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The European Union in the age of slowbalisation

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  • Della Posta, Pompeo

Abstract

The global financial crisis of 2008/09 is generally regarded as the beginning of a slowdown in the process of economic globalization, what has been called slowbalisation. As a consequence of the changed geopolitical climate, the EU is now encouraging the reshoring (or the nearshoring) of certain activities and is pursuing an active industrial policy in critical sectors where it feels vulnerable. I argue that perceived geopolitical threats could act as a catalyst for a deeper degree of integration (as has always been the case at critical moments in the past), as the EU will only be able to muster the resources to succeed in its endeavor if it moves more decisively towards a political union. In turn, the resulting stronger EU, with its institutions, history and values, could play a stabilizing role in the global context, helping to keep the confrontation between countries and regions within physiological economic boundaries.

Suggested Citation

  • Della Posta, Pompeo, 2023. "The European Union in the age of slowbalisation," Journal of Policy Modeling, Elsevier, vol. 45(4), pages 833-847.
    • Handle: RePEc:eee:jpolmo:v:45:y:2023:i:4:p:833-847
    DOI: 10.1016/j.jpolmod.2023.07.006
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    References listed on IDEAS

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    2. Basu, Anwesha & Marjit, Sugata & Veeramani, C., 2024. "Growth gains from offshore outsourcing," Journal of Policy Modeling, Elsevier, vol. 46(1), pages 90-112.
    3. Sergio Mariotti, 2025. "“Open strategic autonomy” as an industrial policy compass for the EU competitiveness and growth: The good, the bad, or the ugly?," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 52(1), pages 1-26, March.
    4. Gilles Paché, 2024. "Do Tensions In The South China Sea Herald The Collapse Of Global Supply Chains?," Post-Print hal-04683314, HAL.

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