Theory Seminar: The prospects for Chinese leadership in an age of upheaval
Srdjan Vucetic will discuss his latest paper on China’s possibilities in a time where the relationship between the West and USA is more uncertain than before.
Conclusions: What Has the EU Achieved, and What Is in the Offing?
This chapter sums up the main findings and looks into challenges the EU will face in the future. This volume examines and addresses several questions dealing with the EU ability to project various types of soft and hard power in EU’s interaction with external energy suppliers and member states and their responses. The second part focuses on the future challenges in the field of energy and is based on examination of some scenarios for development of the global energy system, the EU’s own understanding of future challenges in the field of energy and finally on examination of the WEF assessment of risks and trends that may influence future developments.
New Political Economy of Energy in Europe. Power to Project, Power to Adapt
This edited collection details and analyses the dramatic changes that the international political economy of energy has undergone in the past decade. This change began with the increasing assertiveness of Russia when the oil price rose above the $100 mark in 2008. This, combined with the rise of shale oil and gas, made the USA all but self-sufficient in terms of fossil fuels. The collapse of the oil price in 2014-15, Saudi Arabia’s new strategy of defending its market share and the increasingly tense and controversial relationship between the West and Russia all worked to further strengthen the geopolitical dimension of energy in Europe. The global result is a world in which geopolitics play a bigger part than ever before; the central question the authors of this volume grapple with is how the EU – and European small states – can deal with this.
EU, China and the trade war
At this seminar, we will take a closer look at EU’s trade, investment and intellectual property rights policies related to China.
Balancing between integration and autonomy. Understanding the drivers and mechanisms of EU's foreign, security and defense policy (EUFLEX)
The project will investigate the ongoing process towards differentiated integration in European foreign, security and defence policy....
PODCAST: Democratic capitalism in crisis?
Wolfgang Streeck explains what he means when he says that that democratic capitalism is in crisis – and shares his take on how the crisis evolved.
Did China Bankroll Russia’s Annexation of Crimea? The Role of Sino-Russian Energy Relations
This chapter is an empirical analysis of energy cooperation between China and Russia, centred on the Ukrainian crisis as a defining event of the partnership. Despite China’s officially neutral political stance on Crimea, the increased frequency of meetings to discuss joint energy projects and the signing of the largest energy deal in world history created the impression that China actively stepped in and supplied the necessary financing to get Russia through sanctions over Crimea and the oil price collapse of 2014–2016. The chapter assesses this hypothesis by examining the long-term trends in lending, investments and trade trends between the two countries, and by taking a closer look at Chinese involvement in four concrete energy projects managed by some of the main Russian energy companies: Power of Siberia, Yamal LNG, Vankor and ESPO. While there is evidence of increased Chinese investments in Russia and a surge of Russian oil imports to China after the annexation, the authors conclude that China was not the major force keeping Russia’s wheels turning during the pre- and post-Crimea years. The involvement of China in the major Russian energy projects was planned and negotiated long before the annexation of Crimea. The authors therefore argue that China did not step in to bankroll Russia after Crimea, instead long-term trends in cooperation simply continued. On the other hand, clearly the long-term growth in cooperation between the two countries reduces Russia’s dependency on the West and provides greater elbowroom for its foreign policy.
Free Trade Agreements and Globalisation. In the Shadow of Brexit and Trump. (E-book)
The book provides a comprehensive analysis of free trade agreements (FTAs); their number, content and impact. It examines trade and FTAs for the whole world, split into seven major regions. The book presents a new numerical model of world trade, with results from 110 countries and regions. The results shed light on the impact of FTA, as well as the growth of China and the value of trade in general. The book also contains analysis of the sub-regional impact of trade and trade policy for large nations. It also includes some teaching material.
Free Trade Agreements and Globalisation. In the Shadow of Brexit and Trump.
The book provides a comprehensive analysis of free trade agreements (FTAs); their number, content and impact. It examines trade and FTAs for the whole world, split into seven major regions. The book presents a new numerical model of world trade, with results from 110 countries and regions. The results shed light on the impact of FTA, as well as the growth of China and the value of trade in general. The book also contains analysis of the sub-regional impact of trade and trade policy for large nations. It also includes some teaching material.
Feeding India: Poverty, prices and value chains
With India’s massive poverty, food issues rank high on the policy agenda, including food consumption and food prices, and the income and power distribution along the food value chains. In recent work, NUPI researchers and partners have shed new light on key issues in the field.