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
IRA: Towards Clean Hydrogen Leadership in the U.S.
Although late in adopting clean hydrogen (H2) and defining a national strategy–a draft was presented by the Department of Energy (DOE) in September 2022–, the United States (US) has strongly reinforced its support to clean hydrogen with the passage of the Inflation Reduction Act (IRA) in August 2022.
Türkiye’s Stifled Ambitions
As its elections have unfolded this spring, Türkiye has again shown itself to be symptomatic of the times. Across the world, numerous political regimes oscillate between democratic forms of government and an authoritarian concentration of power; impressive periods of growth give way to inflation and recession; and international deregulation gives rise to widespread diplomacy in an effort to juggle a myriad of shifting political loyalties. Faced with the war in Ukraine, Ankara is playing a strong hand by enlarging its areas of presence and intervention. Türkiye is more important to its partners than ever, independent of its eventual domestic trajectory.
Western discourse predicted the advent of Chinese dominance in the very short term, but events have taken a rather different turn. The drivers that enabled the unprecedented growth of recent decades seem to have run out of steam. Moreover, the outcome of Beijing’s economic strategies is still uncertain, in a context shaped primarily by U.S. policies. China’s influence in the future will be considerable, but the direction its rebound will take remains unclear.
For Europeans, the events in Ukraine and the thorny issue of the Sino-American rivalry cannot paper over the other security problems we face: On what common vision of our history and future will we build the Europe of tomorrow? Has drug trafficking already changed the nature of our societies? Can we afford to turn away from instances of destabilization in Africa, from the Horn to the Sahel?
European and Japanese Soft Power Signal Renewed Influence of G7
The G7 summit in Hiroshima showcased a new international order in the making: in a world where security is indivisible, the priority should be to uphold a collectively shaped rules-based order and find a modus vivendi with China. The G7 can work toward this by taking into account the diverse perspectives of industrialized countries and the Global South, which prioritizes multi-alignment and autonomy. Japan and Europe played a critical role in this process.
Balancing Security and Innovation: Opposition's View on Turkey's Digital Policies
The upcoming presidential and parliamentary elections in Turkey on May 14, 2023, are expected to be closely contested. Polls suggest that the ruling AK Party-led People’s Alliance will lose its majority in parliament, resulting in a hung lower house.
Reshuffling Value Chains - South Korea as a Case Study
Despite all the talks about the reshuffling of value-chains and the trend to a form of industrial “Desinicization” (or decoupling/disengagement from China), the example of South Korea does not vindicate such assertions.
In the middle of the race, the Franco-German motor seems to be breaking down
Faced with the risk of losing investments in the technologies of the future, due to subsidies that its global competitors are pumping into their economies, the European Union is forced to rethink its industrial policy.
The United States and Europe risk entering into a subsidy war, each trying to support the competitiveness of their economies… their market economies… with public money. Meanwhile, member states expect from Brussels solutions that will allow them to remain relevant in a world where interventionism is the order of the day.
China/United States: Europe off Balance
As French President Emmanuel Macron (accompanied by Ursula von der Leyen) is on a state visit to China, some twenty Ifri researchers decipher the stakes of the U.S./China/Europe strategic triangle.
South Korea and IPEF: Rationale, Objectives and the Implications for Partners and Neighbors
As a key manufacturer of high-end technology components critical to the sustainability of the Fourth Industrial Revolution, South Korea is essential in any effort to rebuild a resilient global supply chain but also to the promotion of a clean economy. South Korea can thus contribute to two of the pillars of IPEF (Indo-Pacific Economic Framework), specially to pillars II and III (supply-chain resilience and a clean economy).
The Balkans: A New Great Game?
What political spaces make up the Old Continent? This question is at the heart of the Ukrainian conflict.
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.
Japan's Energy Policy in a Post-3/11 World: Juggling Safety, Sustainability and Economics
The March 2011 accident at the Fukushima Daiichi Nuclear Power Station turned Japan’s energy policy on its head, shedding a harsh new light on Japan’s energy policy and power supply system, and throwing into relief six major problem areas that had largely escaped scrutiny before the disaster.
Greenland and Iceland: Meeting Place of Global Powers in the Arctic
At the crossroads of American, European and Asian interests in the Arctic, Greenland and Iceland, the importance of which had for too long been underestimated, are set to play a central role in future regional developments. In order to exploit the potential of their growing economic ties with Asia, without becoming the Arctic “weak links”, Greenland and Iceland need to secure their economy on a long-term basis.
The Distinctive Features of China's Middle Classes
This study seeks to lay the foundations for a better understanding of the Chinese middle classes. It goes beyond the traditional classification by revenue and identifies the distinctive features of China’s middle classes by taking into account relevant historical events, current sociopolitical and economic contexts, and key expectations of the population.
Beyond the Arab awakening: Policies and Investments for Poverty Reduction and Food Security
This report aims to inform and stimulate the debate on key policy priorities for poverty reduction and food security in light of the Arab Awakening.
Youth Unemployment in Europe
On an initiative of the IP-Journal of the German Council of Foreign Relations (DGAP), the Study Committee for Franco-German Relations (Cerfa) of the French Institute of International Relations (IFRI) and the Polish Institute of International Affairs (PISM) are regularly publishing short contributions on a common subject, written by three experts of these institutes. The purpose of these “Weimar Triangle Analyses” is to give the French, Polish and German views on central questions of European politics and European integration.
A Transatlantic Free Trade Agreement? Weimar Triangle Analyses: French, Polish and German viewpoints on European questions
On an initiative of the German Council of Foreign Relations (DGAP), the Study Committee for Franco-German Relations (Cerfa) of the French Institute of International Relations (IFRI) and the Polish Institute of International Affairs (PISM) are regularly publishing short contributions on a common subject, written by three experts of these institutes. The purpose of these “Weimar Triangle Analyses” is to give the French, Polish, and German views on central questions of European politics and European integration.
Trading Freely with East Asia: Challenges and Opportunities for EU FTAs in the Region
As the fastest growing region in the world, East Asia is an important partner for the European Union, particularly at a time of economic difficulty. Asian countries have weathered the recent financial and economic crisis much better than Europe and much better than initially anticipated, with China and several members of the Association of Southeast Asian Nations (ASEAN) recording relatively impressive growth rates. As a result, self-confidence has been growing in Asia while European economies feel increasingly challenged.
Kazakhstan and Eurasian Economic Integration: Quick Start, Mixed Results and Uncertain Future
Kazakhstan's economic integration with Russia and Belarus has been advancing at break-neck speed.
Negotiating for a Malaysia-EU FTA: Contesting Interests from Malaysia's Perspective
Malaysia has shifted its focus from multilateral and regional to bilateral trade agreements due to the current doldrums in the Doha Round and the bandwagon effect from similar shifts in other countries.
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.
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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
Economic questions are approached from a political economy perspective: the evolution of the global economic system, governance and institutions, dynamics and trends of various economic zones (United States, Russia, China, emerging markets...). European issues are at the core of our research.