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61. Transatlantic Trends 2023: Public Opinion in a Shifting Global Order

Author:
Alexandra de Hoop Scheffer, Martin Quencez, and Gusine Weber
Publication Date:
09-2023
Content Type:
Special Report
Institution:
German Marshall Fund of the United States (GMFUS)
Abstract:
Transatlantic Trends 2023 presents the results of representative surveys conducted in 14 countries on both sides of the Atlantic: Canada, France, Germany, Italy, Lithuania, the Netherlands, Poland, Portugal, Romania, Spain, Sweden, Türkiye, the United Kingdom, and the United States. Divided into five chapters, this report assesses public opinion on contemporary structural issues impacting the world order, transatlantic relations, security and defense, China, and global challenges.
Topic:
Security, Foreign Policy, Public Opinion, European Union, Democracy, Geopolitics, and Transatlantic Relations
Political Geography:
China, United Kingdom, Europe, Turkey, Ukraine, France, Poland, Germany, Global Focus, and United States of America

62. The EU–US Data Protection Framework: Balancing Economic, Security and Privacy Considerations

Author:
Federica Marconi
Publication Date:
09-2023
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
The rapid evolution of digital technology has ushered in a data-centric economy, where data accessibility drives marketplace efficiency and economic growth across various industries. However, this shift, while offering numerous benefits, introduces significant privacy and data security challenges, particularly in the context of transatlantic data transfers. Considering the vast economic ties between the EU and the US, the transatlantic data flow vividly illustrates the complexities involved in governing and transferring data. It grapples with the ongoing challenge of striking a satisfactory balance between economic advantages stemming from data utilisation and various concerns pertaining to national security, digital sovereignty and individual rights. In recent years, the European Commission approved two different frameworks on transatlantic data flow – Safe Harbour in 2000[1] and Privacy Shield in 2016[2] – asserting that the US provided a level of data protection for data transfers essentially equivalent to that guaranteed in the EU. However, despite initial optimism, both adequacy decisions faced a significant setback when the Court of Justice of the European Union invalidated them in what is commonly referred to as the “Schrems saga”,[3] named after the Austrian activist who first challenged both frameworks before the European Court. The core arguments centred on the absence of adequate safeguards for personal data within US domestic law and the extent of state surveillance over such data when it was transferred, as initially disclosed by Edward Snowden in 2013.[4] This legal development led to a period of significant uncertainty and further heightened the ongoing debate concerning the regulation of transatlantic data transfer. To address the consequences of this legal turmoil, both EU and the US committed to establishing “a renewed and sound framework for transatlantic data flows”,[5] seeking a long-term solution to address the complexities of data privacy and security, eventually leading to the recently adopted EU–US Data Privacy Framework (“DPF”).
Topic:
Security, Economics, Political Economy, European Union, Privacy, Transatlantic Relations, and Digital Policy
Political Geography:
Europe and United States of America

63. Climate Action, Geopolitical Risks and Strategic Policy: The Western Race to Secure Critical Raw Materials

Author:
Salvatore Finizio
Publication Date:
10-2023
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
Climate action, economic competition and geopolitical shifts are more intertwined than ever. In the wake of the skyrocketing inflation and deteriorating China relations, United States President Joe Biden signed the Inflation Reduction Act (IRA) into law on 16 August 2022. Conceived as the foundation of the new US industrial policy, the IRA aims to rebuild the country’s industrial capacity, including 500 billion US dollars in new spending and tax breaks, among which almost 400 billion aimed at boosting clean energy.[1] Across the Atlantic, the European Union expressed concerns about the potential loss of industrial competitiveness resulting from the IRA. In response, the EU unveiled its own Green Deal Industrial Plan (GDIP) in February 2023.[2] The objective of this plan is to promote the enhancement of net-zero manufacturing capacities in order to meet the EU’s climate targets. Both the IRA and the GDIP have a common goal of reducing dependence on China, especially in clean technology, although through different approaches. The US focuses on bringing high-value production back to its shores, while the EU aims to develop and diversify supply chains.[3] This divergence is also reflected in the debate between “decoupling” and “derisking”, with the latter recently gaining prominence as policymakers recognise the challenges of completely reshoring supply chains domestically.[4] The US and the EU share industrial and geoeconomic objectives, but will also encounter similar challenges, in particular concerning the first stages of green supply chains. Despite their heterogeneous approaches, Western policymakers will in fact have to secure critical raw materials for clean technology manufacturing, with the aim of resourcing the energy transition.
Topic:
Security, Politics, European Union, Institutions, Energy, and Raw Materials
Political Geography:
China, Europe, and United States of America

