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 Why a new multilateralism now? History suggests that an economic downturn lurks somewhere over the horizon. David Lipton believes that with ingenuity and international cooperation we can create a shared and sustained prosperity The future of the WTO: cooperation or confrontation There is a danger of further escalation in the tariff war. André Wolf considers protectionism and the future of the World Trade Organization Protectionism was threatening global supply chains before Trump Trump’s protectionism has a distinctive focus on disrupting US access to global supply chains. Chad Brown reveals that major economies had begun additional trade protection prior to 2016 The cost of data protectionism Countries are increasingly imposing new data policies which restricts the flow of data across borders. Martina Ferracane, Janez Kren and Erik van der Marel demonstrate how this creates significant costs for domestic and foreign businesses Global value chains and export elasticities: all linkages matter François de Soyres et al. consider the consequences of international input-output linkages on exchange rate elasticities Improving the efficiency and legitimacy of the EU: a bottom-up approach Silvia Merler, Simone Tagliapietra and Alessio Terzi argue for the principle of “an ever closer union” to be safeguarded by a bottom-up approach to respond to the common needs of the citizens Sustaining momentum in uncertain times The world economy is currently witnessing a strong upswing. Mitsuhiro Furusawa considers policy priorities to maintain momentum The G7 is dead, long live the G7 The Charlevoix summit left behind a Group of Seven in disarray. Jim O'Neill and Alessio Terzi ask if, in a fast-changing world, the G7 is a relic of the past? Resolving the conflict between privacy and digital trade Exports of data-based services by developing countries is threatened by the EU's privacy regulation. Aaditya Mattoo and Joshua Meltzer argue that the way forward is to reflect the EU-US Privacy Shield bargain Trade war: how tensions have risen between China, the EU and the US The multilateral trading system has been challenged by unilateralist measures and subsequent threats of retaliation. Francesco Chiacchio discusses possible scenarios for the EU Cambodia’s ‘buy-a-bride’ trade thrives With an influx of rich Chinese tourists, the safety of Khmer women is being endangered. Deepanshu Mohan examines the growing problem in Cambodia The Eurasian Landbridge and China’s Belt and Road Initiative Richard Pomfret argues that the BRI could be a major step towards Eurasian integration and greatly improve rail’s competitiveness relative to air for time-sensitive shipments The Eurasian Landbridge: linking regional value chains Richard Pomfret looks at the catalyst for the Eurasian Landbridge rail services and its impact on trade costs Global income inequality is declining Income convergence of China and India accounts for the bulk of the decline in global income inequality, Zsolt Darvas finds Minding the gaps to deliver prosperity for Asia Christine Lagarde argues that it is through trade that Asia will transform itself from an importer to an exporter of innovation The consequences of protectionism Protectionism is the wrong solution to address concerns about the distributional effects of globalisation, says Benoît Cœuré, and the EU is the vehicle to make trade more equitable A compass to prosperity: the next steps of euro area economic integration The euro area should consider several areas of reforms in the coming months, including a modernized capital markets union, an improved banking union, and the creation of a central fiscal capacity, says Christine Lagarde Overcoming zero-sum games to sustain growth and globalisation Antonio de Lecea argues that Europe's stance on globalisation is capable of reconciling higher growth with a fairer distribution of income and opportunities A time to share In the euro area, discipline is of the essence, but risk-sharing is no less important, Daniel Dăianu writes Strong aggregate demand: critical for reaping benefits of digitisation Jacques Bughin, Hans-Helmut Kotz and Jan Mischke consider the factors behind the slowdown of productivity growth, and find that aggregate demand needs to be strengthened to benefit from digitisation Monetary policy in the euro area Mario Draghi says that monetary policy still needs to be patient, persistent and prudent, despite improvements in the euro area economy Gold medal brinkmanship: North Korea’s Winter Olympic coup d’état Pyongyang’s Olympic olive branch should be seen as a strategic victory for the regime and a blow to international efforts to wind back its nuclear program, Stephen Nagy writes Trade and investment disputes: the role of economists Marion Jansen, Joost Pauwelyn and Theresa Carpenter explore whether economists can be of use in addressing contentious questions in international trade and investor–state disputes Scaling-up the inclusive growth agenda in the Arab region Christine Lagarde asserts that collective wisdom and collective action is needed to ensure inclusive growth in the Arab region Going beyond the boundaries of justice Deepanshu Mohan reinterprets Hume's Of Justice and argues for a deeper understanding of ethics and values of justice in the modern world Ensuring a sustainable global recovery The key challenge now for China is to ensure that its role generating growth and financing remains on a path that benefits the global economy and itself, David Lipton argues A global architecture for international trade: a collaborative approach Olivier Paul sheds light on the unprecedented changes facing the trade finance industry, and explains how ICC aims to positively shape the global trade landscape Beyond the Juncker and Schäuble visions of euro area governance Two diametrically opposed versions of the euro area architecture have been proposed. Guntram Wolff identifies new ideas to develop euro area governance Economic implications of a protectionist US trade