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Begin New Search Political Geography Europe Author Brigitte Dekker

1. The geopolitics of digital financial technologies: A chance for Europe?

Author:
Brigitte Dekker, Arief Hühn, Pim Korsten, and Maaike Okano-Heijmans
Publication Date:
01-2022
Content Type:
Special Report
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
Geopolitical tensions are permeating the digital domain. During the 1990s, the emergence of the internet still involved optimism and high hopes for digital technology as a force for openness, connectedness and freedom for all. Yet contrary to these promises, a trend of centralization, is prevalent in the digital economy. This trend of centralization, with the subsequent problems of gatekeeping, ecosystem lock-in, disproportional rent-seeking and monopolists that set market rules, is now also evident in the financial industry. Whereas smaller financial technology (fintech) companies, including many European firms, revolutionized the financial sector in the 2000s – disrupting traditional banks and their vested interests – we now witness a concentration of power and data in this sector, either in incumbent firms or within Big Tech companies. In response, governments in China, the European Union (EU) and the United States (US) are devising regulations, while at the same time technology innovators are building a radically new infrastructure to underpin our financial sector: Decentralized Finance (DeFi). The geopolitical implications of this disruptive transformation of the financial sector – through both fintech and DeFi – require forward-looking government responses that protect and promote European interests in the long term. This Clingendael Report first reflects on these trends of centralization in digital finance and decentralization in ‘traditional finance’. The paper examines the relationship between geopolitics and finance and looks at the position of the EU and its member states. The analysis considers the medium to longer-term implications in the following three domains: economic competitiveness and innovation; financial–economic and social stability; and inclusivity and equality. Data governance, data protection and data portability between financial services are key concepts in each of these areas. Building on these insights, the report argues for a push towards greater awareness among European policymakers on the potentials of DeFi to counter Big Tech’s rising influence in the European financial system with a decentralized, human-centred and value-based system. At the same time, the regulatory and security risks of DeFi – and the trend of decentralization in general – must be addressed. The report also highlights the need to help people to develop digital skills and become responsible and resilient digital citizens, and calls for enhanced dialogues with officials and technology company executives in like-minded countries on current developments. New approaches, such as multi-stakeholder consultations and increased rapprochement with the open-source and crypto-communities, are needed to facilitate knowledge exchange and best practices that will improve (regulatory) responses.
Topic:
Science and Technology, European Union, Geopolitics, Internet, and Digital Finance
Political Geography:
China, Europe, and United States of America

2. Growing stronger together: Towards an EU–ASEAN digital partnership?

Author:
Maaike Okano-Heijmans and Brigitte Dekker
Publication Date:
02-2022
Content Type:
Special Report
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
In December 2021, the EU and Singapore launched talks towards a digital partnership agreement that could prove a building block for broader EU–ASEAN cooperation. This Report assesses the strategic value of increased cooperation in the field of digital connectivity, also acknowledged in the EU’s Indo-Pacific strategy of September 2021, and considers the practical challenges and opportunities of stronger ties between the two blocs and their member states in this increasingly important realm. The authors argue that three domains could form the basis of a future, shared, EU–ASEAN approach to digital connectivity: (1) digital infrastructure; (2) data governance and digital trade regulation; and (3) the digital economy and financial technologies (fintech). A bloc-to-bloc approach should run in parallel with strengthened ties by the EU and its member states with specific ASEAN member states. Together, these building blocks will serve EU and ASEAN long-term interests, promoting economic competitiveness and inclusive growth, as well as openness, transparency and freedom in the digital realm.
Topic:
European Union, Partnerships, ASEAN, and Digital Policy
Political Geography:
Europe, Asia, and Singapore

3. Fostering digital connectivity in and with the Indo-Pacific

Author:
Brigitte Dekker and Maaike Okano-Heijmans
Publication Date:
04-2021
Content Type:
Special Report
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
pen, safe and inclusive digital connectivity and engage with the region’s thriving digital economies. While Indo-Pacific countries have called for greater maritime presence by European countries in their increasingly contested waters, European actors may have more to offer in the less-discussed but equally contested high-tech and digital domains. Recognizing the opportunities and disruptions that accompany the digital transition and green transformation globally, the EU and its member states need to increase their engagement with governments, commercial and civil-society stakeholders and networks in the Indo-Pacific on a broad array of digitalization issues.
Topic:
Civil Society, European Union, Economy, and Digitalization
Political Geography:
Europe and Indo-Pacific

