Policy Paper
The EU, US and Asia. Economy as a Weapon?
Filippo Fasulo
Contributions by: Philippe Le Corre Ilaria Mazzocco Shino Watanabe
Table of Contents
IN BRIEF 4
WHAT'S AT STAKE 7
ASIA TAKES THE LEAD (AND EUROPE LAGS BEHIND) 7
1. What happened 7
2. Confrontation beyond competition 9
3. Confrontation on the rise (especially in key sectors) 11
BOX 1 - EUROPE'S CHINA-LITHUANIA MOMENT 12
PLANS AND POLICIES 18
Industrial Plans in Europe and the US 18
European Union 18
United States 22
BOX 2 - BIDEN'S DILEMMA:
CAUGHT BETWEEN ENERGY TRANSITION AND STRATEGIC RISKS 25
Asian countries taking the lead in critical sectors 27
Taiwan 27
Japan 28
South Korea 29
India 31
Cooperation Beyond Competition 32
BOX 3 - JAPAN'S INITIATIVE TO SECURE
SUPPLY CHAINS AND ITS CHALLENGES 34
EXPLORING OPTIONS 37
NOTES 41
ABOUT THE AUTHORS 45
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