41. EU's “Open Strategic Autonomy” and its Implications for Korea
- Author:
- Youngook Jang
- Publication Date:
- 03-2024
- Content Type:
- Policy Brief
- Institution:
- 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.
- Topic:
- European Union, Trade, Supply Chains, Strategic Autonomy, and Russia-Ukraine War
- Political Geography:
- China, Asia, South Korea, and United States of America