Global value chain transformation to 2030 GVCs have been hit hard by the COVID-19 crisis. James Zhan, Richard Bolwijn, Bruno Casella and Amelia U Santos-Paulino consider the overall direction and policy implications of the restructuring of GVCs The impact of GDPR on data flows and national security The CJEU has ruled that the EU-US Privacy Shield is invalid. Joshua Meltzer considers the impact and suggests ways forward Can the global recovery be sustained even as the pandemic rages? The global economy is showing signs of recovery from COVID-19 crisis, though the pandemic is accelerating in some countries. Uri Dadush believes trade is part of the solution, not part of the problem The impact economy: balancing profit and impact Dirk Schoenmaker examines how governments and companies can cooperate in the pursuit of sustainable development Chinese and Russian geopolitical games Katarzyna Sidło looks at how China and Russia have exploited the COVID-19 pandemic to improve their international standing in the MENA region Work and employment after COVID-19 The COVID-19 pandemic has had an unprecedented effect on labour. Werner Eichhorst assesses the possible changes in the future of work Preparing for the COVID aftermath Sofia Baliño considers the threat of ISDS arbitration against emergency measures, and warns governments to mobilize as they have in the health sphere and apply it to their international investment agreements and policies Just-in-time supply chains after the COVID-19 crisis Frank Pisch uses the French example to examine the potential effect of COVID-19 on international JIT supply chains A trade bargain to secure supplies of medical goods The COVID-19 pandemic has disrupted the global trading system. Simon Evenett and L Alan Winters propose a method for countries to secure medical supplies The revived centrality of the G20 COVID-19 has wrought economic havoc. Suman Bery and Sybrand Brekelmans consider the return of the G20 as a driver of global economic policy The COVID crisis and productivity growth The world is in the midst of a 15-year-long productivity growth slowdown. Filippo di Mauro and Chad Syverson consider how the COVID crisis might shift the growth rates of productivity and output Globalisation and financial contagion: a history Olivier Accominotti et al suggest that the COVID-19 pandemic could lead to a revaluation of the international trade and finance system COVID concussion Richard Baldwin and Rebecca Freeman consider supply chain contagion waves, and look ahead to manufacturing ‘contagion and reinfection’ from the COVID concussion Future imperfect after coronavirus Following this period of massive fiscal and monetary expansion, Charles Goodhart and Manoj Pradhan ask what will happen when the lockdown gets lifted and recovery ensues? Brace for impact The global economy has been slowing down for some time. Abhijit Mukhopadhyay considers the gigantic global economic damage the coronavirus pandemic could cause US sanctions, the Iranian people and the coronavirus US sanctions are affecting Iran greatly. Leigh Hansson examines how sanctions are delaying the response to the coronavirus pandemic Coronavirus and macroeconomic policy The consensus is that the coronavirus outbreak will cause a shock to the world economy. Luca Fornaro and Martin Wolf develop a model to show that the spread of the virus might cause a demand-driven slump Biodiversity: what is at stake? Biodiversity loss is a serious risk to business. Aleksandar Rankovic and Juliette Landry review an action agenda to curb biodiversity loss A threat to economic and national security Inadequate data protection affects national security in many ways. Susan Ariel Aaronson examines the responses by the US and the EU Trade policy after three years of populism The populist turn in many nations’ politics has sharpened the rhetoric against globalisation. Simon Evenett and Johannes Fritz find that this has translated into greater protectionism worldwide An Asia trade war threatens The trade war between the USA and China is ongoing. Abhijit Mukhopadhyay says the Japan-South Korea dispute threatens to further derail international business The WTO dispute settlement and the Appellate Body crisis Matteo Fiorini, Bernard Hoekman, Petros Mavroidis, Maarja Saluste and Robert Wolfe report on insider perceptions and WTO members’ revealed preferences Many forms of populism Dani Rodrik argues that there are times when economic populism may be the only way to forestall its much more dangerous cousin, political populism We’re in danger of forgetting the lessons from Bretton Woods Roberto Azevêdo says the world risks forgetting the importance of a rules-based system of economic cooperation, which has underpinned decades of unprecedented peace and prosperity The EU-Mercosur FTA: prospects and risks The deal is worth