DEBATE: The European Chips Act — Mission (Im) Possible? 

By Lena Eisenreich. After her semesters in Strasbourg, Kraków and Udine she is now writing her thesis about Youth Lobbying in Strasbourg. She holds a BA in European Business. Recently she was gathering Sales experience from the automotive industry towards Big Tech. Currently, she is involved in various think-tanks such as European Horizons as a Director of Sponsorships and Fundraiser for Culture Solutions.

This article belongs to our new DEBATE series. These are thought-provoking articles meant to start important conversations. We encourage all readers to write their thoughts to our email. We will then publish responses to this article and create a chain of debate pieces on this website.

“Let’s be bold again, this time with semiconductors,” declared Ursula von der Leyen in her State of the Union Speech to introduce the European Chips Act. In an increasingly interconnected world, global events such as the pandemic and the ongoing (trade) wars have worsened the EU’s supply chain challenges. The race to secure a sustainable and resilient supply chain is hastening with geopolitical risks of tech dependencies increasing. In the backbone of our supply chains lays an indispensable good, which is the “lifeblood of modern society:” microchips or semiconductors. Described as the ”new oil of our economy,” life without these little chips the size of a large grain of rice is unthinkable. They are essential to power smartphones, computers, cars and even medical devices, fridges, and dishwashers won’t function. 

Continue reading “DEBATE: The European Chips Act — Mission (Im) Possible? “

Asian or Eurasian Century? The Emergence of a Media Trend or a Multipolar world

 

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Russia is the world’s largest country in landmass and China the largest in population

Daniele Carminati

The Asian Century is a debated concept which posits the idea that the 21st century will be led by the Asian continent from an economic, political, and cultural perspective. Supposedly, the previous 19th and 20th centuries, have been the British (European) and the American centuries respectively. The Asian Development Bank is so confident of such an accomplishment that it published a report in 2011 titled “Asia 2050: Realizing the Asian Century.”

The plausibility of such development is disputed, especially when considering that the main actor of this transformation, China, appears to be experiencing an economic downturn for the first time in quite a number of years.

The implications are plentiful and, unsurprisingly, global. Yet this article aims to move one step beyond the above discussion. Over the past few weeks, several articles have focused on the possibility of a shift of power in Eurasia, from different angles. The first piece, “Black Wind, White Snow: Imagining Eurasia” by Casey Michel was published on The Diplomat website, which referred to a recently released book reflecting on the Russian concept of “Eurasianism.” The notion was apparently coined, or at least, co-opted by the Kremlin and surrounding bodies as a way to promote and promise a brighter future to the disillusioned post-Cold war generations. The outcome of this attempt at normative construction has been mixed, according to Michel, but an overall aura of pessimism is perceivable across the book, suggesting that the imagined Eurasia may stay in the Kremlin’s mind.

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Military Parade in Russia’s Kremlin

Still, due to its strategic position and regional influence, it is crucial to consider the role of Russia in any potential Eurasian ‘coalition’.

The second and third articles tackle the issue from a more inclusive perspective and, perhaps startlingly, depict two opposite scenarios. The first one is from George Friedman, an expert in intelligence and international geopolitics, who wrote an article for Forbes claiming that the “Last time Eurasian Instability Was This Bad Was Before World War II”, describing several factors to justify such a dire prediction. A few examples are the supposed failure of the European Union, followed by the Russian and Middle Eastern crisis, in addition to the aforementioned slowdown in both China and Japan’s economies. The only exception, according to the author, is India, but that country alone will not be able to stop a ‘grand’ destabilization affecting the whole Eurasian continent.

Such a vision, in my opinion, is rather unconvincing, especially when considering the economic and geopolitical self-interest of the majority of the Eurasian countries. Their goal is, mostly, to pursue peaceful means of gain, being well aware that armed conflicts can bring far more disadvantages than benefits. A notable exception may be North Korea, for obvious reasons.

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Russia is by far the EEU’s biggest player and maybe its biggest benefactor

The last article, which I particularly enjoyed, provides a more optimistic view on the phenomenon. Graham E. Fuller, a former senior CIA official, wrote for The World Post (partner of the renowned Huffington Post) an article entitled “The Era of American Global Dominance Is Over.” Such a bold statement from an American citizen may sound preposterous to some. Yet it is another piece covering the position of Eurasia, seen as an increasingly relevant one in this article. The author recognizes that the term itself may remind the readers of a geographical feature more than a political one, Eurasia as a sole, vast landmass. The author sees it as more than that. The central reason why Fuller thinks that the US is failing to deal with Eurasia is its stubbornness in ignoring the mega-continent “rising force” which is attracting more and more nation-states to its sphere. The article then mentions several economic, military and political reasons that support the author’s well-articulated stance. Nonetheless, the recurring theme is that the current century has seen the demise of Western global dominance and that the US should accept it now in order to take advantage of such power shift, while is still happening.

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Barrack Obama, President of the United States of America meets Putin at the G20 Summit in China

This last article appears to be the most convincing when you look to the latest global developments. A change is indeed happening, and although it does not mean that the US is not going to occupy a predominant position, their position is certain to be less hegemonic.

The above articles may not follow a common pattern and they likely originated from different pitches. Still, they have all been published in the past few days which may be a peculiar coincidence or a hint of an upcoming geopolitical trend. Regardless of that, it is unquestionable that the current European situation may benefit from additional transcontinental collaborations and a more balanced, multipolar power redistribution may benefit all the global players in the long run.

Click here for more by Daniele Carminati.

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