The present day great-power contest between the United States and China is not fought on the traditional battlefield, but in the global economy. Economics has become a strategic means whereby both the US and China attempt to control the economic networks and links that connect the world. For companies around the world it introduces a new source of business risk – what can be called ‘geoeconomic risk’.
The speakers will present and discuss how three geoeconomic drivers – the securitization, the balkanization and the weaponization of the global economy – are potentially bringing about a new era of geoeconomic risk to the global economy and businesses operating in it.
The event introduces the first briefing paper of the project Europe Facing Great-Power Competition: Mapping Finland’s Risks and Options in the Geoeconomic Rivalry which is part of the Finnish Government’s analysis, assesment and research activities (VN-TEAS).