64. The Pashinyan Conundrum: Predictably Unpredictable, Consistently Inconsistent

Author:
Onnik Krikorian
Publication Date:
04-2023
Content Type:
Journal Article
Journal:
Baku Dialogues
Institution:
ADA University
Abstract:
Resolving the conflict in Karabakh requires a careful assessment of the roles of Russia, the EU, and the United States—states that have been involved as mediator, facilitator, and supporter of the peace process, respectively. Moscow believes two things: one, that the EU and the U.S. are hoping to edge Russia out of the region; and two, that there is a particular interest in removing the Russian peacekeeping contingent from Karabakh when its first and possibly last five-year term expires at the end of 2025. Ultimately, finding a solution to the conflict over Karabakh and the broader Armenia-Azerbaijan conflict will require a delicate balancing act among the various stakeholders involved, with a focus on promoting peace, stability, and security in the region. But in the absence of such an environment, there are concerns that competition between the actors involved could disrupt what progress has reportedly been made to date. Regardless of that rivalry, however, it should be remembered that any peace deal will be signed by the Armenian and Azerbaijani leaders—and nobody else. But here, too, the situation is unclear. Despite Azerbaijan’s decisive victory over Armenia in the 2020 Karabakh war, a final peace treaty remains elusive nearly two and a half years after the trilateral Armenia-Azerbaijan-Russia ceasefire statement was announced on 10 November 2020.
Topic:
Diplomacy, Territorial Disputes, European Union, Conflict, and Regional Security
Political Geography:
Russia, Armenia, Azerbaijan, South Caucasus, United States of America, and Nagorno-Karabakh

65. Fair Competition for an Evolving Economy

Author:
Keldon Bester
Publication Date:
09-2023
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation (CIGI)
Abstract:
Fair competition is essential to economic growth. Without it, corporate concentration takes over. Canada’s permissive merger law has allowed a small number of big corporations to dominate key sectors of the Canadian economy, resulting in limited consumer choice. Although Canada’s competition laws are currently under review, its global peers are taking steps to protect competition in their own economies. This paper recommends that Canada should focus on the role of fair competition in its competition law framework, specifically differentiating beneficial and harmful competition. Canada’s abuse of dominance provision protects against anti-competitive conduct, but it does little to protect new and emerging competitors. This paper suggests that Canada should look to international peers such as the European Union, Germany and the United States for cues to reform its own system.
Topic:
European Union, Economy, Legislation, Corporations, and Economic Competition
Political Geography:
Europe, Canada, Germany, North America, and United States of America

66. How to Curb Investments in Chinese Technology: Initiatives and Debates in the United States

Author:
Mathilde Velliet
Publication Date:
08-2023
Content Type:
Policy Brief
Institution:
Institut français des relations internationales (IFRI)
Abstract:
In a continuation of U.S. efforts to slow China's development and acquisition of strategic technologies, Washington has imposed new restrictions on American investment in Chinese technology sectors such as artificial intelligence (AI), quantum, and semiconductors. On August 9, 2023, President Biden issued an unprecedented executive order, announcing notification requirements and prohibitions for U.S. tech investments in China. Three sectors are targeted: semiconductors, quantum information technology, and artificial intelligence. Washington’s main concern is that these investments are accompanied by technology transfers and “intangible benefits” contributing to the development of Chinese military capabilities. This concern, first voiced in the 1980s, has received a heightened political response since 2018. Considering the emerging consensus in Congress and the multiplication of bills, further measures are likely to be adopted in the coming months. The European Union and certain Member States are beginning to reflect on the consequences of U.S. measures, and on the relevance of adopting their own tools to control investment in China.
Topic:
Science and Technology, European Union, Investment, Artificial Intelligence, Quantum Computers, and Semiconductors
Political Geography:
China, Europe, Asia, and United States of America

67. How an international agreement on methane emissions can pave the way for enhanced global cooperation on climate change