policy Gabriel Felbermayr, Marina Steininger and Erdal Yalcin analyse three protectionist policies that have been discussed by the administration and the effects on the economy On three canonical responses to labour saving technical change Ravi Kanbur argues that the most powerful response would be to make innovation more labour intensive Globalisation may soon accelerate again Richard Baldwin and Vesa Vihriälä argue that it is time to get domestic policies right to reap the rewards of globalisation European worries about isolationist trends Populist shocks in the UK and US threaten the multilateral order on which the EU depends. Maria Demertzis asks what lies behind these earthquakes, and what does it mean for Europe? Addressing corruption with clarity Christine Lagarde believes that the IMF can only be true to its mandate if it speaks about corruption with clarity and offers all the tools at its disposal to help members Japan's choice Stephen Nagy discusses the choice for the Japanese; stability, security and growth vs. stagnation, insecurity and relative decline Sustaining openness in a dynamic global economy Stronger productivity growth is needed to combat the debt and demographic challenges faced by advanced economies, asserts Mario Draghi Winners from globalisation Ben Broadbent looks at the distributional effects of globalisation and the parallels between the effects of growing trade and those of technical progress – including the role of the latter in rising inequality in the US Brexit’s impact on trade Brexit and the election of Trump has injected a major dollop of uncertainty into international commerce. Dan Ciuriak writes about how this could reshape the global trading system USTR Lighthizer introduces the Trump trade doctrine Shanker Singham looks at President Trump’s trade policy, and what the Administration means by ‘free and fair’ trade China’s new world order Fraser Cameron reviews the BRI and considers whether China can manage internal transformations and provide the leadership to transform the countries between China and the EU The mixed blessing of the ‘multi-speed’ EU Marek Dąbrowski examines the rationale behind a multi-speed European Union and the potential risks that could encourage anti-EU sentiments Brexit fork in the road Angus Armstrong asks if it really is the case that the UK can ‘take back control’ and be better off at the same time? How can we better value and approach the experience of work? Deepeanshu Mohan discusses the behavioural essence attached in studying the value and nature of work How do you compensate losers from globalisation? Werner Eichhorst and Florian Wozny look at how the gains from openness can be realized without undermining support for trade and migration The new protectionism: where does it come from and where may it go? It seems we are in a transition towards a new international regime, a new order, finds Daniel Dăianu Europe in a new world order Maria Demertzis, André Sapir and Guntram Wolff explore what the EUs strategic reaction should be to US diminishing giant policies, and the EUs role in a world of declining hegemony and shifting balances Can Trump save the euro? The eurozone urgently needs an economic boost. Daniel Gros writes that US President Donald Trump may be just the person to deliver it Promoting climate protection while preventing protectionism Susanne Dröge says it is time to talk openly about the options and the risks and to agree on protecting the climate without protectionism Trump, Iran, and guidance for European businesses Matthew Oresman looks at the Trump Administration’s approach to Iran and what European businesses need to consider WTO TFA entry into force is a watershed moment for world trade The entry into force last month of the World Trade Organization’s Trade Facilitation Agreement – a landmark global trade agreement – could provide a boost to global trade flows of over US$1 trillion, writes the International Chamber of Commerce The impulse of power Deepanshu Mohan believes a wider mainstream understanding of power, in its evolutionary forms, studied from the lens of history and sociology, warrants a deeper scholarly reflection Brexit: a new industrial strategy and rules on state aid Nicholas Crafts argues that there is an unheralded downside of a hard Brexit A proliferating civil war amidst leaking identities Deepanshu Mohan reflects on the transcending away from free, modern values to a more authoritarian and heavy-handed state Reinvigorating productivity growth Christine Lagarde says that policymakers must take action to address the forces that are holding back productivity, such as aging, the global trade slowdown, and slowing improvements in educational attainment Post-Brexit trade and development policy Richard Baldwin, Paul Collier and Anthony Venables suggest that the time is ripe for the UK to embrace a new trade and development agenda to demonstrate a country ready to play a key role on the world stage Protectionist threats jeopardise international trade Meredith Crowley, Huasheng Song, and Ning Meng provide evidence that tariff scares have negative impacts on trade even when the threatened import tariff hikes never actually materialise The EU must stand ready to confront US leadership This is not the first time that the United States has antagonised Europe. And Europe can provide an effective response to such external challenges when it stands united, Emmanuel Mourlon-Druol writes In the pursuit of a ‘good’ economy There is a vital need for a morally acceptable, welfare inducing economic system, Deepanshu Mohan writes Chinese Presidency of 2016 G20 Summit: expectations vs outcomes Geethanjali Nataraj and Ramandeep Singh say that a roadmap has been laid for ensuring that future global growth is innovative and sustainable The post-Brexit fandango To leave the EU cleanly the UK must make sure that this path leads to unilateral free trade and not some half-hearted protectionist substitute, Patrick Minford argues The state and prospects of the euro area recovery Mario Draghi writes