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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2024 Election: What's Next for U.S. International Economic Policy?
An interview with Emily Blanchard, Tuck School of Business at Dartmouth College and CEPR.
How does she see the prospects for U.S. international economic policy, depending on who wins the election in November 2024?
Global Financial Shifts: The Impact of Dollar Sanctions and Frozen Russian Assets
An interview with Brad Setser, Whitney Shepardson Senior Fellow (Council on Foreign Relations) led at Ifri on September 24, 2024.
Dollar-based financial sanctions have been increasing, particularly since the beginning of the century. Is this phenomenon likely to significantly alter the international role of the dollar?
There is a lot of controversy about the in which way frozen assets from Russia’s central bank should be treated, regarding both the assets themselves and the associated revenues. What consequences do you foresee for the international financial system?
Europe faces up to China's EV dominance as carbon-zero targets loom
As Xi travels through EU this week, automakers weigh whether to fight or team up with cheaper Chinese rivals.
Without a Pact with Mercosur, the EU risks leaving China free in South America
The agreement EU-Mercosur It has been a banner of the recent protest by French farmers, who denounced unfair competition on the part of South Americans. However, if Paris closes the door to this pact, the way will be left clear to China, warn politicians and analysts consulted by EFE.
Iran’s allies are attacking the West. What happens next?
From Jordan to Lebanon to the Red Sea, attacks on U.S. and European interests are increasing.Tensions are rising in the Middle East after Washington vowed to respond to the drone attack that killed three American soldiers on the 28th of January, sponsored by Iranian-backed militants.
Energy sector: outlook and opportunities
The recent energy crisis has highlighted our economies' dependence on energy resources. With fossil fuels becoming less available, and a necessary transition to more decarbonised alternatives, could tomorrow's energy not become more expensive and less certain in availability?
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.
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.
Japan's upgraded economic security strategy
An interview with Kazuto SUZUKI, Professor, Graduate School of Public Policy, University of Tokyo.
Thirty-five years after the fall of the Berlin Wall: what’s new in the East?
As we celebrate the 35th anniversary of the fall of the Berlin Wall on November 9, 2024, let’s start from the premise that the Berlin Wall did not “fall” on the night of November 9, 1989.
Multi-alignment and De-risking: The Global South Response to World Fragmentation
Turbulences and conflicts threaten the stability of the global order. What is the Global South’s response to these risks?
Kamala Harris's Economic Program
Since receiving the Democratic nomination in the wake of President Joe Biden’s decision to step aside in the 2024 American presidential race, Vice-President Kamala Harris has been striving to define her own policy platform to attract voters in the limited time remaining before the November 5th election. Since the economy is a central issue for American voters, Harris developed several propositions in that area.
Gulf States: A Paradoxical Economic Lifeline for Sudan
For decades, Gulf states have provided crucial financial assistance to Sudan. Gulf interest in Sudan is driven by economic benefits and geopolitical competition, though each country has its own interests and approach.
National Perspectives on Europe's De-risking from China
The concept of “de-risking” has become a significant focus for the European Union (EU) in managing its relations with China since first proposed by European Commission President Ursula von der Leyen in March 2023. However, the interpretation and policy responses to de-risking vary across Europe, reflecting diverse national perspectives.
European Union–Republic of Korea Cooperation on Economic Security: Opportunities, Limits and Challenges
This piece is a revised version of a paper presented at the conference on “New Convergences in EU-ROK Economic Security Relations”, organised in Rome on 30 January 2024 by the Istituto Affari Internazionali (IAI).
Macron’s China Policy: Dropping Illusions and Bringing Back Realpolitik
One may regret that France has not upgraded its China policy sooner, but it seems that the French president is now clear-eyed that it is not enough to only have a good relationship with Beijing, it is also necessary to reinstate the balance of power.
Why Chinese Fintechs Have Failed to Reshuffle International Finance
New Chinese financial technologies, including unparalleled electronic payment systems, have so far failed to threaten U.S. financial dominance.
China, technical standardization, and the future of globalization
As the global economy sits at a crossroad between connectivity-driven globalization and strategic decoupling, technical standardization provides a valuable measure of where we are headed.
Impossible Decoupling, Improbable Cooperation: Economic Interdependencies in the Face of Power Rivalries
Export restrictions, economic and financial sanctions, politicization of monetary and financial choices, screening of inward and outward foreign direct investments, exceptional customs duties, and state interventions in sectors deemed strategic: the political vise is tightening around international economic and financial relations.
Europe faces up to China's EV dominance as carbon-zero targets loom
As Xi travels through EU this week, automakers weigh whether to fight or team up with cheaper Chinese rivals.
