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Navigating the New Normal: The European Union's Changing Stance on Globalization in the Era of Trade Conflicts

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  • Fredrik Sjöholm

    (The Research Institute of Industrial Economics (IFN) Stockholm, Sweden)

Abstract

The EU is becoming more inward-looking and more hesitant toward globalization. This paper examines recent transformations in the EU's economic policies, with a focus on international trade and industrial policy. It argues that these changes reflect the EU's response to the evolving global economic and political landscape, driven by factors such as China's rise and the United States’ protectionist policies. By analyzing the potential consequences of these policy adjustments on EU industries’ competitiveness and trade relations, the paper offers insights into the future prospects of EU economic policies and their role in shaping the global economy.

Suggested Citation

  • Fredrik Sjöholm, 2024. "Navigating the New Normal: The European Union's Changing Stance on Globalization in the Era of Trade Conflicts," Asian Economic Papers, MIT Press, vol. 23(1), pages 29-45, Winter/Sp.
    • Handle: RePEc:tpr:asiaec:v:23:y:2024:i:1:p:29-45
    DOI: 10.1162/asep_a_00886
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    References listed on IDEAS

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    1. David Autor & David Dorn & Gordon Hanson & Kaveh Majlesi, 2020. "Importing Political Polarization? The Electoral Consequences of Rising Trade Exposure," American Economic Review, American Economic Association, vol. 110(10), pages 3139-3183, October.
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    Cited by:

    1. Sjöholm, Fredrik, 2023. "The Return of Borders in the World Economy: An EU-Perspective," Working Paper Series 1469, Research Institute of Industrial Economics.

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    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions

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