How Europe should de-risk: Economic security in an age of interdependence

The Kiel Institute for the World Economy in Berlin and the Centre for Economic Policy Research (CEPR) host a high-level briefing on the upcoming Report on "How Europe should de-risk: Economic security in an age of interdependence."

The 2024 Paris report, a collaboration of CEPR and Bruegel, takes a deep dive into Europe’s economic security challenge in the face of supply chain vulnerabilities and geopolitical shocks. Five papers examine where Europe is vulnerable and where and how it should de-risk, examining history, trade policy, import dependencies, and the economic impact of a decoupling from China. The main conclusion is that ensuring Europe’s economic security will need to go beyond diversifying sources of supply for specific goods, and include a strategy to reduce its trade integration with China, and a strategy to strengthen its single market. The report will be published in early May 2024.

The meeting will be chaired by Beatrice Weder di Mauro. Isabelle Méjean, Moritz Schularick, and Jeromin Zettelmeyer will present their respective chapters of the report, followed by comments and discussion by Elga Bartsch and John Drummond.

Elga Bartsch is Director General for Economic Policy at the Federal Ministry for Economic Affairs and Climate Action in Berlin, Germany.

John Drummond is Head of the Trade Policy Division at the Organization for Economic Cooperation and Development (OECD) in Paris.

Isabelle Méjean is Professor of Economics at Sciences Po, Paris, and a CEPR Research Fellow.

Moritz Schularick is the President of the Kiel Institute for the World Economy, Professor of Economics at Sciences Po and a CEPR Research Fellow.

Beatrice Weder di Mauro is the President of CEPR. She is a Professor of International Economics at the Graduate Institute of Geneva, Visiting Professor at INSEAD and Distinguished Fellow at the INSEAD Hoffmann Global Institute for Business and Society.

Jeromin Zettelmeyer is Director of Bruegel and a CEPR Research Fellow.