As the postwar international order fragments and universal agreement becomes increasingly elusive, policymakers face a pressing question: what form of cooperation can replace the postwar hegemon-led, rules-based system? Dennis Snower examines two complementary answers
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Welcome to the WCR weekly update. World Commerce Review is the global trade and finance platform, discussing all things political, regulatory, technological, financial and, most importantly, the future
AI and financial inclusion
AI has the potential to transform lives and the US economy. Michael Barr warns that artificial intelligence could dramatically narrow or widen economic inequality in the US, depending on the policy choices society makes in the coming years
Modernizing financial regulation
The financial system is constantly evolving, and the regulatory and supervisory framework must keep pace. Michelle Bowman discusses the work of the US and urges global financial watchdogs to be flexible
Reforming EU banking regulations
EU banking rules are under pressure for simplification. Jesper Berg and Hans Geeroms argue that reforms should cut complexity without weakening financial safeguards
The global financial powerhouses
The global economy is facing unprecedented geopolitical and economic challenges. Paul Stirling provides an in-depth analysis of International Finance Centres, which remain the indispensable engines of the global economy
Tax
Has the global minimum tax survived Trump?
It is accepted that international tax competition is harmful. Pascal Saint-Amans writes that US objections have not killed off the 15 percent global minimum tax, but they have altered it and given the US a competitive advantage
Balancing profit shifting and investment
The global minimum tax represents the most ambitious international effort in decades to curb profit shifting to tax havens. Katarzyna Bilicka, Michael Devereux and Irem Güçeri argue that profit shifting doesn’t just affect tax revenues, it alters investment incentives, creating fundamental trade-offs that cannot be ignored
Sanctions without borders?
Thematic sanctions are being increasingly used as a foreign policy tool. Henrietta Worthington and Jaime Rosenberg consider the benefits and challenges for multinational organisations operating across jurisdictions
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World Commerce Review Volume 20 Issue 2
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