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Brussels

"Pandemic-related supply disruptions, the energy crisis provoked by Russia's invasion of Ukraine and economic coercion by China have put economic security high on the European Union policy agenda. The question is how exactly the EU should ‘de-risk' its external economic relationships without foregoing the benefits of trade. The standard answer is that it should identify product-level trade dependencies, mainly on the import side, and reduce them, mainly through diversification of suppliers, while otherwise maintaining maximum trade integration.

This Policy Brief argues that this answer falls short. First, product-level dependencies cannot be identified reliably even with sophisticated analysis and data. As a result, both ‘missed dependencies' and ‘false positives' are inevitable. Second, external shocks and coercion could be propagated through exports, productive assets held abroad and financial channels as much as through imports.

The analysis has five main implications

Import de-risking should focus on a few product categories for which the costs of supply interruptions would be unquestionably large. This reduces false positives.
De-risking and/or buffers to deal with exports and financial coercion require more attention.
De-risking must be complemented by raising resilience against all shocks, whatever theirorigin. This requires a deeper and broader European single market.
De-risking and resilience must be complemented by deterrence.
A sufficiently high probability of chronic trade conflict – or one very large conflict – mayjustify reducing overall integration with a large trading partner, on both the export andimport sides.
EU economic security policies have been right to emphasise the reduction of import dependence on chips and critical raw materials, and the creation of a powerful legal instrument to deter coercion (the Anti-Coercion Instrument). In most other respects, there is room for improvement."
"Pandemic-related supply disruptions, the energy crisis provoked by Russia's invasion of Ukraine and economic coercion by China have put economic security high on the European Union policy agenda. The question is how exactly the EU should ‘de-risk' its external economic relationships without foregoing the benefits of trade. The standard answer is that it should identify product-level trade dependencies, mainly on the import side, and reduce ...

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03.04-66124

Paris

"Institution centrale du capitalisme, la firme connaît depuis quelques années des transformations importantes. L'évolution des relations de sous-traitance, la multiplication d'accords de coopération interentreprises, le développement des formes dites " en réseau " rendent de plus en plus difficile l'identification des frontières de la firme. Et en son sein, plusieurs mutations touchant la relation d'emploi, l'organisation des pouvoirs de décision, les relations entre actionnaires et dirigeants remettent en cause le fonctionnement de l'entreprise fordiste représentative des Trente Glorieuses.
Cet ouvrage collectif cherche à rendre compte de ces transformations dans une optique pluridisciplinaire. S'appuyant sur de nombreuses études de cas et analyses portant sur différents secteurs d'activités, il s'attache tout particulièrement à analyser le gouvernement d'entreprise, les relations interfirmes, le développement d'une forme nouvelle d'organisation économique appelée " firme-réseau " et l'organisation interne de la firme. D'un point de vue plus théorique, il vise à questionner le sens des transformations récentes, à la lumière des grilles d'analyse construites ces dernières années en économie et gestion.
Cet ouvrage intéressera autant les chercheurs que les dirigeants, les consultants et, plus généralement, ceux qui s'interrogent sur la nature et la profondeur des mutations rencontrées au sein des entreprises et dans leurs relations. "
"Institution centrale du capitalisme, la firme connaît depuis quelques années des transformations importantes. L'évolution des relations de sous-traitance, la multiplication d'accords de coopération interentreprises, le développement des formes dites " en réseau " rendent de plus en plus difficile l'identification des frontières de la firme. Et en son sein, plusieurs mutations touchant la relation d'emploi, l'organisation des pouvoirs de ...

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08.04-65563

New York

"Accelerating processes of economic globalization have fundamentally reshaped the organization of the global economy towards much greater integration and functional interdependence through cross-border economic activity. In this interconnected world system, a new form of economic organization has emerged: Global Production Networks (GPNs). This brings together a wide array of economic actors, most notably capitalist firms, state institutions, labour unions, consumers and non-government organizations, in the transnational production of economic value. National and sub-national economic development in this highly interdependent global economy can no longer be conceived of, and understood within, the distinct territorial boundaries of individual countries and regions. Instead, global production networks are organizational platforms through which actors in these different national or regional economies compete and cooperate for a larger share of the creation, transformation, and capture of value through transnational economic activity. They are also vehicles for transferring the value captured between different places. This book ultimately aims to develop a theory of global production networks that explains economic development in the interconnected global economy. While primarily theoretical in nature, it is well grounded in cutting-edge empirical work in the parallel and highly impactful strands of social science literature on the changing organization of the global economy relating to global commodity chains (GCC), global value chains (GVC), and global production networks (GPN)."
"Accelerating processes of economic globalization have fundamentally reshaped the organization of the global economy towards much greater integration and functional interdependence through cross-border economic activity. In this interconnected world system, a new form of economic organization has emerged: Global Production Networks (GPNs). This brings together a wide array of economic actors, most notably capitalist firms, state institutions, ...

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Problèmes économiques - n° 3121 -

"Selon le FMI, le taux de croissance mondiale devrait continuer de progresser. Si le ralentissement de l'économie chinoise se poursuit, les performances de l'Inde ainsi que celles des dix États membres de l'ASEAN ont été les moteurs de la croissance au niveau mondial. Le taux de croissance de l'Asie émergente atteint + 6,6 % en 2015."

