Geo-economic Interconnectivity Index (GEOII)

Client/Funding Institution

Bertelsmann Stiftung

Abstract

The Geo-economic Interconnectivity Index (GEOII) is part of the Bertelsmann Stiftung's project "Sovereign Europe: Strategic Management of Global Interdependence” and builds upon the research conducted in collaboration with the Vienna Institute for International Economic Studies (wiiw) and European Center for International Political Economy (ECIPE), to measure economic interconnectivity of the EU and other powers with the EU neighbouring countries. The focus of the “Sovereign Europe” project and its continuation with the index is to explore how the EU can consolidate and expand its influence in its neighbourhood amid increasing geopolitical rivalry and blocs formation. The aim is to align relations with the EU’s political interests and values, thereby strengthening its role as a global player. This index aims to capture the dynamics of geoeconomic influence and shifts in the balance of power within the region. Its core objective is to track changes in economic ties in various sectors over time and their implications for the EU's relative influence. To this end, the index measures and evaluates the economic interconnectivity of the EU with its neighbouring countries, focusing on the bilateral flow of goods, services, and finances, as well as policies that hinder or promote this exchange. The index compares the EU´s interconnectivity with that of the US, China, and Russia in the same region, providing an evidence-based picture of the intensity and development of interconnectedness while disclosing annual differences (deltas) in the data .

Duration

July 2024 - April 2025

wiiw team Leader

Olga Pindyuk

wiiw Staff

Vasily Astrov, Alexandra Bykova, Corinna Covi, Gentian Gashi, Meryem Gökten, Richard Grieveson, Ioannis Gutzianas, Branimir Jovanović

Publications

External Publications

The Geoeconomic Interconnectivity Index
The Geoeconomic Interconnectivity Index: Measuring the EU's Economic Ties with Its Neighbours Against Those of the US, China and Russia (2010-2023)

Keywords: geo-economics, interconnectivity, international trade, global value chains, critical raw materials, ICT, trade agreements, investment agreements, external debt, foreign direct investment, trade sanctions, financial sanctions, import tariffs, non-tariff measures, trade restrictions, data regulatory frameworks, arms transfer, EU, US, China, Russia, EU neighbours

Research Areas: Other

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