New Books in Economics

Andreas Fulda, "Germany and China: How Entanglement Undermines Freedom, Prosperity and Security" (Bloombury, 2024)

14 snips
Jun 22, 2024
Andreas Fulda, Associate Professor and author of 'Germany and China: How Entanglement Undermines Freedom, Prosperity and Security,' discusses Germany's dependencies on China in economics, technology, politics, and academia. They delve into blind spots in policy making, implications for national security and sovereignty, and warn about the entanglements as a cautionary tale for democratic states.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

Encroachment on Sovereignty

  • Germany's fear of Chinese retaliation led to low tariffs on solar panels, damaging the industry.
  • Similar patterns emerged with KUKA's takeover and Huawei's 5G inclusion, limiting German sovereignty.
INSIGHT

Conglomerates' Dependence

  • German conglomerates, seen as "too big to fail," may expect government bailouts in a crisis.
  • This discourages them from diversifying and reducing their reliance on the Chinese market.
INSIGHT

Germany's Complicity

  • Germany's strategic blindness allowed the CCP to exploit vulnerabilities and gain leverage.
  • This complicity in its own predicament makes pushing back against CCP influence difficult.
Get the Snipd Podcast app to discover more snips from this episode
Get the app