The Sound of Economics
Managing the What Ifs: Europe, China and world trade
May 15, 2024
Bruegel Director Jeromin Zettelmeyer and CEPR President Beatrice Weder di Mauro discuss Europe's need for economic security amidst global uncertainties. They explore de-risking imports, combating economic coercion from China, and building resilience against potential shocks. The podcast highlights the delicate balance between competitiveness and security concerns in decision-making.
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Quick takeaways
- Europe must enhance resilience in supply chains to mitigate economic disruptions effectively.
- Balancing competitiveness and security involves strategic planning to address trade-offs in trade specialization.
Deep dives
The Necessity of Economic Security for Europe
Europe's economic security is crucial due to the changing global geopolitics and the need to respond effectively to stronger external forces. This urgency led to the initiation of the IITCAI project, focusing on common European interests, particularly on economic security. The project delves into protecting against economic malfeasance from external actors, such as states or disrupting factors like terrorism, trade issues, and financial vulnerabilities.
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