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
Towards a New European Trade Strategy in Times of Geopolitical Upheaval: The German Perspective
As one of the most successful trading blocs, the EU sees itself confronted with the erosion of the global rules-based trading system and trade becoming increasingly weaponized.
The EU, the Indo-Pacific and the US-led IPEF: Which Way Forward?
The paper provides a European Union (EU) perspective on the Indo-Pacific Economic Framework (IPEF).
EU-Mercosur: An Unsolvable Trilemma Between Competition Rules, Normative Ambitions and Supply Chain Diversification
The EU-Mercosur trade deal was believed to be heading toward the finish. The election of Luiz Inácio Lula da Silva as the president of Brazil, as successor to the right-wing populist Jair Bolsonaro, and the Spanish presidency of the European Union (EU), raised hopes for its conclusion. But the reservations expressed by several EU member states and some Latin American countries have dashed hopes.
Fiscal Policy in France and Germany: Insurmountable Differences?
The state of public finances in France and Germany is often compared. Germany is considered a model of rigor, through its ability to contain its deficits and generate surpluses, particularly between 2012 and 2019, thanks to the introduction into its constitution of a debt brake mechanism.
Between Inertia and Openness. Germany Reforms Its Labor Immigration System
With its new Skilled Immigration Act (Fachkräfteeinwanderungsgesetz) of 23 June 2023, Germany aims to become the country with "the most modern immigration law in Europe". A new points system and new entry rules for experienced workers having a degree from their home country demonstrate the willingness of the German government to open up its labor market to third-country nationals. While immigration law was already the subject of a previous reform in 2020, the new law is a real paradigm shift in Germany’s migration policy.
A framework for a Win-Win Europe-Africa Energy and Climate Partnership
North-South tensions are exacerbated at a time of unprecedented turmoil for both Europeans and Africans. European polycrises (geopolitical, energy-related and economic) echo the systematic vulnerability of Africans, which is reinforced by external shocks.
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?
Is International Climate Finance Unfair and Inefficient?
Finance is arguably the most sensitive climate negotiation topic. Different studies have shown that rich countries emit the majority of greenhouse gas (GHG) emissions, while the climate footprint of the poorest countries is much more limited.
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?
Asia-Pacific mega trade deals (RCEP, CPTPP): Which role for the US, and what are the implications for the EU?
While it has long been reluctant to engage in institution-based regional economic integration, East Asia is now home to two mega trade deals: the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP).
France, China and the BRI: The challenge of conditional engagement
Moving away from its traditional low-profile attitude, China has gradually shifted to a muscular foreign policy in the wake of the 2008 global financial crisis and the resulting change in the global balance of power.
Europe, Power and Finance
Finance has become an essential attribute of power. Its importance has grown given the substantial investments needed for the energy and digital transitions as well as the need to support economies affected by the COVID-19 pandemic.
The regional economic order: Four scenarios
What will the economic order in the Indo-Pacific region look like twenty years from now? What are the major trends shaping it, and how are they likely to evolve in the near future?
Economy and Diplomacy: China’s two Challenges in the Post-Covid-19 World
Will China rise stronger from the pandemic? A flow of media reports and op-eds have recently flourished, forecasting the decline of the West and the triumph of China on the world stage amid the COVID-19 pandemic. Some have declared the dawn of a “post-Western world”.
South Korea’s Hydrogen Strategy and Industrial Perspectives
South Korea is a hydrogen (H2) frontrunner. The world’s first commercial fuel cell electric vehicle (FCEV) was launched by the South Korean car manufacturer Hyundai (Tucson i×35) in 2013.
POSCO Energy, South Korea’s largest private energy producer, completed the world’s largest fuel cell manufacturing plant in 2015. When President Moon took office in 2018, the new government identified H2 as a new growth engine, and pledged to turn the country into a H2 economy.
Saudi Arabia’s Policy in Africa : Vectors and Objectives
Until recently, Saudi Arabia was the country out of the Gulf countries that had the greatest number of diplomatic missions in Africa (27[1]).
What Is a Think Tank? A French Perspective
The French Institute of International Relations (Ifri) celebrated its 40th anniversary in the spring of 2019, in a completely different environment to when it was founded, which was dominated by the competition between the two “superpowers” of the time, the United States and the Soviet Union (USSR).
5G and the US-China Tech Rivalry – a Test for Europe’s Future in the Digital Age
How Can Europe Shift from Back Foot to Front Foot?
The European Union in Crisis: What Challenges Lie ahead and Why It Matters for Korea
The EU is currently undergoing serious challenges from inside such as Brexit and strengthening Euroscepticism, rising populism and changing political geography, anti-immigration moods as well as retarded economic recovery.
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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.
