The Geopoliticization of European Trade and Investment Policy

Meunier, Sophie; Nicolaïdis, Kalypso

doi:10.1111/jcms.12932

Cited by 102 publications

(68 citation statements)

References 36 publications

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“…Third, our results speak to broader developments in Europe and beyond that signify a 'geopoliticization' of trade and investment policies (Meunier & Nicolaidis, 2019). Recent research has outlined the global disorder which both feeds this geopoliticization, but also presents the new conditions under which European integration is taking place (Lavery & Schmid, 2021).…”

Section: Conclusion: a Research Agenda For Cslimentioning

confidence: 68%

“…This, we argue, has palpable consequences for the role of Europe as a global investment destination. Instead of creating a global level playing field for trade and investment, the EU and its member states increasingly engage in what has been aptly described as the 'geopoliticization' of trade and investment policies (Meunier & Nicolaidis, 2019). New and comprehensive protectionist policies are gaining ground and are a symptom of this broader trend.…”

Section: Introductionmentioning

confidence: 99%

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Is the China-effect real? Ideational change and the political contestation of Chinese state-led investment in Europe

Babić¹,

Dixon²

2021

Preprint

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Chinese outwards investment is increasing in its relevance for the global economy; and its effects on host states are increasingly being scrutinized within International Political Economy discussions. While policy-making was ambiguous about the question of hosting Chinese state-led investment in the early 2010s, we can observe a recent surge of protectionist legal measures across Europe. What explains this trend among different European countries? Through the lens of incremental ideational change, we hypothesize that the rise of China as a global investor shifts the perceptions of policy-makers away from being a source of investment towards questions of national security. We argue that this postulated China-effect affects advanced European economies similarly. We provide evidence by studying the shift inperceptions among policy-makers in a coordinated and a liberal market economy, Germany and the UK. By drawing on document analysis and expert interviews, we unpack the policy processes in both countries in the last decade. Despite being two dissimilar cases, both show a similar outcome in increasingly rejecting Chinese state-led investment on the grounds of national security reasons. Our results add important insights to recent discussions on the ‘geopoliticization’ of European trade and investment rules in the face of a rising China.

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Section: Conclusion: a Research Agenda For Cslimentioning

confidence: 68%

Section: Introductionmentioning

confidence: 99%

Is the China-effect real? Ideational change and the political contestation of Chinese state-led investment in Europe

Babić¹,

Dixon²

2021

Preprint

View full text Add to dashboard Cite

show abstract

“…In the EU, the past decade has been characterized by a growing politicization of trade policy (Leblond & Viju-Miljusevic, 2019;Meunier & Czesana, 2019). Growing politicization, coupled with the blurring of economy and security, has led to the "securitization" (Roberts et al, 2019) and "geopoliticization" (Meunier & Nicolaidis, 2019) of trade and investment policy in many regions, especially in the EU. These calls to weaponize international economic policy have become particularly salient in Europe and the U.S. as a result of the rise of China and other countries whose national practices introduce "market distortions" (Lang, 2019).…”

Section: What Determines Support For Fdi Screening?mentioning

confidence: 99%

Behind the screen: Understanding national support for a foreign investment screening mechanism in the European Union

Chan

Meunier

2021

Rev Int Organ

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What determines national preferences for institutionalizing foreign direct investment (FDI) screening? Over the past decade, advanced economies worldwide have tightened their national investment screening mechanisms (ISMs). In March 2019, the European Union (EU) adopted its first common FDI screening framework. This article explores variations in Member State preferences for the creation and nature of a pan-European screening framework. Based on extensive interviews with high-level EU and country officials involved in the negotiation process, and using a unique measure of national support for the EU-wide ISM created through the first-ever elite survey on this subject matter, we find that countries with higher technological levels were more supportive of FDI screening due to concerns over unreciprocated technological transfer. We also show the effects of Chinese FDI on country-level support for FDI screening sector-dependent. We found no evidence that total Chinese FDI predicts preferences for ISM. Instead, countries with high levels of Chinese FDI in strategic sectors are more likely to support the ISM, while those with high levels of Chinese investment in low-tech sectors tend to oppose screening. Our overall findings suggest that EU investment screening, and national-level screening in general, might become more restrictive in the future, especially in light of the COVID-19 pandemic.

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“…In the European Union (EU) as well, the security dimension of trade and investment has been taken more seriously for some years (cfr. Meunier & Nicolaïdis, 2019). This ascendance of a geo-economic approach to trade might be considered as surprising, given that, going back to nineteenthcentury liberal thinkers and politicians like Richard Cobden in the United Kingdom and Frédéric Bastiat in France, it has been widely believed that economic integration goes hand in hand with political cooperation, and makes international conflicts less likely.…”

Section: Introductionmentioning

confidence: 99%

Global Value Chains and EU–East Asia Trade: An Antidote for Geo-Economic Competition?

Ville

2022

A Geo-Economic Turn in Trade Policy?

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The Geopoliticization of European Trade and Investment Policy

Cited by 102 publications

References 36 publications

Is the China-effect real? Ideational change and the political contestation of Chinese state-led investment in Europe

Is the China-effect real? Ideational change and the political contestation of Chinese state-led investment in Europe

Behind the screen: Understanding national support for a foreign investment screening mechanism in the European Union

Global Value Chains and EU–East Asia Trade: An Antidote for Geo-Economic Competition?

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