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 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.
UK/EU Relations after Brexit: Why Breaking Up Is Hard to Do
Despite the posturing, both the United Kingdom and the European Union are trying to reach a deal. However, London’s cliffedge strategy and Brussels’ control of the agenda and progress of the negotiations could result in an “any deal is better than no deal”.
Brexit: The Trouble of Breaking Up
On the brink of Brexit, what form will it take? British and European negotiators might prefer a bad deal to no deal, but would this avoid the significant disruption in trade with the European Union that no new trade deal could make up for?
Revolutionary by Design: The US National Security State and Commercialization in the US Space Sector
The US space sector, comprised of its government organizations and its commercial industry, is leading the revolution in space, often called "new space".
The US-China Trade War: What Is the Outcome after the Trump Presidency?
One of Donald Trump’s campaign promises in 2016 was to end China’s “cheating” on trade and to reduce America's trade deficit by imposing significant tariffs on U.S. imports of Chinese products. This study draws up a first assessment of his policy - and of the "trade war" which stemmed from it.
The Potential of Digital Technologies for Centralized Electricity Systems in Sub-Saharan Africa
Affordable and reliable electricity access is a prerequisite for the economic development of sub-Saharan Africa.
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.
Electric Cars: the Orient and the Occident
China is looking ahead and thinking electric. The Chinese government recently announced the release of $15 billion in a “Manhattan-style” venture to support electric vehicle (EV) research, standardization and development as part of its five-year plan and to meet its seemingly unattainable objective of introducing 500 000 “clean” vehicles per year by 2011.
Rare Earths and Clean Energy: Analyzing China's Upper Hand
An ominous resource crunch in the so-called “rare earth elements” is now threatening the development of a number of key industries from energy to defense to consumer electronics. As key components in the latest generation of technologies, including specialized magnets for windmills and hybrid cars, lasers for range finders and “smart” munitions, and phosphors for LCD screens, demand for these rare metals is expected to grow rapidly in the years to come.
An Analysis of North Korea's Principal Trade Relations
The Direction of Trade Statistics by IMF is the most representative statistical data for bilateral trade with North Korea. However, IMF statistics underestimate North Korea's international trade since they do not classify inter-Korean trade as international trade. Therefore, this study restructures statistics on North Korea by combining the IMF and inter-Korean trade data, and it analyzes the structure of North Korea's international trade. In addition, it conducts a unique analysis of trade structures, since other studies have not analyzed production processes in North Korean trade.
This analysis identifies six main characteristics of North Korea's trade:
Fiscal Deficit, Crowding Out, and the Sustainability of Economic Growth: The Case of the Indian Economy
This study examines the long-run relationship between the fiscal deficit, the crowding out of private capital formation and net exports for the Indian economy during the period from 1980-81 to 2008-09.
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.