14:00 – 15:30 EEST
Workshop on Law, Geoeconomics, and the Breakdown of the International Rules-Based Order: Economic Lawfare Amid Rising “Geolegal” Rivalry
The workshop, part of the Helsinki Geoeconomics Week 2024, will address the intersection of law and geoeconomics amid rising global tensions. It will explore how major powers, particularly the U.S. and China, use legal strategies such as lawfare to achieve geopolitical objectives. Key themes include the mechanisms of economic lawfare, the impact on international norms, comparative analysis of U.S. and Chinese legal tactics, sectoral variations, responses by other states, and the implications for legal theory and practice. Presenters have been selected from responses to a Call for Papers published by the Series Editors of Springer Studies in Law & Geoeconomics, ensuring a diverse and comprehensive exploration of these critical issues.
Speakers
Malcolm Jorgensen, Max Planck Institute (co-chair)
Jens Hillebrand Pohl, FIIA (co-chair)
15:30 – 16:00 EEST
16:00 – 17:30 EEST
Workshop on Law, Geoeconomics, and the Breakdown of the International Rules-Based Order: Economic Lawfare Amid Rising “Geolegal” Rivalry
Speakers
Malcolm Jorgensen, Max Planck Institute (co-chair)
Jens Hillebrand Pohl, FIIA (co-chair)
18:30 EEST
Welcoming remarks by convenors followed by keynote address by Stefan Lindström and a reflection by Lauri Tähtinen
Speakers
Stefan Lindström, Finnish Ministry of Foreign Affairs
Jens Hillebrand Pohl, FIIA (co-convenor)
Lauri Tähtinen, CSIS
Mikael Wigell, FIIA (co-convenor)
08:30 – 09:00 EEST
09:00 – 10:30 EEST
Symposium: Who’s Afraid of Foreign Investment Screening?
In recent years, many advanced economies have tightened foreign investment screening mechanisms to restrict foreign takeovers in strategic sectors, driven by national security concerns and geopolitical tensions. This panel delves into the creation and utilization of a comprehensive database and a composite index for cross-country comparisons of Foreign Direct Investment (FDI) screening regimes. By analyzing these tools, the panel aims to highlight the heterogeneity in screening mechanisms across different countries and their varying impacts on international transactions. Discussions will cover the criteria and thresholds used in different jurisdictions, the procedural complexities faced by investors, and the broader economic and geopolitical implications of these policies. Through case studies and empirical data, the panel will illustrate how these screening regimes influence investment flows, the strategies of multinational corporations, and the global competitive landscape. The insights gained will be valuable for policymakers, investors, and scholars interested in the intersection of economic policy and international relations, providing a nuanced understanding of the balance between protecting national interests and fostering an open investment environment.
Speakers
Sarah Bauerle Danzman, Indiana University Bloomington (chair)
Violaine Faubert, Banque de France
Stephen Heifetz, Wilson Sonsini
Sophie Meunier, Princeton University
09:00 – 10:30 EEST
Programming Partner Session: Geoeconomics in the Northern Pacific
Private-sector and government perspectives on geoeconomic, particularly vis-à-vis trade and economic exposure to China, and shared perceptions of the actions of Western Europe and the United States.
Speakers
tbc
10:30 – 11:00 EEST
11:00 – 12:30 EEST
Welcoming remarks by the convenors, Mikael Wigell and Jens Hillebrand Pohl, FIIA, followed by a welcoming keynote by Risto Siilasmaa, founder F-Secure, WithSecure and First Fellow
Speakers
Jens Hillebrand Pohl, FIIA
Risto Siilasmaa, F-Secure, WithSecure and First Fellow
Mikael Wigell, FIIA
12:30 – 14:00 EEST
Luncheon hosted by The Geoeconomics Society
13:30 – 14:00 EEST
Book interview with Elisabeth Braw on her new book Goodbye Globalization: The Return of a Divided World (2024), interviewed by Lauri Tähtinen.
