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September 4, 2023
The growing mistrust between the East and the West is creating a geopolitical scenario that for many is reminiscent of the Cold War era; a time when domestic markets advanced under the weight of interventionist policies, and relations between countries were belligerent and highly volatile.
March 14, 2022
The ECB and most central banks in developed economies have taken up the baton by setting an inflation target of 2%. This is an unenviable task: the only genuinely and uncontested effective tool at their disposal is interest rate control, which loses effectiveness the further inflation is from the set target.
March 29, 2021
The expansion of global trade has slowed in recent years, following a long period of exuberance. How will trade flows evolve over the next decade, taking into account recent trends such as the pandemic and climate change, as well as other factors?
January 12, 2021
COVID-19 dealt a heavy blow that moved us firmly into the digital age. Thus, in 2021 it will be crucial to shape and strengthen the agreements and institutions to thrive in such a landscape. And there are various obstacles to overcome in that regard.
September 21, 2020
The rules-based approach to the governance of the trade of goods and services and investment flows is facing increasing challenges against the background of rivalry between the United States, China and Europe. The Asian country now being considered a strategic competitor and a systemic rival.
June 29, 2020
The drop in the volume of global trade is reflecting the most severe global recession since the Second World War, both due to the economies affected and the intensity of the expected falls in GDP over the middle quarters of 2020.
June 18, 2018
The US’ decision, just hours after the G7 summit, not to support its closing joint communiqué reaffirming the need for regulated, open multilateral global trade, may have come as a surprise to many, but it was not really surprising.
June 14, 2018
USA, EU and China are the main nodes of the world trade network. 1980-2008 was the most recent period of high dynamism of trade boosted by EM growth, technological and logistic advances and, last but not least, enhanced multilateralism approach. The globalization challenge is to reach a more even distribution of its benefits and protectionism is the wrong policy.
March 19, 2018
Globalisation is very closely related with economic development. The periods of greatest dynamism in trade and GDP were the decades leading up to the WW I, those following WW II and the period between the mid-1980s and the onset of the crisis in 2009. This latter period was characterised by the prominent role played by emerging markets and technological improvements.
July 24, 2017
Desde 2013 se ha producido un intenso proceso de creación de empleo. Tras destruir un 17,1% de la afiliación a la Seguridad Social desde Julio de 2007 a Febrero de 2013, se ha recuperado ya el 68,3% de la afiliación destruida (Junio 2017).
July 11, 2017
After widespread benefits, especially and unquestionably for EM’s, support for globalization is retreating. Digital technologies and robots are seen as a threat to employment, though probably this is not the case. The backslash has been manifested in advanced economies through populism, which has complex roots.
