This episode looks at how Germany’s trade and economic model became so entangled with authoritarian countries that – at best, don’t share the country’s stated values, and, at worst – are active threats to German, European, and global security. Whether it’s how vulnerable Germany became due to its dependence on Russian gas or its current reliance on Chinese-produced solar panels – Germany has long underpriced and underappreciated the security risks of trade links with these countries. It has also often ignored warnings from allies about these risks.
We speak with our guests on the nature of these geoeconomic relationships and risks – and whether focusing more on trading with friendly countries – or “friendshoring” - can help address them, as well as about how Germany can be a better team player in Geo-economics.
Guests:
- Dr. Claudia Schmucker, Head of the Center for Geopolitics, Geoeconomics and Technology, DGAP
- Sander Tordoir, Senior Economist, Centre for European Reform (@SanderTordoir)
Resources:
- Germany, Russia, and the Rise of Geo-economics, Stephen Szabo
- Is Canada Ready to Pay a “National Security Premium”?, Aaron Gasch Burnett, Open Canada
- Has the IMF’s Lending Become Too Expensive For Its Own Good? The Case For A Lending Rate Cap, Sander Tordoir, CER
- EXPLAINED: Why is Olaf Scholz’s stance on China so controversial in Germany?, Aaron Gasch Burnett, The Local Germany
- Germany needs a new growth model, Sander Tordoir and Shahin Vallee, CER
- Why the EU can be tougher on China, Sander Tordoir and Zach Meyers, Centre for European Reform
- A turning point for EU trade policy after Russian aggression?, Claudia Schmucker and Clemens Kober
- China-Strategie: Das Mercosurabkommen abschließen! (in German), Veronika Grimm, Claudia Schmucker and Guntram Wolff
- EU-Kommissionsvizin bereitet die Europäer auf dauerhaft hohe Preise vor (in German), Christoph Herwartz, Handelsblatt
- Remarks by National Security Advisor Jake Sullivan on Renewing American Economic Leadership at the Brookings Institution
- Transcript: US Treasury Secretary Janet Yellen on the next steps for Russian sanctions and ‘friend-shoring’ supply chains
- Germany Learns to be a Team Player, Benjamin Tallis, Politico