Geoeconomics – the pursuit by states of power politics using economic means – is the new reality in which European and global businesses operate. From financial sanctions and trade embargoes to rival state-sponsored technology theft and anti-competitive practices, European companies face an urgent need to understand, assess, anticipate and mitigate a whole new range of risks that are fundamentally different from ordinary market or regulatory risks.
As state actors play a central role in both enacting geoeconomic measures and responding to them, the need for new forms of public–private partnership and collaboration is likewise rising. To that end, this report develops a vision for a new collaborative tool – an international business risk and resilience monitor – which both corporations and public authorities could contribute to and use together to advance awareness of and preparedness for rapidly emerging risks to economic security.
