What the EU Doesn’t Get About Economic Security
Though they differ on a definition, the United States, Japan, and now the European Union have all in recent times embraced the need for “economic security”. Economic security is an imprecise term that refers to the shoring up of national interests from an economic perspective. While the United States and Japan have embraced industrial policy in service of this end, the EU’s approach has largely ignored it.
In June, the European Commission and the High Representative issued a communication on “an EU approach to enhance economic security” that “focuses on minimising risks arising from certain economic flows in the context of increased geopolitical tension”.… Seguir leyendo »