Speakers
Elisabeth Braw, Atlantic Council
Lauri Tähtinen, CSIS (interviewer)
14:00 – 15:30 EEST
The more armed forces rely on dual use technologies, which are at the center of today’s geoeconomic competition, the more this competition will affect defense capability development. Thus the discussion will address the interplay between defense industrial trends, technology development, and the increasing use of geoeconomic instruments such as import/export controls, sanctions, and FDI screening. The panel will look in particular at likely consequences for defense ecosystem design, multinational research and development collaborations, and the long-term requirements of preparing defense industrial policies for protracted warfare.
Speakers
Heiko Borchert, Borchert Consulting & Research (chair)
Sijbren De Jong, NATO
Edward Hunter Christie, FIIA
Raluca Csernatoni, Carnegie Europe
15:30 – 16:00 EEST
16:00 – 17:30 EEST
Speakers
Anders Adlercreutz, Finnish Minister of Education and Party Chair of the Swedish People's Party of Finland
Denis Redonnet, European Commission
Elisabeth Braw, Atlantic Council
Leena Mörttinen, Finnish Ministry of Finance
Alexandra Pasternak-Jackson, Amcham Finland (chair)
18:30 EEST
Gala Dinner (by invitation) hosted by Ax:son Johnson Institute for Statecraft and Diplomacy
Speakers
Iain Martin, Engelsberg Ideas
08:30 – 09:00 EEST
09:00 – 10:30 EEST
This panel explores the emerging profession of expert advisors to businesses and governments on the economics of geopolitics and the geopolitics of economics (i.e., geoeconomics). Highlighting the role of these 'geoeconomists' in navigating economic strategies within complex geopolitical landscapes, the discussion focuses on defining the skills and responsibilities of geoeconomists and their increasing importance in global economic policy and strategy. The session will delve into the educational background, analytical tools, and interdisciplinary knowledge required for this role. Additionally, it will provide insights into how geoeconomists contribute to strategic decision-making, risk management, and policy formulation, emphasizing their value in both private and public sectors to address the dynamic challenges of the global economy.
Speakers
Dominik Eisenhut, Airbus Group
Tobias Gehrke, ECFR
Francesca Ghiretti, CSIS, Adarga
Jens Hillebrand Pohl, FIIA (chair)
Victor do Prado, Sciences Po
Kazuto Suzuki, University of Tokyo
Mikael Wigell, FIIA
10:30 – 11:00 EEST
11:00 – 12:30 EEST
This session addresses the integration of geoeconomics into corporate strategy. Taking an intra-corporate perspective, the panel examines how companies internalize geoeconomic analysis into their decision-making processes to enhance competitiveness and adapt to geopolitical shifts. The discussion will cover strategies for incorporating geopolitical risk assessments into business models, aligning corporate policies with global economic trends, and leveraging geoeconomic insights to navigate regulatory environments. Additionally, the panel will explore case studies of companies that have successfully integrated geoeconomic considerations to gain a competitive edge, demonstrating best practices for sustainable growth in an increasingly complex global market.
Speakers
Heiko Borchert, Borchert Consulting & Research
Ann-Nina Finne, Hill & Knowlton (chair)
Susanna Mäkelä, Laissa
Risto E.J. Penttilä, Nordic West Office
Henrik Seip, Equinor
Simon Wunder, Volkswagen AG
12:30 – 14:00 EEST
Luncheon hosted by Center for International Private Enterprise
13:30 – 14:00 EEST
A conversation with Anthony B. Kim, interviewed by Eric Hontz
Speakers
Anthony B. Kim, The Heritage Foundation
Eric Hontz, Center for International Private Enterprise
14:00 – 15:30 EEST
Focusing on the investor's perspective, this panel explores how geoeconomics influences investment decisions. It emphasizes the importance of geoeconomic insights in identifying risks and opportunities, thereby shaping investment strategies. By examining case studies and real-world examples, the discussion will highlight how geopolitical shifts, trade policies, and economic sanctions impact investment landscapes. The panel will also consider the role of geoeconomic analysis in assessing market volatility, forecasting trends, and making informed, strategic investment choices to maximize returns and mitigate risks in a globally interconnected economy.
