IDEAS home Printed from https://ideas.repec.org/p/hhs/iuiwop/1466.html
   My bibliography  Save this paper

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

Author

Listed:

Abstract

The European Union (EU) is becoming more inward looking and more hesitant towards globalization. This paper examines recent transformations in 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 US's 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

  • Sjöholm, Fredrik, 2023. "Navigating the New Normal: The European Union's Changing Stance on Globalization in the Era of Trade Conflicts," Working Paper Series 1466, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:1466
    as

    Download full text from publisher

    File URL: https://www.ifn.se/wfiles/wp/wp1466.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    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.
    2. Jeromin Zettelmeyer, 2019. "The Return of Economic Nationalism in Germany," Policy Briefs PB19-4, Peterson Institute for International Economics.
    3. Anusha Chari & Peter Blair Henry & Hector Reyes, 2021. "The Baker Hypothesis: Stabilization, Structural Reforms, and Economic Growth," Journal of Economic Perspectives, American Economic Association, vol. 35(3), pages 83-108, Summer.
    4. repec:bre:polbrf:node_8764 is not listed on IDEAS
    5. Sebastien Goulard, 2020. "The Impact of the US–China Trade War on the European Union," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 12(1), pages 56-68, January.
    6. Douglas A. Irwin, 2019. "Does Trade Reform Promote Economic Growth? A Review of Recent Evidence," Working Paper Series WP19-9, Peterson Institute for International Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sjöholm, Fredrik, 2023. "The Return of Borders in the World Economy: An EU-Perspective," Working Paper Series 1469, Research Institute of Industrial Economics.
    2. Kym Anderson, 2022. "Agriculture in a more uncertain global trade environment," Agricultural Economics, International Association of Agricultural Economists, vol. 53(4), pages 563-579, July.
    3. Dani Rodrik, 2018. "Populism and the economics of globalization," Journal of International Business Policy, Palgrave Macmillan, vol. 1(1), pages 12-33, June.
    4. Marco Manacorda & Guido Tabellini & Andrea Tesei, 2022. "Mobile Internet and the Rise of Political Tribalism in Europe," Working Papers 941, Queen Mary University of London, School of Economics and Finance.
    5. Patel, Dev & Sandefur, Justin & Subramanian, Arvind, 2021. "The new era of unconditional convergence," Journal of Development Economics, Elsevier, vol. 152(C).
    6. Komlos, John & Schubert, Hermann, 2019. "Les origines du triomphe de Donald Trump," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 26.
    7. Paul Vertier, 2018. "The democratic challenges of electoral representation and populism : an empirical approach [Les défis démocratiques de la représentation électorale et du populisme : une approche empirique]," SciencePo Working papers Main tel-03419534, HAL.
    8. Taiji Furusawa & Hideo Konishi & Duong Lam Anh Tran, 2020. "International Trade and Income Inequality," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(3), pages 993-1026, July.
    9. Niklas Potrafke & Fabian Ruthardt & Kaspar Wuthrich, 2020. "Protectionism and economic growth: Causal evidence from the first era of globalization," Papers 2010.02378, arXiv.org, revised Mar 2022.
    10. Eriksson, Katherine & Alsan, Marcella & Niemesh, Gregory T., 2020. "Understanding the Success of the Know-Nothing Party," CEPR Discussion Papers 15562, C.E.P.R. Discussion Papers.
    11. Liesbet Hooghe & Tobias Lenz & Gary Marks, 2019. "Contested world order: The delegitimation of international governance," The Review of International Organizations, Springer, vol. 14(4), pages 731-743, December.
    12. Matthieu Crozet & Laura Hering & Sandra Poncet, 2024. "Is There a Bright Side to the China Syndrome? Rising Export Opportunities and Life Satisfaction in China," PSE-Ecole d'économie de Paris (Postprint) hal-04505684, HAL.
    13. Amory Gethin & Clara Martínez-Toledano & Thomas Piketty, 2022. "Brahmin Left Versus Merchant Right: Changing Political Cleavages in 21 Western Democracies, 1948–2020," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 137(1), pages 1-48.
    14. repec:zbw:bofitp:2022_012 is not listed on IDEAS
    15. Ornelas, Emanuel & Ogeda, Pedro & Soares, Rodrigo, 2021. "Labor Unions and the Electoral Consequences of Trade Liberalization," CEPR Discussion Papers 16721, C.E.P.R. Discussion Papers.
    16. David Kunst, 2019. "Deskilling among Manufacturing Production Workers," Tinbergen Institute Discussion Papers 19-050/VI, Tinbergen Institute, revised 30 Dec 2020.
    17. Mona Foertsch & Felix Roesel, 2023. "Sports Clubs and Populism: Quasi-Experimental Evidence from German Cities," CESifo Working Paper Series 10259, CESifo.
    18. Sebastian Doerr & Stefan Gissler & José-Luis Peydró & Hans-Joachim Voth, 2018. "From finance to fascism," Economics Working Papers 1651, Department of Economics and Business, Universitat Pompeu Fabra, revised Nov 2020.
    19. Yann Algan & Sergei Guriev & Elias Papaioannou & Evgenia Passari, 2017. "The European Trust Crisis and the Rise of Populism," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(2 (Fall)), pages 309-400.
    20. Matthieu Crozet & Gianluca Orefice, 2017. "Trade and Labor Market: What Do We Know?," CEPII Policy Brief 2017-15, CEPII research center.
    21. repec:hal:spmain:info:hdl:2441/6d7es28iae9pjoil7092hs41h3 is not listed on IDEAS
    22. Michael J. Böhm & Hans-Martin von Gaudecker & Felix Schran, 2024. "Occupation Growth, Skill Prices, and Wage Inequality," Journal of Labor Economics, University of Chicago Press, vol. 42(1), pages 201-243.

    More about this item

    Keywords

    Globalization; European Union; Trade War; Industrial Policy;
    All these keywords.

    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

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:hhs:iuiwop:1466. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Elisabeth Gustafsson (email available below). General contact details of provider: https://edirc.repec.org/data/iuiiise.html .

    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.