12min chapter

The Sound of Economics cover image

Managing the What Ifs: Europe, China and world trade

The Sound of Economics

CHAPTER

Strategic Autonomy and Economic Security

This chapter explores the importance of economic security for strategic autonomy, emphasizing the need to protect against external economic malfeasance and shocks. It discusses the delicate balance between competitiveness and security concerns in decision-making, stressing the value of viewing economic security as insurance against potential risks. The chapter also delves into the challenges of trade dependency, specialization in trade, and the necessity of understanding supply chain vulnerabilities to optimize risk management.

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