Author:
Kimberly Clausing, Luis Garicano, and Catherine Wolfram
Publication Date:
06-2023
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
Under the 2022 Inflation Reduction Act, the United States has for the first time implemented a methane emissions fee as a backstop to new methane regulations in the oil and gas sectors. The European Union is also implementing methane regulations on fossil energy. Methane is a short-lived but potent greenhouse gas, and reducing it is imperative for limiting global temperature rise to the 1.5°C target. Among the primary sources of methane emissions (including agriculture, fossil fuels, and waste), the oil and gas sectors have the greatest low-cost abatement potential. Clausing and colleagues recommend that the United States and the European Union coordinate their methane reduction policies and eventually impose border adjustments on imports from countries that fail to raise their standards. The aim would be to encourage oil and gas exporters to adopt comparable regulations or, if they fail to do so, pay a border adjustment fee on exports to the two jurisdictions. A US-EU methane border adjustment policy in oil and gas would reduce methane emissions by an estimated 15 to 45 percent worldwide, while having an indiscernible effect on key energy prices US and EU households face. With time, most major energy importers would ideally join the coalition of countries cooperating on both stringent domestic regulations on oil and gas production and border adjustments on any dirty, nonregulating exporters. Such an international agreement would help defuse frictions caused by differing climate policies and increase incentives for ambitious climate policy action worldwide.
Topic:
Climate Change, Environment, International Cooperation, Treaties and Agreements, European Union, and Energy
Political Geography:
Europe, North America, and United States of America

68. Russia's invasion of Ukraine has cemented the European Union's commitment to carbon pricing

Author:
Jacob Funk Kirkegaard
Publication Date:
09-2023
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
The European Union managed to overcome Russian energy blackmail in 2022 and used the political motivation from this national security crisis to accelerate its decarbonization process. The planned dramatic increase in the scope of carbon pricing in the European Union can herald the total decarbonization of sectors covered in the EU Emissions Trading System and expand into important new ones. The interplay between the EU carbon border adjustment mechanism (CBAM) and the US Inflation Reduction Act may cause transatlantic trade friction. But these two approaches could also offer a path to greater cooperation. Kirkegaard outlines proposals for how both the European Union and the United States can implement additional policies to secure their comprehensive decarbonization.
Topic:
Climate Change, Environment, European Union, Carbon Emissions, Decarbonization, and Energy
Political Geography:
Europe and United States of America

69. How trade cooperation by the United States, the European Union, and China can fight climate change

Author:
Chad P. Bown and Kimberly Clausing
Publication Date:
10-2023
Content Type:
Working Paper
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
Recent efforts to reduce greenhouse gas emissions have revealed different policy priorities; the United States and China have emphasized subsidy-based approaches, and the European Union has emphasized carbon pricing. These divergent policy choices—some lowering energy costs, others raising them—raise concerns about industry competitiveness and have implications for upstream and downstream firms in supply chains. This paper identifies the trade tensions resulting from varying climate policy approaches and describes policy efforts to address them. It then describes the role of a rules-based trading system in tackling the challenges that these distinct policy approaches create, examining World Trade Organization (WTO) rules on subsidies, border measures, and export restrictions. The authors suggest that the United States, the European Union, and China prioritize reforms to those rules as a path forward for cooperation on trade and climate. Such an approach would be an important starting point toward creating a functioning multilateral system.
Topic:
Climate Change, European Union, Trade, Cooperation, and Energy
Political Geography:
China, Europe, and United States of America

70. Reimagining Africa’s role in revitalizing the global economy

Author:
Amin Mohseni-Cheraghlou
Publication Date:
10-2023
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The world economy now finds itself at a critical juncture, facing a series of extraordinary setbacks that have pushed down growth. Reigniting growth requires a unique combination of targeted policies, robust international cooperation, and a renewed look at the global economy, with a particular focus on Africa. Due to its burgeoning and youthful population, abundant natural resources, and a strategic geographical location that can facilitate global trade, Africa can play a major role in—and should be front and center of—any renewed efforts for revitalizing the global economy. A decade-long robust, inclusive, and green growth in Africa will not only move hundreds of millions living in the continent out of poverty but will also accelerate a global rebound and recovery. However, for this to materialize, Africa needs substantial investments in its failing and inadequate physical and social infrastructure. With access to basic infrastructure, alongside efficient institutions as well as its young population, massive natural endowments, and strategic location Africa can seize its economic potential and act as an engine of growth for the global economy for decades to come. Therefore, it is crucial to support Africa to unleash its immense economic potential, through massive and focused investments in the continent’s human capital and its physical and social infrastructure.
Topic:
Development, International Organization, Reform, European Union, Regulation, Finance, Economy, and Economic Growth
Political Geography:
Africa, China, Europe, and United States of America