted analyses. It also provides a platform for stakeholders and experts from various backgrounds to debate these issues freely.