Současná podoba průmyslové politiky EU podkopává ekonomické přibližování mezi starými a novými státy EU
The current Design of EU industrial Policy undermines Economic Approach between old and new EU States

Author(s): Klára Votavová
Subject(s): International relations/trade, EU-Approach / EU-Accession / EU-Development
Published by: EUROPEUM - Institut pro evropskou politiku
Keywords: COVID-19 ; inner-EU relations;
Summary/Abstract: The post-communist states of Central and Eastern Europe, including the Czech Republic, joined the European Union at a time of peak globalization and the dominance of the so-called Washington Consensus policies. However, the global economic crisis of 2008 soon showed that these policies had their limits. Liberalization, deregulation, strict fiscal policy, and the relocation of factories to poorer continents did not improve the living standards of the poorer segments of the Western population, which led to an increase in the popularity of state interventions and nationalist approaches to economic policy. Events of the next decade and a half further strengthened the established trend towards deglobalization and securitization of world trade. The COVID-19 pandemic and Russian aggression in Ukraine revealed the fragility of global value chains and motivated states to strengthen their domestic industrial capacities. The ongoing race for dominance in the field of green and digital technologies and China’s growing ambitions, in turn, fueled tensions in global trade relations.

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