Strategic capitalism, strategic autonomy and Australia

The Biden administration will be unable to avoid continuing America’s fierce competition with China. It also will find that, like-minded and democratic or not, most states will have distinct national interests and will seek to act autonomously, dancing between the feet of the battling giants, trying to extract or leverage the best price for their allegiance and alignment in the Chinese-US competition. With a deep past investment in the US hegemony, Australia is awkwardly placed as this new age of strategic capitalism unfolds.

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Mike Pompeo urges working together to address Turkey, Donald Trump considers a strike on Iran

In Paris on Monday,16 November 2020, US Secretary of State Mike Pompeo said that the US administration and Europe need to work jointly on addressing recent “aggressive” actions led by Turkey – before continuing his 7-country tour, landing in Istanbul on Monday night. In Washington, a US official confirmed that last week US President Trump considered a strike on Iran’s main nuclear facility.

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Global order in the shadow of coronavirus: China, Russia and the West (Lowy)

The coronavirus pandemic has thrown a harsh spotlight on the state of global governance. Faced with the greatest emergency since the Second World War, nations have regressed into narrow self-interest. The concept of a rules-based international order has been stripped of meaning, while liberalism faces its greatest crisis in decades. In this Lowy Institute publication, the French Institute for International Relations (IFRI)’s Bobo Lo argues that it’s time to rethink global governance and its priorities.

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The future of multilateralism and strategic partnerships (Elena Lazarou)

The current European Commission has set the defence and reform of multilateralism as one of its key priorities. In this ideas paper from the EU Parliament’s Research Service, Elena Lazarou tackles the question of how to achieve the EU’s objective in an environment where coronavirus has exacerbated the struggle to uphold multilateralism in a climate of growing nationalism, protectionism and rising great power competition.

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The weaponisation of the US financial system (Jacque Delors Centre)

Author: Edward Knudsen | Jacque Delors Centre | 4 June 2020 In order to fulfil its ambition to become a credible geopolitical player and to defend its interests and values abroad, it is critical for the EU to be able to withstand extraterritorial sanctions Edward Knudsen argues that European economic autonomy depends on displacing the US from the central role in international finance and recommends a strategy for strengthening the euro as an international currency.

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Central Europe map

Voices of Central and Eastern Europe: Perceptions of democracy & governance in 10 EU countries (Globsec)

A survey of Central and Eastern European countries exposes the shallow roots of liberal democracy, with significant numbers indicating that they would trade off democratic freedoms for greater security, welfare, and preservation of traditional values. In only half of surveyed countries would a majority of the respondents choose liberal democracy over an autocratic leader.

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Serbian democracy: a case of state capture? (BCSP)

The Belgrade Centre for Security Policy (BCSP) has produced a disturbing report on what it describes as the “deliberate political undertaking in which political actors use the consequences (both real and imagined) of the previous government as justification for the complete capture of the state’s institutions” in Serbia. At a time when the EU is struggling to live up to its core political values, the Serbian government’s commitment to the rule of law and separation

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Lessons from a global crisis: coronavirus, the international order and the future of the EU (Pol Morillas)

The coronavirus crisis may turn out to be a bump in the road for recent international dynamics. After a period of hibernation in the major global economies, perhaps life will return to normal, the storm weathered thanks to stimulus plans, and the world will once again be flat and hyperconnected. Alternatively, coronavirus may be a turning point in the era of globalisation.

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Strategic rivalry between United States and China: causes, trajectories, and implications (SWP)

An insightful paper that seeks a strategy for Europe ‘to escape the bipolar logic that demands it choose between the American and Chinese economic/technological spheres’. The recommendations for Europe should resonate equally in Australia – a country already caught up in the global competition for influence, and likely to be subject to ‘increased pressure from Washington on its allies to take a clear position on the sharpening US-China conflict and clearly side with the United States’.

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DGAP: Deterrence and defense in times of COVID-19 – Europe’s political choices

In this policy brief from the German Council on Foreign Relations, the authors suggest that the COVID-19 pandemic could see Europe heading for a much deeper recession than the economic downturn after the 2008 financial crisis. To avoid a devastating impact on national defense sectors the brief argues that governments can acs to mitigate the effect on defense – but that to safeguard political and defense priorities, EU and NATO States need to act jointly and decisively.

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Geostrategic shifts in a time of contagion

The COVID-19 crisis will affect the global geostrategic situation in a number of ways. Economic conditions within nation states and across the globalised world will have shifted; governments will be juggling austerity policies, tax increases and welfare demands. Liberal and democratic values, and confidence in political leadership, are likely to have suffered. And internationally, the future geostrategic situation could turn on whether China or the US bounces back best from the current predicament.

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EU Parliament Think Tank: The Economy and the Coronavirus

This paper provides a summary of the recent Standard & Poor’s (S&P) economic forecast for the euro area (assessing the effects of the COVID-19 outbreak); some recent analyses of the macroeconomic effects of the coronavirus; and some policy recommendations made in the public domain to mitigate these negative effects. The S&P summary On Thursday, 26 March, the credit-rating agency Standard & Poor’s (S&P) published an economic forecast for the euro area and the UK, assessing

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Frank Hofmann: Coronavirus and the ego trap -individual countries trying to go it alone is totally counterproductive

In a Deutsche Welle opinion piece published 23 March 2020, Frank Hofmann calls for recognition by European and international leaders that multilateral crises cannot be resolved unilaterally; for political leaders to realise that they have an obligation to reverse the relapse into unilateral answers to the coronavirus crisis; and for resistance to the pursuit of policies of discrediting the work of international institutions by nationalists and populists throughout the world. He notes that there was

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