EU interconnectivity with its neighbouring regions

Client/Funding Institution

Bertelsmann Stiftung

Abstract

Russia’s invasion of Ukraine has marked the start of a new geo-economic era for the EU. Against this background, this study aims to gain a better understanding of the geo-economic challenges that the EU faces in its neighbourhood. It set out to measure the interconnectivity between the EU and its neighbouring countries and to compare these interconnections with those of the EU’s peers and rivals: the US, China and Russia. The authors seek to identify and measure the extent of these interconnections in five key areas (trade, finance, technology and know-how, infrastructure and labour mobility), to draw out the key geo-economic implications for the EU, and to propose a set of policy recommendations for the EU’s future engagement with its neighbourhood. The study was undertaken jointly by wiiw and Bertelsmann Stiftung.

Duration

November 2021 - February 2023

wiiw team Leader

Richard Grieveson

wiiw Staff

Vasily Astrov, Beata Borosak, Branimir Jovanović, Isilda Mara, Olga Pindyuk, Oliver Reiter

Publications

External Publications

Publication by Bertelsmann Foundation, February 2023

Countries covered: China, CIS, EU, MENA, Russia, SEE, Turkey

Research Areas: Macroeconomic Analysis and Policy

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