Diplomatic Realisation of the EU’s “Geoeconomic Pivot”: Sanctions, Trade, and Development Policy Reform
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://doi.org/10.17645/pag.v10i1.4739 |
Resumo: | At a time when policymakers of the European Union (EU) are pivoting towards a more assertive use of economic power in external relations, this article discusses the merits of situating the much-debated use of economic sanctions and other economic power-based instruments in the broader terminology of EU diplomatic capabilities. Pointing out a number of shortcomings in traditional literature on geoeconomics and economic statecraft, the article applies the concept of “geoeconomic diplomacy” to demonstrate how the EU’s geoeconomic success will heavily depend on the abilities of diplomats and civil servants from institutions and member states to engage in viable relationships with relevant public and private actors in the state-market realm. Based hereon, it identifies institutional and context-specific challenges that could affect the comprehensive realisation of recent EU policy reforms relevant to the geoeconomic agenda: (a) institutional measures to ensure a more robust enforcement of sanctions, (b) a new anti-coercion instrument to counter coercive trade practices by third countries, and (c) a more efficient, focused, and strategic utilisation of EU development funds for purposes of stability and peace. The article concludes by discussing the prospects for bringing such instruments closer together at the level of practical implementation through the establishment of stronger relationships between practitioners working across the EU’s various geoeconomic intervention areas. |
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Diplomatic Realisation of the EU’s “Geoeconomic Pivot”: Sanctions, Trade, and Development Policy Reformanti-coercion; development policy; economic statecraft; European Union; geoeconomic diplomacy; sanctions; stabilisationAt a time when policymakers of the European Union (EU) are pivoting towards a more assertive use of economic power in external relations, this article discusses the merits of situating the much-debated use of economic sanctions and other economic power-based instruments in the broader terminology of EU diplomatic capabilities. Pointing out a number of shortcomings in traditional literature on geoeconomics and economic statecraft, the article applies the concept of “geoeconomic diplomacy” to demonstrate how the EU’s geoeconomic success will heavily depend on the abilities of diplomats and civil servants from institutions and member states to engage in viable relationships with relevant public and private actors in the state-market realm. Based hereon, it identifies institutional and context-specific challenges that could affect the comprehensive realisation of recent EU policy reforms relevant to the geoeconomic agenda: (a) institutional measures to ensure a more robust enforcement of sanctions, (b) a new anti-coercion instrument to counter coercive trade practices by third countries, and (c) a more efficient, focused, and strategic utilisation of EU development funds for purposes of stability and peace. The article concludes by discussing the prospects for bringing such instruments closer together at the level of practical implementation through the establishment of stronger relationships between practitioners working across the EU’s various geoeconomic intervention areas.Cogitatio2022-01-26info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://doi.org/10.17645/pag.v10i1.4739oai:ojs.cogitatiopress.com:article/4739Politics and Governance; Vol 10, No 1 (2022): Beyond Foreign Policy? EU Sanctions at the Intersection of Development, Trade, and CFSP; 5-152183-2463reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAPenghttps://www.cogitatiopress.com/politicsandgovernance/article/view/4739https://doi.org/10.17645/pag.v10i1.4739https://www.cogitatiopress.com/politicsandgovernance/article/view/4739/4739Copyright (c) 2022 Kim B. Olsenhttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessOlsen, Kim B.2022-12-22T15:16:47Zoai:ojs.cogitatiopress.com:article/4739Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:22:29.149760Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Diplomatic Realisation of the EU’s “Geoeconomic Pivot”: Sanctions, Trade, and Development Policy Reform |
title |
Diplomatic Realisation of the EU’s “Geoeconomic Pivot”: Sanctions, Trade, and Development Policy Reform |
spellingShingle |
Diplomatic Realisation of the EU’s “Geoeconomic Pivot”: Sanctions, Trade, and Development Policy Reform Olsen, Kim B. anti-coercion; development policy; economic statecraft; European Union; geoeconomic diplomacy; sanctions; stabilisation |
title_short |
Diplomatic Realisation of the EU’s “Geoeconomic Pivot”: Sanctions, Trade, and Development Policy Reform |
title_full |
Diplomatic Realisation of the EU’s “Geoeconomic Pivot”: Sanctions, Trade, and Development Policy Reform |
title_fullStr |
Diplomatic Realisation of the EU’s “Geoeconomic Pivot”: Sanctions, Trade, and Development Policy Reform |
title_full_unstemmed |
Diplomatic Realisation of the EU’s “Geoeconomic Pivot”: Sanctions, Trade, and Development Policy Reform |
title_sort |
Diplomatic Realisation of the EU’s “Geoeconomic Pivot”: Sanctions, Trade, and Development Policy Reform |
author |
Olsen, Kim B. |
author_facet |
Olsen, Kim B. |
author_role |
author |
dc.contributor.author.fl_str_mv |
Olsen, Kim B. |
dc.subject.por.fl_str_mv |
anti-coercion; development policy; economic statecraft; European Union; geoeconomic diplomacy; sanctions; stabilisation |
topic |
anti-coercion; development policy; economic statecraft; European Union; geoeconomic diplomacy; sanctions; stabilisation |
description |
At a time when policymakers of the European Union (EU) are pivoting towards a more assertive use of economic power in external relations, this article discusses the merits of situating the much-debated use of economic sanctions and other economic power-based instruments in the broader terminology of EU diplomatic capabilities. Pointing out a number of shortcomings in traditional literature on geoeconomics and economic statecraft, the article applies the concept of “geoeconomic diplomacy” to demonstrate how the EU’s geoeconomic success will heavily depend on the abilities of diplomats and civil servants from institutions and member states to engage in viable relationships with relevant public and private actors in the state-market realm. Based hereon, it identifies institutional and context-specific challenges that could affect the comprehensive realisation of recent EU policy reforms relevant to the geoeconomic agenda: (a) institutional measures to ensure a more robust enforcement of sanctions, (b) a new anti-coercion instrument to counter coercive trade practices by third countries, and (c) a more efficient, focused, and strategic utilisation of EU development funds for purposes of stability and peace. The article concludes by discussing the prospects for bringing such instruments closer together at the level of practical implementation through the establishment of stronger relationships between practitioners working across the EU’s various geoeconomic intervention areas. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-01-26 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://doi.org/10.17645/pag.v10i1.4739 oai:ojs.cogitatiopress.com:article/4739 |
url |
https://doi.org/10.17645/pag.v10i1.4739 |
identifier_str_mv |
oai:ojs.cogitatiopress.com:article/4739 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://www.cogitatiopress.com/politicsandgovernance/article/view/4739 https://doi.org/10.17645/pag.v10i1.4739 https://www.cogitatiopress.com/politicsandgovernance/article/view/4739/4739 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2022 Kim B. Olsen http://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2022 Kim B. Olsen http://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Cogitatio |
publisher.none.fl_str_mv |
Cogitatio |
dc.source.none.fl_str_mv |
Politics and Governance; Vol 10, No 1 (2022): Beyond Foreign Policy? EU Sanctions at the Intersection of Development, Trade, and CFSP; 5-15 2183-2463 reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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