Speakers
Valtteri Ahti, Chief Investment Strategist, Evli Bank
Theodore 'Teddy' Bunzel, Lazard
Minna Kuusisto, Danske Bank
Ashley Thomas Lenihan, Georgetown University (chair)
June Park, Schmidt Futures
Juho Romakkaniemi, Finland Chamber of Commerce
15:30 – 16:00 EEST
16:00 – 17:30 EEST
This session explores the intersection of geoeconomics and technological innovation, focusing on how geoeconomic strategies drive technological advancements and their implications for global tech industries. Recalling Huawei and TikTok as cautionary tales highlights that tech firms in the West and critical technological infrastructures need to be wary of the geopolitical risks inherent in design choices. Similar concerns have been raised regarding companies like ZTE and DJI, which have faced scrutiny over security and data privacy issues. The panel will address the challenges of securing supply chains and protecting research while balancing efficiency, emphasizing best practices for maintaining robust and resilient supply chains amid geopolitical tensions to ensure continued technological innovation and research security
Speakers
Sarah Bauerle Danzman, Indiana University Bloomington (chair)
Raluca Csernatoni, Carnegie Europe
Patrik Gayer, Silo AI
Johannes Koponen, Konsensus.me
Stefan Lindström, Finnish Ministry of Foreign Affairs
Tim Rühlig, DGAP
Jaap van Etten (Datenna)
18:30 EEST
08:30 – 09:00 EEST
09:00 – 10:30 EEST
This session emphasizes the importance of developing a unified approach to economic statecraft in government relations, highlighting the crucial role of both the public and private sectors. By adopting a shared vernacular, methodology, and nomenclature, and aligning base assumptions, governments and businesses can enhance international cooperation, streamline policy-making, and minimize compliance inefficiencies while maximizing compliance impact. The discussion will explore how a common geoeconomic language can improve communication and coordination, leading to more effective responses to global economic challenges and promoting stability in international markets. Through case studies and best practices, the panel will demonstrate how cohesive geoeconomic strategies can address trade disputes, sanctions, and investment security, ultimately fostering robust international relations and a stable global economic order.
Speakers
Sari Arho Havrén, Business Finland, RUSI
Braz Baracuhy, Brazilian Ministry of Foreign Affairs (chair)
Björn Fägersten, Politea
Akira Igata, The University of Tokyo
Pär Malmberg, Stockholm School of Economics
George Shambaugh, Georgetown University
10:30 – 11:00 EEST
11:00 – 12:30 EEST
Addressing the legal dimension, this session examines the growing use of economic lawfare—using legal authority and regulatory frameworks as strategic tools for achieving power political goals. Lawfare involves the 'weaponization' of laws and legal institutions by invoking legal arguments and appeals to legal authority in geostrategic contexts. The panel will delve into how countries and corporations use these strategies to gain influence and broader geopolitical objectives. By analyzing recent trends, the discussion will highlight key cases where geoeconomic strategies have been pivotal. Examples include the use of sanctions, trade restrictions, and investment screenings to exert legal pressure and achieve desired outcomes in international and domestic courts. The session will also explore the implications of economic lawfare on the global legal order, including how these practices impact international norms, sovereignty, and the balance of power. Through detailed case studies and expert analysis, attendees will gain insights into the mechanisms of economic lawfare, its effectiveness, and its consequences for international law and global governance. This panel will be essential for legal professionals, policymakers, and scholars interested in the intersection of law, economics, and international relations, providing a comprehensive understanding of how economic strategies are reshaping the legal landscape.
