Research
The pandemic has motivated states to move away from liberal trade policy and engage in advanced contracts or introduce legislation that prioritises the domestic market. It also made companies realise that they do not have a full grasp of their production chain – leaving many in sudden supply shortages, when a seemingly irrelevant market introduced a lockdown affecting the industrial output. The recent acceleration in political involvement in economic practices and rising awareness of long value chains is, however, part of a broader trend – only inflated by the pandemic and populism.
In this short op-ed for HCSS, Dawid Walentek, post-doctoral researcher at the University of Warsaw, analyzes the Strategy and Pitfalls of the EU Economic Sanctions, ahead of the debate on the EU Anti-Coercion Instrument.
