Over a geopolitical risk and economic volatility; how is day and a half, the conference brought together rapid technological change defining the economic leading policymakers, business executives and security agenda; and how is a country like Australia independent experts from around the world to positioned to support both energy security and the discuss arguably the defining economic policy green. [...] The tention to push the United States out of its role as the period since China’s entry into the World Trade Or- dominant military power in the Indo-Pacific region; ganization (WTO) in 2001 captures the initial prom- strategies designed to align other countries with ise and ultimate dashing of US hopes regarding the China’s objectives (e.g. [...] The challenge is one of balancing chain dependencies, risks to critical infrastructure different logics in the context of a “paradigm shift” and the risk of the weaponisation of economic which has seen higher governance priority on secu- dependencies. [...] The “promote” pillar aims to build the resilience and competitiveness of the EU’s industrial and technol- ogy base; the “protect” pillar aims to mitigate risks Economic security in a turbulent world: Conference summary 23 Conference dinner panel Fusing security and economic interests: Practitioners’ perspectives At the conference dinner, Dr Michael Green of the foreign investment risks while prese. [...] Microsoft is part of the technology and collaboration National AI Research Resource in the United States, a government-private sector partnership between governments and the designed to make the best AI resources accessible to academics and researchers.
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Table of Contents
- Economic security in a turbulent world Conference summary 1
- Table of contents 3
- Foreword 2 3
- Conference program 3 3
- Welcome and opening remarks 6 3
- Session 1 Geopolitical turmoil and the search for economic security 8 3
- Session 2 Economic security strategies in practice Whos doing what 10 3
- Session 3 US-China economic competition An insiders perspective 12 3
- Keynote address Economic policy in a changing world 14 3
- Session 4 Political risk and global shocks What keeps C-suites up at night 16 3
- Session 5 Economic statecraft in an age of strategic competition 18 3
- Session 6 Global economic governance Where to for the rules-based order 20 3
- Conference dinner panel Fusing security and economic interests Practitioners perspectives 24 3
- Session 7 Technology dynamics disruption and re-risking The security-prosperity nexus 26 3
- Session 8 Indo-Pacific energy security and Australias role in the energy transition 29 3
- Session 9 Reconciling security and prosperity Whats at stake in 2024 31 3
- In the media 33 3
- Appendix A Audience polling on economic security risks 34 3
- About the authors 36 3
- Foreword 4
- Global economic relations and policies are being recast for a more fractured and contested world with the tension between security and prosperity greater now than it has been for generations. 4
- Conference program 5
- Welcome and opening remarks 8
- In a world where national security is more reliant on advanced technology economic security matters more than ever. 8
- Geopolitical turmoil and the search for economic security 10
- At the outer limit economic security can become whatever governments define it to mean. 10
- Economic security strategies in practice Whos doing what 12
- China has an important say in what constitutes a small yard high fence given its vast whole-of-society toolbox unconstrained by democratic checks and balances. 12
- US-China economic competition An insiders perspective 14
- The US-China relationship today is more complex and challenging than at any time since the normalisation of relations in 1979. 15
- Economic policy in a changing world 16
- Political risks and global shocks What keeps C-suites up at night 18
- The benign investment environment of the past 20 to 30 years characterised by declining interest rates and free movement of trade capital and labour is over. 19
- Economic statecraft in an age of strategic competition 20
- Military power and economic power need to work in tandem. 20
- Global economic governance Where to for the rules-based order 22
- Globalisation and open markets are drivers of productivity and economic growth while deglobalisation decoupling or economic fragmentation would make us all poorer. 22
- Economic security cannot be used as a blank cheque. We must strike the right balance between restricting trade for security concerns and preserving the rules-based system. 23
- Europes economic security strategy A view from Brussels 25
- Fusing security and economic interests Practitioners perspectives 26
- The time has come to use existing mechanisms to fix the problem around critical minerals supply chains which means money on the table and moving to action. 27
- Technology dynamics disruption and de-risking The security-prosperity nexus 28
- A strong latticework underpinned by secure technology and collaboration between governments and the private sector is essential to regional stability. 29
- US strategy is to shock the shape of critical technology supply chains into a more desirable configuration. 29
- Indo-Pacific energy security and Australias role in the energy transition 31
- Globalisation is not over but it has fragmented. The fragmentation is clear in energy markets. 31
- The world will need more metals and minerals in the next 30 years than we have used in the past 70000 years. 32
- Reconciling security and prosperity Whats at stake in 2024 33
- The international context is already fusing security and economic issues all the time. 33
- In the media 35
- Treasury secretary Steven Kennedy backs strong guardrails for Made in Australia plan 35
- Chris Bowens department talks up its influence over foreign policy 35
- Public service chiefs reveal how national security has been redefined 35
- National security will we be safe or sorry 35
- Chinas predatory tactics justify critical mineral subsidies Kennedy 35
- Why our spooks and economists are teaming up to manage China 35
- Audience polling Ranking risks in a turbulent world 36
- Key takeaways 36
- About the authors 38
- Dr John Kunkel 38
- Georgia Edmonstone 38
