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Open strategic autonomy and the new geoeconomics: consequences for EU trade policy
Jens Hillebrand Pohl is a Research Scientist in the Faculty of Management and Business at Tampere University, Finland.
The geoeconomic paradigm shift has led the European Union in pursuit of open strategic autonomy, in response to the need for dynamic strategy to manage economic interdependence. Europe is adapting to global power competition through a range of policy areas increasing their geoeconomic competitiveness, including updating their geoeconomic defences through policy and strengthening their diminishing geoeconomic power through international cooperation. However, this does not simply result in effects to external relationships, but has exposed divisions amongst member states in how to manage Europe’s economic interdependence.
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