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.
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Green Batteries: a Competitive Advantage for Europe’s Electric Vehicle Value Chain?
Aligning its climate and industrial policies, the European Union (UE) is introducing sustainability requirements for the whole life-cycle of electric vehicle (EV) batteries. This initiative would not only ensure that EVs fit with Europe’s climate-neutrality and resource-efficiency pledges, but also give European new entrants a better chance to compete.
Europe in the Geopolitics of Technology: Connecting the Internal and External Dimensions
To respond to growing global competition, the EU has made notable progress on the internal dimension of technology policy over the past 3 years. It is now also seeking to adapt its foreign policy – from the transatlantic relationship to global partnerships – to technological challenges.
Consequences of the coal phase-out on the electricity production in Germany: a best practice model for Europe?
2020 marked the beginning of the total phasing out of electricity production based on coal, as well as coal extraction in Germany. Laws implemented in 2020 concluded a governmental process started in 2015, which itself resulted from a prior broader debate on the role of coal in a viable and sustainable energy and economic system.
The Automotive Industry: The Achilles’ Heel of German Economy?
The global car market has been shrinking since 2018. This is a key economic sector for Germany whose producers belong to the Top 15 carmakers worldwide. Yet they are running the risk of being outclassed and eventually replaced, given emerging actors in the USA and China.
Baden-Württemberg under Green Leadership – Balance Sheet of Two Government Periods under Winfried Kretschmann
Baden-Württemberg's economic and social structure offered good starting conditions for center-right parties from the beginning, which the Christian Democratic Union of Germany (CDU) initially knew how to use for itself. From 1953 to 2011 the Prime Minister belonged to the CDU. In 2011 the Greens and the Social Democratic Party of Germany (SPD) won an election over the CDU for the first time. Winfried Kretschmann was elected the first Green Prime Minister in a German state.
The Economic Pillar of Korea’s New Southern Policy: Building on Existing Assets
Diversification is a key tenet of South Korea’s New Southern Policy (NSP). In the economic sphere, however, the need for diversification is apparently less pressing as, unlike what is observed in the diplomatic and security domains, Korea’s economic partnerships are less unbalanced and are not (or not as clearly) polarized on the big Four (China, Japan, the United States, and Russia).
Guerres invisibles - Nos prochains défis géopolitiques
What are the next geopolitical challenges of the century? The global pandemic has altered the equilibrium between Asia and the West and sealed the rift between China and the United States, accentuating the world’s shift towards the East. On this polarized chessboard, two fault lines converge: environmental degradation and technological propagation where the main strategic and economic rivalries are now being played out.
Japan’s Economic Diplomacy in Africa: Between Strategic Priorities and Local Realities
During his term in office (2012-2020), Prime Minister Shinzo Abe sought to demonstrate Japan's high level of interest in Africa, including by pledging a total of $ 60 billion in financial support at the 2013 and 2016 Tokyo International Conference on African Development (TICAD) summits and announcing his vision for a “Free and Open Indo-Pacific” (FOIP) at the TICAD-VI in Nairobi.
Improving Economic Security: Proposals from Japan
The COVID-19 crisis has made clear the importance of resilient supply chains and effective economic security.
Space as a Key Element of Europe's Digital Sovereignty
At the end of year 2020, the European space sector finds itself at a crossroads between challenges and opportunities. While the 2019 European Space Agency (ESA) Ministerial Conference marked a progression in terms of budgets, a sign of renewed space ambitions, the technological and financial acceleration from the United States represents a disruptive scenario that poses threats to the continuity of European space capabilities.
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.
Innovation Policy Challenges for Japan: An Open and Global Strategy
Productivity is increasingly important in the Japanese economy as an aging and shrinking population is expected to constrain labor input. Thus, the creation of innovation is critical for realizing economic growth and maintaining Japan's international competitiveness. Specifically, emerging countries such as China and South Korea are quickly catching up on Japan's level of technological prowess in electronics and other high-tech industries. For that reason, continual investment in R&D and provision of products and services that are competitive in the global market are crucial for Japan's international competitiveness.
East Asian Regional Economic Integration: A Post-Crisis Update
To the surprise of many analysts, the outbreak of the global financial crisis (GFC) in 2008 did not leave East Asian economies unscathed. The objective of the paper is to examine the implications of the GFC for the regional economic integration process in East Asia, taking into account both the de facto and the de jure dimensions.
Toward Higher Household Consumption? An Up-to-Date Analysis of China's Economic Transition
For more than two decades, China's economy has been growing at an average rate of close to 10 percent. As a result of this stellar performance, China ascended to the rank of the world's second largest economy in 2010, surpassing Japan.
The Evolving Role of Southeast Asia in Global FDI Flows
This paper traces the evolution of FDI in ASEAN and discusses future prospects for the region as a host - and increasingly home - to FDI.
No Longer the 'Reactive State': Japan's Pro-Active Free Trade Posture
In late 2010, the Kan government proclaimed a very ambitious trade agenda, leaving no doubt as to its commitment to free trade. The Basic Policy on Comprehensive Economic Partnerships aimed to promote "high-level economic partnerships with major trading powers" and to "open up the country", including collecting information on the Trans-Pacific Partnership (TPP) and consulting with the parties to it.
Decoupling the Oil and Gas Prices: Natural Gas Pricing in the Post-Financial Crisis Market
This paper looks into natural gas pricing in the post-financial crisis market and, in particular, examines the question whether the oil-linked gas pricing system has outlived its utility as global gas markets mature and converge more rapidly than expected and as large new resources of unconventional gas shift the gas terms-of-trade.
The G20 and the Challenge of International Financial Re-regulation
The crisis, it is now widely accepted, means that markets failed. Meeting for the first time in Washington in November 2008, the G20 embarked in a ride of re-regulation. Months of negotiations later, it dramatically appears different to agree on principles and broad objectives, and to write and enforce rules and commitments.
Will We Drive Electric on Asian Batteries?
The development of the electric car market, supported by public funding, needs to be monitored closely. Currently, except for Renault benefiting from its electric partnership with Nissan, batteries for electric vehicles will most likely be outsourced. A lot of joint ventures are being signed with Asian battery companies and automotive suppliers. As a consequence, some argue that there is no rational to develop further and fund the European battery industry: batteries are already made more cheaply elsewhere.
European Defence Economy Afflicted by the Crisis
The European defence sector generates €86 billion annually - and that is only taking into account the 2009 turnover of the European defence industry for the three areas - aeronautics, land forces and naval forces.
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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 2025, Ifri supports more than 80 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.