Geopolitics is Changing the Global Economy

Jyrki Ali-Yrkkö, Olli-Pekka Kuusela and Tero Kuusi

No 150, ETLA Reports from The Research Institute of the Finnish Economy

Abstract: Abstract The new era of geopolitics and geoeconomy significantly alters the economic landscape and the operating environment. It is already clear that industrial policies and barriers to international trade increasingly influence the location of investment decisions. These trends challenge the foundations of the international division of labor. Our report outlines the key drivers, assumptions, and policy actions behind these changes. In addition, the report provides recommendations and key principles for a small open economy, such as Finland, on how to navigate the changing landscape.

Keywords: Geopolitics; Geoeconomics; Industrial policy; Globalization; Fragmentation (search for similar items in EconPapers)
JEL-codes: F12 F15 F41 L5 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2024-06-25
New Economics Papers: this item is included in nep-int and nep-opm
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