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The Return of Borders in the World Economy: An EU-Perspective

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This paper examines the European Union's changing perspective on globalization, reflecting a shift from its traditionally open, rules-based trade policy. The rise of internal protectionist measures, coupled with increasing economic insularity in the US and China, are challenging this policy. The study advocates revitalizing the EU's internal market and fostering robust international trade policies, contrasting this with the current trend of implementing various types of selective industry support. It further underscores the EU's heightened responsibility in global trade liberalization, emphasizing the urgency for new trade agreements, particularly with the US, and a reinvigorated role for the WTO.

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  • Sjöholm, Fredrik, 2023. "The Return of Borders in the World Economy: An EU-Perspective," Working Paper Series 1469, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:1469
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    More about this item

    Keywords

    Globalization; European Union; Protectionism; 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

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