4. Towards open and secure digital connectivity: Europe’s and Taiwan’s paths after the world’s first digital pandemic

Author:
Brigitte Dekker, Xiaoxue Martin, and Maaike Okano-Heijmans
Publication Date:
04-2021
Content Type:
Special Report
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
Surveillance capitalism and digital authoritarianism have become facts of life in recent years. Set against the US–China trade–tech–data standoff, the European Union (EU) and its member states are navigating their course of open strategic autonomy, assessing how to position themselves in the digital age. Synergies and coordination with like-minded partners – including the United States (US) and countries in the Indo-Pacific – seem inevitable. This raises the question of to what extent Taiwan can be a partner for closer cooperation on digital matters. Can the EU, and specifically the Netherlands, and Taiwan move beyond diverging priorities, and promote a human-centred approach to the digital domain by leveraging their economic, scientific and cultural ties? In answering this question, this Clingendael Report examines the approaches of both sides to strengthening resilient societies, so-called ‘Big Tech’ regulation and digital development assistance. Findings suggest that while the underlying strategic interests and goals of Taiwan and Europe on digital connectivity align, priorities and strengths diverge. China’s growing influence and assertive behaviour pose a substantial challenge to both sides’ open, inclusive democracies, economic competitiveness and standard-setting power. As Europe and Taiwan improve policies domestically, as well as in and with third countries, especially in the Indo-Pacific region, they can benefit from each other’s complementary skills in specific digitalisation and digital connectivity domains.
Topic:
Science and Technology, Authoritarianism, Surveillance, Pandemic, and Digitalization
Political Geography:
Europe, Taiwan, and Asia

5. Europe’s Digital Decade? Navigating the global battle for digital supremacy

Author:
Brigitte Dekker and Maaike Okano-Heijmans
Publication Date:
10-2020
Content Type:
Special Report
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
On 16 September 2020, European Commission President Ursula von der Leyen set a clear goal for the European Union (EU) and its member states: We must make this ‘Europe’s Digital Decade’ Aiming to contribute to improved European policy-making, this report discusses (best) practices of Asian countries and the United States in the field of digital connectivity. It covers a wide range of topics related to digital regulation, the e-economy, and telecommunications infrastructure. Findings show that the EU and its member states are slowly but steadily moving from being mainly a regulatory power to also claiming their space as a player in the digitalized economy. Cloud computing initiative GAIA-X is a key example, constituting a proactive alternative to American and Chinese Cloud providers. Such initiatives, including also the more recent Next Generation Internet (NGI), are a necessity to push European digital norms and standards, but also assist the global competitiveness of European companies and business models.
Topic:
Science and Technology, European Union, Digitalization, and Telecommunications
Political Geography:
Europe

6. Dealing with China on high-tech issues Views from the US, EU and like-minded countries in a changing geopolitical landscape

Author:
Brigitte Dekker and Maaike Okano-Heijmans
Publication Date:
12-2020
Content Type:
Special Report
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
As President-Elect Joe Biden enters the White House, what are the opportunities for EU–US cooperation in the trade, high-tech and digital domains? Together with like-minded partners, the transatlantic partners aim for deepened and renewed engagement in the bilateral and multilateral context. They need to deliver on broadening multilateralism to new areas and, in certain cases, new approaches. This Clingendael Report aims to contribute to a reorientation of the EU in the broad field of economic security, in the transatlantic context and with Japan, India and Australia. The policies of European governments and businesses in the trade, high-tech and digital domains are undergoing profound change. Stakeholders are starting to act on the awareness that some geopolitical challenges, in particular concerning China, cannot be solved within the liberal–democratic mindset alone. Still, however, they do want to uphold – and update – the basic principles of the rules-based system. This report adopts an ‘outside-in approach’ to discuss the many economic security challenges. It presents views and forward-looking suggestions by key experts from six countries: the United States, Germany, France, Japan, India and Australia.
Topic:
European Union, Geopolitics, Multilateralism, and Economic Security
Political Geography:
Europe, North America, and United States of America

7. The US–China trade–tech stand-off and the need for EU action on export control

Author:
Brigitte Dekker and Maaike Okano-Heijmans
Publication Date:
08-2019
Content Type:
Special Report
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
As the great power rivalry and (technological) trade conflict between the United States (US) and China intensifies, calls for an export control regime tailored to so-called emerging technologies are growing. In August 2018 the US government announced the Export Control Reform Act (ECRA), seeking to limit the release of emerging technologies to end uses, end users and destinations of concern. The contest is on for the leader in the development and use of emerging technologies, but also for shaping norms and writing the rules for their use. This requires the Netherlands and other EU member states – in coordination with key stakeholders from business and academia – also to redouble their efforts to recraft their own approach to export controls of so-called ‘omni-use’ emerging technologies. This Clingendael Report outlines four levels of action in the field of export control for the Dutch government to pursue in parallel: bilaterally with the US; European Union cooperation; ‘Wassenaar’ and beyond; and trusted communities.
Topic:
Development, Science and Technology, Power Politics, Exports, and Trade
Political Geography:
China, Europe, Asia, North America, and United States of America

8. Connectivity Between Asia and Europe: ASEM Connectivity Inventory

Author:
Maaike Okano-Heijmans, Wouter Zweers, and Brigitte Dekker
Publication Date:
10-2018
Content Type:
Special Report
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
In preparation for the 12th ASEM Summit and for taking the ASEM connectivity task forward, the Economic Research Institute for ASEAN and East Asia (ERIA) and the Clingendael Institute prepared the 'ASEM Connectivity Inventory' for the Asia Europe Meeting Pathfinders Group on Connectivity (APGC). The Report contains enumerations and qualitative analysis of ASEM connectivity activities since 2014, and gives recommendations on structure, processes, and coordination in the ASEM connectivity mechanisms. The report was presented to the APGC and the senior officials meeting in September, 2018.
Topic:
Connectivity and ASEM
Political Geography:
Europe and Asia