World trade: the fronts are hardening

Article by Simon Landt

After the global economy experienced a strong surge in globalization in the early 2000s, the openness of the global economy has stagnated in recent years. In addition, the framework conditions for a further globalization push have deteriorated. On the one hand, the coronavirus pandemic has highlighted the vulnerability of global supply chains, while on the other, Russia's attack on Ukraine has brought geopolitical risks back into the focus of political decision-makers. This has not only exacerbated the bloc formation between the USA and Europe on the one hand and Russia and China on the other, but has also increased the risk of a trade war. 

You can find out how the EU should position itself in this environment in the current issue of "Economic Situation and Strategy"