Without a Pact with Mercosur, the EU risks leaving China free in South America
The agreement EU-Mercosur It has been a banner of the recent protest by French farmers, who denounced unfair competition on the part of South Americans. However, if Paris closes the door to this pact, the way will be left clear to China, warn politicians and analysts consulted by EFE.
Iran’s allies are attacking the West. What happens next?
From Jordan to Lebanon to the Red Sea, attacks on U.S. and European interests are increasing.Tensions are rising in the Middle East after Washington vowed to respond to the drone attack that killed three American soldiers on the 28th of January, sponsored by Iranian-backed militants.
Energy sector: outlook and opportunities
The recent energy crisis has highlighted our economies' dependence on energy resources. With fossil fuels becoming less available, and a necessary transition to more decarbonised alternatives, could tomorrow's energy not become more expensive and less certain in availability?
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.
World’s Rich Nations Jostle to Lead Globalization Clubhouse
The race to fill a role at the heart of world economic policy making is turning into a new battleground for the future of globalization.
Cyprus, to be remade, must resolve some issues
Cyprus is set to be ‘remade’ in the coming years through €1 billion in grants from the European Recovery Plan, as we’ve reported here, but there are a few issues to be resolved along the way, according to EU policy experts and economists.
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Can Huawei Face EU Fines Like Google and Apple?
The European Union’s chief antitrust official, Margrethe Vestager, has made her name tackling big corporate fish in pretty unconventional ways. A ruling on Alphabet Inc.’s Google, which came with a seven-figure fine, argued free services weren’t always good for the consumer, while those on Apple Inc. and Starbucks Corp. deemed that low taxes were illegal state aid (though some judges begged to differ).
Why Are Japan and South Korea in a Trade Fight?
Officially, Japan has “national security” concerns about technology exports to South Korea. Unofficially, World War II still casts an ugly shadow.
Rare earths: Beijing threatens a new front in the trade war
China believes its near-monopoly gives it leverage over the US but supply cuts would spur rival producers.
2024 Election: What's Next for U.S. International Economic Policy?
An interview with Emily Blanchard, Tuck School of Business at Dartmouth College and CEPR.
How does she see the prospects for U.S. international economic policy, depending on who wins the election in November 2024?
Global Financial Shifts: The Impact of Dollar Sanctions and Frozen Russian Assets
An interview with Brad Setser, Whitney Shepardson Senior Fellow (Council on Foreign Relations) led at Ifri on September 24, 2024.
Dollar-based financial sanctions have been increasing, particularly since the beginning of the century. Is this phenomenon likely to significantly alter the international role of the dollar?
There is a lot of controversy about the in which way frozen assets from Russia’s central bank should be treated, regarding both the assets themselves and the associated revenues. What consequences do you foresee for the international financial system?
Japan's upgraded economic security strategy
An interview with Kazuto SUZUKI, Professor, Graduate School of Public Policy, University of Tokyo.
The CPTPP and UK’s accession: What global implications?
The UK is the first State which formally applied to join the CPTPP. Its bid was accepted in early June 2021.
What are the impact of the COVID-19 crisis on Japan's economic security?
In this interview, Shin Oya, Senior Consulting Fellow, Asia Pacific Initiative and Chief Representative for Strategic Research, JBIC looks at COVID-19's impact on economic security in Japan.
Rethinking Economic Security in the (Post) COVID-19 World
The COVID-19 crisis has highlighted the risks of an excessive dependence on one single economic partner and has prompted a rethinking of what economic security really entails.
What is Korea getting at through its New Southern Policy ?
In this interview, Wongi Choe, head of Center for ASEAN–India Studies at the Korea National Diplomatic Academy (KNDA) looks at the rationale for and the content of Korea's New Southern Policy.
Technology and Economics: Techno-nationalism VS Techno-globalism in East Asia
Trade, Investments, Technology, Climate Change, Human Rights: How should the EU Deal with China?
Ifri, the Austro-French Centre for Rapprochement in Europe and Konrad Adenauer Foundation Multilateral Dialogue organized a videoconference called "Trade, Investments, Technology, Climate Change, Human Rights: How should the EU Deal with China? " on October 27, 2020.
The Changing Political Agenda and Role of Think Tanks in the Next Decade. Video
A debate in the framework of the 12th regional conference of Council of Councils (CoC) in Paris between Thierry de Montbrial, Executive Chairman of Ifri and Richard N. Haass, President of Council on Foreign Relations (CFR). Moderator: Sophie Pedder, Paris Bureau Chief, The Economist.
Karlyn BOWMAN - Trump: One Year After The Election
3 questions to Karlyn BOWMAN, Senior Fellow, American Entreprise Institute
Michala MARCUSSEN - Trump: One Year After The Election
Is the American economy doing well? Will the Tax Reform change this? How could the bond markets evolve in 2018?
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.
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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.