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EU's “Open Strategic Autonomy” and its Implications for Korea

Author

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  • Jang, Youngook

    (KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP))

Abstract

This brief explores the shifting global trade landscape characterized by weakening globalization and rising protectionism, exacerbated by events such as the US-China trade disputes, COVID-19 pandemic, and Russia's invasion of Ukraine. It discusses how these factors have prompted a trend towards 'Open Strategic Autonomy' (OSA) in the European Union (EU), as evidenced by newly suggested industrial and trade policies. The EU's experiences during the pandemic and energy dependence on Russia have emphasized the need for resilient supply chains. The analysis draws from Jang et al. (2023) to examine how the EU's OSA has evolved in response to these changes, offering insights for policy implications for Korea.

Suggested Citation

  • Jang, Youngook, 2024. "EU's “Open Strategic Autonomy” and its Implications for Korea," World Economy Brief 24-7, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2024_007
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