fighting for, according to Michael Baltensperger and Uri Dadush, and the agreement could be as significant for the globe’s climate as it is for the global economy Incoterms® 2020 – updated rules for sale of goods certainty The International Chamber of Commerce reviews the latest edition of the Incoterms® rules, that ensure a rules-based solution between trading partners worldwide The ‘new’ economics of trade agreements Tariffs have been reduced in the post-war period. Gene Grossman, Phillip McCalman and Robert Staiger analyse the increase in non-tariff barriers and the affect on global trade Global trade protection and the role of NTBs Luisa Kinzius, Alexander Sandkamp and Erdal Yalcin demonstrate that trade protection in the form of non-tariff barriers started many years ago MNEs in the global economy: heavily discussed, hardly measured Koen De Backer, Sébastien Miroudot and Davide Rigo introduce the OECD Analytical AMNE database, which provides unique opportunities to study the activities of MNEs and the effect of GVCs on investment and production Dousing the sovereignty wildfire Rows between collective and national interests are sure to erupt. Jean Pisani-Ferry writes that the world needs to find a way to manage them The road to Kazakhstan The WTO is facing heightened pressure from multiple angles. Sofia Baliño finds that members are debating a new investment facilitation framework in a tenuous WTO landscape Implications of the escalating China-US trade dispute Uri Dadush considers the impacts on the Chinese and US economies, as well as the strategic problems this dispute poses for Europe Breaking up big companies and market power concentration Elizabeth Warren proposes the break-up of big tech companies. A UK report presents another approach for regulating the digital economy. And IMF research shows that concentration of market power extends beyond digital. Konstantinos Efstathiou reviews the debate Europe in the midst of China-US strategic competition The trade conflict between the US and China is bringing China-US strategic competition into the open. Alicia García-Herrero says the EU faces an urgent question: how to position itself in the competition? The global macroeconomics of a trade war Increasing protectionism will slow down world trade and may dampen global economic growth. Wilko Bolt, Kostas Mavromatis and Sweder Van Wijnbergen consider the findings from the EAGLE model Next-generation technologies and the future of trade Susan Lund and Jacques Bughin consider some of the possible effects and estimate the magnitude of potential changes of the future technological transformation At a crossroads: Russia in the global economy Sergey Kulik, Nikita Maslennikov and Igor Yurgens shed light on the different paths for Russia's economic development. This revelatory and entertaining book is reviewed by WCR Dancing with the dragon: can the EU and China rescue the WTO? Comprehensive WTO reform has never been more urgent. Bart Broer argues that the Sino-European relationship could safeguard the world's trading regime The European Union’s response to the trade crisis The global trading system is being challenged. Uri Dadush and Guntram Wolff consider the possible outcomes and how the EU can respond Brexit delay will not postpone deglobalisation Peter van Bergeijk argues that Brexit and the Trumpian trade wars are symptoms rather than causes, as the world had already started to fundamentally change before either came on the horizon Russia’s foreign policy does not help its economic modernization Russia’s over-ambitious foreign ventures have exacerbated the negative effects of the numerous economic headwinds it faces, Marek Dabrowski writes No deal is the best deal for Britain Patrick Minford considers the options for the UK as they reach the endgame in their negotiations with the EU, and finds that a No Deal Brexit is a recipe for economic success The macroeconomic implications of a global trade war Escalating tensions between the US and its trading partners have made a global trade war more likely. Antoine Berthou et al consider the potential effects Assessing global financial stability Tobias Adrian describes what the IMF sees as some of the major factors that could put growth at risk Trade and growth in the age of global value chains The rise of protectionism has revived the debate about the benefits of trade. Carlo Altomonte, Laura Bonacorsi and Italo Colantone highlight the important role played by GVCs in allowing countries to gain by trade Time for China to step up to global anti-corruption responsibilities China, the world's largest exporter, is failing to enforce its own laws on foreign bribery. Gillian Dell believes that China should join the major exporting nations to take action against foreign bribery

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