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Special Ep. - Europe’s right turn: A threat to trade?
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In this special edition of Current Accounts, the Hinrich Foundation’s podcast on global trade, the US Association of Foreign Press Correspondents sits down with Keith Rockwell, Senior Research Fellow at the Hinrich Foundation, to discuss the future of Europe’s trade dynamics in light of its shifting political landscape.
While the recent elections in Europe have not yet led to significant shifts in its trade and business landscape, the steady rise of far-right parties is setting the stage for future upheavals. These political movements challenge the very foundation of the European Union’s (EU) single market, which is built on free movement and multilateral cooperation. The Hinrich Foundation’s recent research examines how the surge in nationalism is driving new divisions within Europe, potentially undermining the region’s commitment to open borders and international trade. As these parties strengthen their foothold, their push for protectionist policies could reshape the flow of talent and capital, affecting not just trade but also the broader integration of European economies.
Some right-wing factions, especially in countries like France and Germany, are adopting pro-business approaches, tempering their traditionally anti-trade rhetoric to appeal to a broader electorate. However, this shift may be more tactical than permanent, as the underlying nationalist and protectionist ideals remain deeply embedded in these movements. The growing influence of such ideologies across Europe raises questions about the long-term stability of trade and economic policies within the EU.
Tune into this special episode as Keith Rockwell, Senior Research Fellow at the Hinrich Foundation, discusses the rising influence of far-right parties across Europe and its potential impact on the region’s trade policies, immigration, and the core principles of the EU.
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