IDEAS home Printed from https://ideas.repec.org/a/bla/jcmkts/v62y2024i4p1097-1115.html
   My bibliography  Save this article

The EU's Geoeconomic Turn: From Policy Laggard to Institutional Innovator

Author

Listed:
  • Sarah Bauerle Danzman
  • Sophie Meunier

Abstract

Heightened geopolitical tensions and the growing securitization of economic exchange over the past decade have prompted many countries to adopt new geoeconomic tools. Long resistant to this geoeconomic turn, the European Union (EU) has since 2017 created a panoply of innovative policy tools that blend trade and investment with essential security concerns. This article asks why and how the EU has been able to operate the doctrinal and policy changes necessary to put economic tools at the service of geopolitics. After introducing a typology of the defensive and offensive geoeconomic tools deployed by advanced industrial economies, we present the novel geoeconomic toolkit quickly assembled by the EU, which we explain by the confluence of external factors that triggered European leaders' beliefs that change was necessary and internal factors that made such change institutionally and politically possible, a trend reinforced by the pandemic and the Russian invasion of Ukraine.

Suggested Citation

  • Sarah Bauerle Danzman & Sophie Meunier, 2024. "The EU's Geoeconomic Turn: From Policy Laggard to Institutional Innovator," Journal of Common Market Studies, Wiley Blackwell, vol. 62(4), pages 1097-1115, July.
    • Handle: RePEc:bla:jcmkts:v:62:y:2024:i:4:p:1097-1115
    DOI: 10.1111/jcms.13599
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/jcms.13599
    Download Restriction: no
    File URL: https://libkey.io/10.1111/jcms.13599?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jcmkts:v:62:y:2024:i:4:p:1097-1115. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0021-9886 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.