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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Populism and International Relations
Populism is flourishing, in Europe and elsewhere: a populist holds power today in Argentina and perhaps tomorrow in the United States. What does its spread say about our societies? And how is it shaping them, where populists rule? Do their economic policies stand any chance of success? Do their foreign policies have a greater impact on the world around them or at home? If “Trump 2.0” comes to be, will he have a free hand? If so, what can we expect?
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.
Power and Financial Interdependence
The link between financial self-reliance and geopolitical power has long been debated. The unbalanced Sino-American trade relationship has created asymmetric financial ties which generate potential sources of leverage for both parties and will not quickly disappear. Absent a clarifying major crisis, it will be difficult to definitively determine which party has greater leverage.
German Ports and China: How to Reconcile Openness, Resilience and Security?
Germany is dependent on its ports for the smooth running of its open economic model and has benefited from globalization in recent decades when the internationalization of its value chains strengthened its competitiveness. Yet, with today’s hardening geopolitics, the vulnerabilities of Europe’s leading economic power are becoming apparent.
EU-China relations: De-risking or de-coupling − the future of the EU strategy towards China
As the European Union (EU) prepares for a new round of parliamentary elections, how should the bloc consider its strategy towards China?
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.
A Splintered Internet? Internet Fragmentation and the Strategies of China, Russia, India and the European Union
From the Covid-19 pandemic to the ramifications of Russia’s full-scale invasion of Ukraine, international events are fueling fears of an accelerated fragmentation of the global Internet.
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.
Climate, Finance, and Geopolitics: Human Self-delusions and the Challenges for Europe
The combination of geopolitical tensions, climate disruption, and the growing role of finance in the economy is taking us into uncharted territory. Until recently, each of these subjects was handled separately, but they are now inextricably linked by two shared characteristics: the gravity of the threat, and the fact that they all lay bare the scale of human self-delusions.
The South versus the West?
In 2023, forums that amplify the voice of the “Global South” have proliferated and grown louder. As contradictory and divided as they may be, these forums (BRICS+, Shanghai Cooperation Organization (SCO), G20, the Group of 77, the European Silk Road Summit…) attest to the emergence of new power relations, and especially new directions in foreign policy, with states rejecting alignment with the dominant powers of the past in favor of putting their own interests first. A new world is taking shape, with changeable, still uncertain, contours.
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.
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).
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.
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.
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.