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 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.
Korea-EU Direct Investment Links: The Neglected Facet of a Tight Partnership
Despite their difference in size, Korea and the EU have developed over time a strong and deep relation through direct investment flows. Germany dominates the relationship, but there remains ample room for the other EU member-states to further develop their relations with Korea.
The Biden administration in turmoil (video replay)
Celebrating its 20th edition, Ifri's Annual Conference on the United States convened a first panel on national politics and a second on the evolution of U.S. trade. An exchange between Thierry de Montbrial and Henry Kissinger, 56th Secretary of State, concluded the day. Videos of all interventions are below.
Strengthening Sovereignty in the Era of Global Value Chains
How to reduce the vulnerabilities induced by these global value chains to be more independent, while taking into account the reality of these productive processes which precisely generate interdependencies?
European Economic Governance: Past Errors and Future Promises
The eurozone crisis marked a real failure of European Union (EU) policy, which led to mediocre economic performance and the erosion of its political legitimacy among the populations of member states.
Trade
Françoise Nicolas contributed the chapter on trade, providing more insights into the opportunities and challenges South Korea and the EU need to address to revive the rules-based multilateral trading system.
China's Rising Trade Activism in ASEAN: Implications for the EU
As the world’s center of gravity has shifted to Asia, the European Union must also be present in the region. In particular, it must develop its relations with Asian countries that have long been neglected to the sole benefit of China -- namely India, but above all the countries of Southeast Asia, where China has invested heavily and will continue to gain influence.
Uranium in Namibia: Yellowcake Fever
Mineral revenues are the driving force behind Namibia’s economic performance. Namibia is rich in mineral resources which include uranium, diamond, copper, gold, lead, lithium and zinc. However, these mineral riches are not always allocated and utilized in a transparent manner and seem to benefit disproportionately a small number of wealthy elites, many of them affiliated with the ruling party SWAPO.
’Delenda est Cotonou ?’ The European Union and the ACP States: A Partnership without Partners
Although it has largely gone unnoticed in France, the agreement signed on December 3, 2020 between the European Union (EU) and the Organisation of African, Caribbean and Pacific States (ACP) is a major shift in the long-standing relations between the EU and countries in the Global South.
Towards a more China-centred global economy? Implications for Chinese power in the age of hybrid threats
An era of hyper globalization is giving way to an age of geoeconomics wherein China seeks a decisive seat at the table.
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.
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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.
Related centers and programs
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.