Paris Report 2: Europe's Economic Security

Edited by Jean Pisani-Ferry, Beatrice Weder di Mauro and Jeromin Zettelmeyer

in CEPR Press Books from Centre for Economic Policy Research

Abstract: COVID-19 and the subsequent supply chain congestion, the wake-up call over the dependency of Europe on Russia for energy, and geopolitical shifts and the increasingly adversarial tone of the US-China relationship have underscored the need for a comprehensive reassessment of the EU's economic security strategy. The second Paris Report examines where Europe is vulnerable and where and how it should de-risk. While the new global geoeconomic map may necessitate an EU pivot towards economic security, this must not become an excuse for protectionism, and it must preserve international cooperation. This requires innovative policy instruments, joint preparedness, contingency planning, and stronger governance mechanisms at both the EU and the international level.

Date: 2024 Written 2024-05
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Chapters in this book:

Ch 1 How to de-risk: European economic security in a world of interdependence

Jean Pisani-Ferry, Beatrice Weder di Mauro and Jeromin Zettelmeyer

Ch 2 Industrial policy in the shadow of conflict: Lessons from the past

Morgan Kelly and Kevin O'Rourke

Ch 3 Identifying European trade dependencies

Isabelle Mejean and Pierre Rousseaux

Ch 4 What if? The effects of a hard decoupling from China on the German economy

David Rezza Baqaee, Julian Hinz, Benjamin Moll, Moritz Schularick, Feodora Teti, Joschka Wanner and Sihwan Yang

Ch 5 Trade policy, industrial policy, and the economic security of the European Union

Chad Bown

Ch 6 Instruments of economic security

Conor McCaffrey and Niclas Poitiers

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