Competitiveness and Economic Resilience of the European Union: Opportunities and Challenges for the EU in the Context of Global Tensions

The European Union is navigating the complexities of global confrontations. Russia’s attack on Ukraine and efforts to reduce Russia’s ability to sustain its aggression have upended global trade relations. It has also transformed Europe’s energy security strategy and caused shifts in global energy markets. The Covid-19 pandemic highlighted critical vulnerabilities in our supply chains, which are further intensifying amidst the growing rivalry between the United States and China. Strong national security frameworks now underpin economic planning, global trade and investment strategies. The EU needs to be constantly assessing the impact of conflicts on its economy and look for new ways to ensure its competitiveness and economic resilience. Stronger and more refined partnerships will be a necessary component of the EU competitiveness and resilience strategy. That includes countries that aspire to join the Union. What is the economic impact of the war in Ukraine and other conflicts on European economy? How are global tensions redefining the framework of European competitiveness? What opportunities arise from deeper cooperation with Ukraine or countries in the Western Balkans?