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Problèmes économiques - n° 3115 -

"Les difficiles négociations entre la Grèce et ses partenaires de la zone euro, qui ont abouti à un accord sur un troisième plan d'aides à Athènes, ont une nouvelle fois souligné les faiblesses constitutives de la monnaie unique : l'hypothèse d'un « Grexit » ayant été cette fois sérieusement envisagée par certains États membres. Si cet événement a relancé les débats autour de la viabilité de la zone euro, ces derniers comme bien souvent se sont limités à une vision endogène et purement économique. Une mise en perspective historique de la création de l'euro est ainsi nécessaire car elle apporte un éclairage essentiel sur les enjeux financiers et politiques internationaux de l'unification monétaire de l'Europe."
"Les difficiles négociations entre la Grèce et ses partenaires de la zone euro, qui ont abouti à un accord sur un troisième plan d'aides à Athènes, ont une nouvelle fois souligné les faiblesses constitutives de la monnaie unique : l'hypothèse d'un « Grexit » ayant été cette fois sérieusement envisagée par certains États membres. Si cet événement a relancé les débats autour de la viabilité de la zone euro, ces derniers comme bien souvent se sont ...

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Oxford Review of Economic Policy - vol. 30 n° 2 -

"Constitutional changes implemented when Lithuania re-established its independence in 1990 went beyond the resetting of its relations with the rest of the former Soviet Union. Political and constitutional changes were paralleled by changes of the economic regime, i.e. a transition from a centrally planned to a market economy. This type of systemic change implied radical reforms of property rights, of transactions between economic agents, and of economic regulation. This article focuses on two issues which are important for any newly (re)established polity. The first is the quality of governance associated with the constitutional changes which will influence the behaviour and expectations of economic agents. The second is the management of economic interdependencies with the state from which the new state has seceded, and the establishment of a stable environment for bilateral economic relations."
"Constitutional changes implemented when Lithuania re-established its independence in 1990 went beyond the resetting of its relations with the rest of the former Soviet Union. Political and constitutional changes were paralleled by changes of the economic regime, i.e. a transition from a centrally planned to a market economy. This type of systemic change implied radical reforms of property rights, of transactions between economic agents, and of ...

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01.01-64541

Cambridge

This revised & updated edition brings together the most original contributions from both sides of the globalization debate. Extensive new material incorporates the latest developments & sets the issues in the context of a global order in constant flux.

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01.03.8-64532

Washington, DC

"What does globalization mean for Europe? What are the gains and what are the pains? Who's winning and who's losing?
In this volume, Dan Hamilton and Joe Quinlan continue their award-winning series on international economic issues with an up-to-date look at globalization's impact on Europe. They chart changing flows of trade, investment, people, money, and ideas, and they explain globalization's effect on European consumers, workers, companies, and governments. Globalization and Europe highlights opportunities, identifies challenges —and offers some surprising conclusions."
"What does globalization mean for Europe? What are the gains and what are the pains? Who's winning and who's losing?
In this volume, Dan Hamilton and Joe Quinlan continue their award-winning series on international economic issues with an up-to-date look at globalization's impact on Europe. They chart changing flows of trade, investment, people, money, and ideas, and they explain globalization's effect on European consumers, workers, companies, ...

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03.01-64529

New York

"Designed to introduce students to a broad range of perspectives on the rapidly changing field of international political economy, this third edition of Political Economy and the Changing Global Order offers a critical assessment of the contemporary discipline and includes a number of new articles on emerging areas of IPE, such as gender, security, environmentalism, crime, and the role of the Internet. As well, all articles from the previous edition have been updated and revised to reflect the growing tensions among globalization, regionalism, and national interests. Every chapter includes a list of suggested readings and, where appropriate, key websites, and each of the book's four sections opens with an informative introduction."
"Designed to introduce students to a broad range of perspectives on the rapidly changing field of international political economy, this third edition of Political Economy and the Changing Global Order offers a critical assessment of the contemporary discipline and includes a number of new articles on emerging areas of IPE, such as gender, security, environmentalism, crime, and the role of the Internet. As well, all articles from the previous ...

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03.01-64527

Princeton, NJ.

"This book is the eagerly awaited successor to Robert Gilpin's 1987 The Political Economy of International Relations, the classic statement of the field of international political economy that continues to command the attention of students, researchers, and policymakers. The world economy and political system have changed dramatically since the 1987 book was published. The end of the Cold War has unleashed new economic and political forces, and new regionalisms have emerged. Computing power is increasingly an impetus to the world economy, and technological developments have changed and are changing almost every aspect of contemporary economic affairs. Gilpin's Global Political Economy considers each of these developments. Reflecting a lifetime of scholarship, it offers a masterful survey of the approaches that have been used to understand international economic relations and the problems faced in the new economy. Gilpin focuses on the powerful economic, political, and technological forces that have transformed the world. He gives particular attention to economic globalization, its real and alleged implications for economic affairs, and the degree to which its nature, extent, and significance have been exaggerated and misunderstood. Moreover, he demonstrates that national policies and domestic economies remain the most critical determinants of economic affairs. The book also stresses the importance of economic regionalism, multinational corporations, and financial upheavals. Gilpin integrates economic and political analysis in his discussion of "global political economy." He employs the conventional theory of international trade, insights from the theory of industrial organization, and endogenous growth theory. In addition, ideas from political science, history, and other disciplines are employed to enrich understanding of the new international economic order. This wide-ranging book is destined to become a landmark in the field."
"This book is the eagerly awaited successor to Robert Gilpin's 1987 The Political Economy of International Relations, the classic statement of the field of international political economy that continues to command the attention of students, researchers, and policymakers. The world economy and political system have changed dramatically since the 1987 book was published. The end of the Cold War has unleashed new economic and political forces, and ...

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