Geo-economics and the risks of economic fragmentation: Implications for the EU and its capital market

Published in 
CEPS - Centre for European Policy Studies 1 Place du Congrès / Congresplein 1000 Brussels

In today's rapidly evolving global landscape, geo-economics and the risks of economic fragmentation have become central to the debate. Recent events, from the COVID-19 pandemic to the Russian invasion of Ukraine, have unveiled the depth of global interdependence and the complex web of trade linkages, value-chain exposure, and cross-border investment. The risks associated with supply-chain disruptions and the weaponisation of trade dependencies, amidst escalating conflicts and trade tensions, also threaten to reconfigure also capital flows, particularly foreign direct investment (FDI). 

This event will first shed light on recent developments in global capital flows, with a particular focus on the EU. It will then discuss the potential relocation of FDI and the risks of structural decline in inward EU FDI. Such shifts could have profound impacts. As one of the most significant sources and destinations of cross-border investments, the EU's role as a global actor and its prosperity are closely tied to these dynamics. 

Join us for a deep dive into how these trends could reshape the economic landscape and what they mean for the EU and its capital market. 


  • Cinzia Alcidi, CEPS 
  • Sergio Masciantonio, DG FISMA

Moderated by Karel Lannoo, ECMI and CEPS.

This event is exclusive to ECMI, ECRI and CEPS members.