publication

Risky interdependence the impact of geoeconomics on trade policy

Authors:
Joost PAUWELYN
2022

In an attempt to level the economic playing field, and in response to urgent geopolitical threats like the Russian war in Ukraine, Western countries have begun to adopt a more unilateral approach to international economic relations. Even the EU – despite its propensity for multilateralism – has resorted to a number of unilateral measures, including both export controls and support for key domestic industries.