Future is Blue
How the EU is adapting to post-pandemic global trade shifts
Jun 26, 2024
Alice Faibishenko, a representative from Funcas, dives into the transformation of global trade and investment since the pandemic. She examines the concept of re-globalization and the challenges the EU faces, including declining export market share and foreign investment competition from the US and China. However, it's not all doom and gloom; Alice highlights a surge in intra-EU trade as a beacon of hope, suggesting that Europe's shifting strategies might just stabilize its economy in these uncertain times.
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Quick takeaways
- The pandemic has accelerated the EU's re-evaluation of global trade, leading to a decline in export market share and increasing challenges.
- Despite facing global economic uncertainties, the EU is experiencing growth in intra-EU trade and investment, emphasizing regional stability.
Deep dives
Rethinking Economic Interdependence Post-Pandemic
The pandemic has prompted a significant reevaluation of global trade and economic interdependence, particularly within the EU. Recent geopolitical tensions, notably arising from conflicts in Ukraine and the Middle East, have revealed vulnerabilities in what was previously seen as a strength of economic interconnectedness. This shift is characterized by rising import tariffs between major economies like the US and China, alongside a weakening of global trade overall, necessitating a new understanding of trade policy. The implications of these changes are profound, especially as the EU assesses its position in relation to these global economic dynamics.
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