Economic-security-policies-compared-The-United-States-its-allies-and-partners

FACT SHEET September 2024 Georgia Edmonstone Economic security policies compared: The United States, its allies and partners There is a growing trend of economic security policies in the United States, Australia, and their allies and partners. [...] The unique economic and security concerns, interests and priorities of these individual countries and groups mean they each adopt slightly different policy approaches: ■ The United States is focusing on strategic competition with China and investing in its own com- petitiveness. [...] It has proposed using industrial policy and screenings on inbound and outbound investment. [...] ■ South Korea’s import-dependencies and economic coercion experiences make it concerned with supply chain security and subsidising supply chain diversification. [...] The trend towards considering economic security in policymaking is happening across the United States and its partners.