The Return of Borders in the World Economy: An EU-Perspective

Fredrik Sjöholm

No 1469, Working Paper Series from Research Institute of Industrial Economics

Abstract: This paper examines the European Union's changing perspective on globalization, reflecting a shift from its traditionally open, rules-based trade policy. The rise of internal protectionist measures, coupled with increasing economic insularity in the US and China, are challenging this policy. The study advocates revitalizing the EU's internal market and fostering robust international trade policies, contrasting this with the current trend of implementing various types of selective industry support. It further underscores the EU's heightened responsibility in global trade liberalization, emphasizing the urgency for new trade agreements, particularly with the US, and a reinvigorated role for the WTO.

Keywords: Globalization; European Union; Protectionism; Industrial Policy (search for similar items in EconPapers)
JEL-codes: F02 F15 F51 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2023-07-04
New Economics Papers: this item is included in nep-cna and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:iuiwop:1469

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