EU's “Open Strategic Autonomy” and its Implications for Korea

Youngook Jang ()
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Youngook Jang: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si Korea,, https://www.kiep.go.kr/eng/

No 24-7, World Economy Brief from Korea Institute for International Economic Policy

Abstract: This brief explores the shifting global trade landscape characterized by weakening globalization and rising protectionism, exacerbated by events such as the US-China trade disputes, COVID-19 pandemic, and Russia's invasion of Ukraine. It discusses how these factors have prompted a trend towards 'Open Strategic Autonomy' (OSA) in the European Union (EU), as evidenced by newly suggested industrial and trade policies. The EU's experiences during the pandemic and energy dependence on Russia have emphasized the need for resilient supply chains. The analysis draws from Jang et al. (2023) to examine how the EU's OSA has evolved in response to these changes, offering insights for policy implications for Korea.

Keywords: Global supply chain; Industrail policy; EU (search for similar items in EconPapers)
Pages: 5 pages
Date: 2024-03-19
New Economics Papers: this item is included in nep-cis and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2024_007

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