Speakers
Maria Carlsson, Bird & Bird
Victor A. Ferguson, The University of Tokyo
Klaus Ilmonen, Hannes Snellman, Hanken School of Economics
Malcolm Jorgensen, Max Planck Institute
Jens Hillebrand Pohl, FIIA (chair)
Maria Shagina, IISS
Cindy Whang, Fu Jen Catholic University of Taipei
12:30 – 14:00 EEST
Luncheon hosted by Hannes Snellman
13:15 – 14:00 EEST
A conversation with Professor Dale Copeland based on his two seminal books, Interdependence and War (2015) and A World Safe for Commerce (2024), interviewed by Edward Hunter Christie
Speakers
Dale Copeland, University of Virginia
Edward Hunter Christie, FIIA (interviewer)
14:00 – 15:30 EEST
This session focuses on the academic perspective, advocating for the inclusion of geoeconomics in university curricula. It explores how educational institutions can prepare future leaders by integrating geoeconomic concepts into their programs. The discussion will highlight the importance of equipping students with the knowledge and skills to navigate the complex interplay between economics and geopolitics. Panelists will examine current gaps in university curricula and propose comprehensive strategies to incorporate geoeconomics into various disciplines, such as international relations, political science, economics, and business studies. By presenting successful case studies and innovative teaching methodologies, the session aims to inspire academic institutions to adopt a multidisciplinary approach that reflects the realities of global economic power dynamics. The panel will also address the benefits of such curricular updates, including enhanced critical thinking, strategic decision-making capabilities, and a better understanding of global economic policies. Ultimately, this session seeks to foster a new generation of leaders who are well-versed in the principles of geoeconomics and capable of contributing to informed policy-making and strategic planning in an interconnected world.
Speakers
Dale Copeland, University of Virginia
Sarah Bauerle Danzman, Indiana University Bloomington
Victor A. Ferguson, The University of Tokyo (chair)
Mattias Hessérus, Ax:son Johnson Institute of Statecraft & Diplomacy
Marc Hinnenberg, Hanken & SSE Executive Education
Naoise McDonagh, Edith Cowan Unversity
15:30 – 16:00 EEST
16:00 – 17:30 EEST
The final panel discusses the establishment of professional standards for geoeconomists, considering the potential for certifying expertise in this emerging field. It explores the development of a formal charter to recognize and standardize the qualifications and competencies required for geoeconomists. Panelists will delve into the benefits of creating a certification process, including ensuring consistency in skills and knowledge across the profession, enhancing the credibility and recognition of geoeconomists, and promoting higher standards of practice. The discussion will also cover the criteria for certification, the necessary educational and experiential requirements, and the role of professional organizations in overseeing the certification process. By examining models from other established professions, the panel aims to outline a clear pathway towards achieving professional recognition for geoeconomists. This session will be crucial for current and aspiring geoeconomists, employers, and academic institutions, offering insights into how professional standards can support the growth and development of this critical field, ultimately contributing to more effective economic statecraft and strategic decision-making on a global scale.
Speakers
Sarah Bauerle Danzman, Indiana University Bloomington
Braz Baracuhy, Brazilian Ministry of Foreign Affairs
Victor A. Ferguson, The University of Tokyo
Ann-Nina Finne, Hill & Knowlton
Ashley Thomas Lenihan, Georgetown University
Jens Hillebrand Pohl, FIIA
Mikael Wigell, FIIA (chair)
18:30 EEST
08:30 – 09:00 EEST
09:00 – 10:30 EEST
Speakers
Edward Hunter Christie, FIIA
Christian Fjäder, Geostrategic Intelligence Group
10:30 – 11:00 EEST
11:00-11:45 EEST
A conversation with Christian Pfeiffer about his new book Geoeconomics in International Relations: Neorealist and Neoliberal Conceptualizations (Routledge) and with Balkan Devlen on forecasting, interviewed by Mikael Wigell
Speakers
Balkan Devlen, The MacDonald - Laurier Institute
Christian Pfeiffer, Zimmer Biomet
Mikael Wigell, FIIA (interviewer)
11:45 – 12:30 EEST
Speakers
Mikael Wigell, FIIA
12:30 – 14:00 EEST