Geoeconomic Competition Francesca Ghiretti

In this episode, Francesca Ghiretti discusses outbound investment screening with Sarah Bauerle Danzman, Associate Professor at Indiana University and Scholar in Residence at the Atlantic Council . The episode explores the emergence of the debate in the US, the (potential) implications of the regulation that will follow the executive order, and the different ways to approach the issue. 

In this third (and last) episode of the short series on industrial policies, Francesca Ghiretti engages with Todd Tucker, Director of Industrial Policy and Trade at the Roosevelt Institute. The episode focuses on the US' turn to industrial policies, what has driven it, what are its main components and focus points, how much it has already contributed to US' competitiveness and where it is going. The episode also explores the question of a potential subsidy race and the role of coordination with partners. 

In this second episode of a short series of episodes on industrial policies, Francesca Ghiretti engages with Camille Boullenois, Associate Director at Rhodium Group. The episode challenges the idea that China's industrial policies have led only to successes and cautions against attempting to replicate a similar model in Europe. Overcapacity is only one of the issues that have emerged in China. 

In the first episode of the series on industrial policies, Francesca is joined by Simone Tagliapietra, Senior fellow at Bruegel and Professor of Energy, Climate and Environmental Policy at the Catholic University of Milan and at The Johns Hopkins University - School of Advanced International Studies (SAIS) Europe. In the episode, Simone explains why it is vital for the EU to get the green tech ‘revolution’ right. To do so, the episode addresses the EU’s approach to the green transition, the role of industrial policy and investments in green technologies. Particular attention is paid to the debate on the balance between the EU’s liberal approach and the emerging interventionist trend. 

On the 23rd of February, the EU adopted the 13th package of sanctions against Russia for the invasion of Ukraine. In this episode, Francesca Ghiretti engages with Maria Shagina, Senior Fellow in Economic Sanctions, Standards and Strategy at the International Institute for Strategic Studies (IISS).  Maria introduces seven lessons to be learned from the sanctions imposed on Russia in the past two years: 1. understand your target well; 2. understand the limitation of sanctions in a military conflict; 3. clarify objective and end game; 4. foster international cooperation, 5. increase domestic resilience, 6. understand the response from the target and 7. enforcement. The episode also touches upon the difficulty of sanctioning actors like China and on the perennial debate over the efficacy of sanctions. 

Articles referenced in the podcast can be found here: 

https://www.ft.com/content/4ac30222-2d15-4d4a-a025-9e5793157610

https://research.rug.nl/en/publications/coercing-constraining-signalling-explaining-un-and-eu-sanctions-a 

Japan has been one of the first countries to adopt a policy for economy security, the Economic Security Promotion Act, and to appoint a Minister for Economic Security. In this episode, I have the pleasure to chat with Kazuto Suzuki, Director & Group Head, Economic Security at the Institute of Geoeconomics in Tokyo. This episode's content spans from Japan's own experience with economic security, and the country's ability to use economic security to promote the flourishing of a semiconductor industry, to the possibility for collaboration with the EU to safeguard a rules-based international system. Finally, it touches upon the G7; the attention to economic security that Japan's Presidency paid in 2023 and where the Italian Presidency in 2024 could consolidate and strengthen the G7 economic security agenda.