In this episode, Amar discusses with Dr Matthias Bauer, Director, ECIPE and Dr Deborah Elms, Head of Trade Policy, Hinrich Foundation on the concept of economic security and its implications. It explores the EU's measures and policy settings for economic security, as well as global trends in this area. The challenges and opportunities of economic security are examined, along with the growing intertwining of economic and security issues. And much more.
Takeaways
- Economic security is a complex and evolving concept that encompasses various concerns, including competitiveness, resilience, and protection of critical infrastructure.
- The EU has implemented measures and policies to address economic security, but there are challenges in effectively managing economic security and promoting innovation.
- The growing intertwining of economic and security issues is a global trend, with countries like the US, China, and Japan also pursuing economic security strategies.
- The use of subsidies in economic security can have unintended consequences and distort trade, making it important to consider the trade-offs and costs involved.
- Economists can contribute to the discussion on economic security by providing practical examples, highlighting the benefits of economic interdependence, and advocating for international cooperation and harmonisation of regulations.
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