about the factors that have put the euro area economy on a stronger footing, but also the reasons why we cannot yet drop our guard Trump triumphs, Europe shocked Fraser Cameron examines the implications of Trump's victory and looks at how Europe should react Trump’s rhetoric: retrenchment, status quo or deepening engagement? Stephen Nagy examines the potential effects Trump’s policies will have on trade and security in East Asia Trumped up trade: the end of an era The days of US fiscal restraint, and of global trade growth outpacing GDP growth, are now over, Sebastian Dullien writes Better, faster, stronger: how freer trade fosters global innovation Karen-Helene Ulltveit-Moe, Andreas Moxnes and Federica Coelli present new evidence on the benefits of freer trade in terms of growth and innovation Why China’s new cybersecurity law is a threat to international businesses & innovation George Haour writes on China and cybersecurity and the potential ripples in the way China does business Britain’s Asian opportunity Brexit offers the UK an opportunity to develop a more independent trade policy towards Asia, asserts Ganeshan Wignaraja What does China's 'belt and road initiative' mean for EU trade? OBOR will bring huge improvements in regional and international connectivity, Alicia García-Herrero and Jianwei Xu explain What consequences would a post-Brexit China-UK trade deal have for the EU? Alicia García-Herrero and Jianwei Xu find that a UK-China FTA will be neither easy nor clearly advantageous for the UK The great normalisation of global trade Alexander Al-Haschimi, Martin Gächter, David Lodge and Walter Steingress find that an upturn in aggregate demand will not necessarily lead to a significant recovery in global trade Europe after Brexit: a proposal for a continental partnership Jean Pisani-Ferry, Norbert Röttgen, André Sapir, Paul Tucker, and Guntram B Wolff propose a new form of collaboration, a continental partnership, that will maintain Europe and the UK’s influence in an increasingly volatile world Negotiating Britain’s new trade policy Jim Rollo and Alan Winters suggest some strategies for the UK government to follow in reconstituting its trade policy post-Brexit The G20: business engagement for a sustainable and inclusive global economy CEOs from across G20 economies call for a credible action plan to open markets, mobilize private sector capital and make it easier to trade internationally, International Chamber of Commerce write Emissions scandal driving more regulatory scrutiny for automotive sector Regulatory scrutiny has long been a burden for businesses but by implementing proactive compliance strategies the costs and fines associated with regulatory investigations can be significantly reduced, Lauren Grest finds The Apple tax bill is not protectionism International conflicts are inevitable when governments challenge the excesses of multinational corporations, Sebastian Dullien writes CETA: ratification fears and implementation challenges There seems to be enough political support for the agreement on both sides of the Atlantic for CETA to come into force on a provisional basis sometime in 2017, says Patrick Leblond A roadmap for a post-Brexit EU Brexit is a blow to the European idea, but it also presents an opportunity for Europeans to discuss a realistic future, Petros Fassoulas writes Basic income - free money for everyone? Fleur de Beaufort examines the growing calls for the introduction of some form of unconditional basic income in Europe The rise of sustainable FDI: emerging trends in the SADC region Growing FDI inflows into Africa has led to countries re-examining their FDI policies to align them with the international trend toward sustainable FDI, Chelsea Markowitz and Azwimpheleli write High expectations Geethanjali Nataraj and Pravakar Sahoo state that it is important that expectations of China’s Presidency of the G20 be realistic and that it be focused on what can be achieved in any single year 800 million reasons Hun Kim says South Asia is set to become the fastest growing region in Asia, with more opportunities to do business than ever before How Chinese parties can prepare for increasing outbound disputes Chinese parties can mitigate investment risks by including dispute resolution provisions in their joint venture agreements that can help them deal with any later problems, Shaun Wu and Andrew Wang write
EU-China FTA: why do we need it? How should it look like? What will it bring? The economic potential in bilateral trade could be significant, Federica Mustilli, Mattia Di Salvo and Wenian Hu find Trade matters for jobs and growth The International Chamber of Commerce would like to hear more talk about why trade matters; how the gains from trade are realized; and about how concerns about trade’s disruptions can best be handled The EU agenda for tax transparency Pierre Moscovici says we are witnessing a generational shift when it comes to tax transparency in the EU and internationally Why the Confederation can’t solve the Union’s problems Benjamin Zeeb and Julia Berghofer discuss multiple crises in Europe and argue that the Europeans have to build up a political union that is able to defend common interests by means of democratically legitimised institutions How the blockchain enables a new economy This crypto economy will transfigure businesses, government and our society, perhaps even more profoundly than the internet did, says William Mougayar Important steps made towards a Digital Single Market Andrus Ansip writes that the European Commission has made a major advance towards creating a true Digital Single Market (DSM) for Europe, with two new packages of initiatives Europe’s digital transformation Measures designed to speed up the digital transformation of industry should remain at the core of what the EU is trying to achieve, John Higgins writes Modi 2.0: revisiting relationship capitalism Deepanshu Mohan asks if the government can make a move from relationship capitalism to one where the markets compete freely across sectors Pyramid vs. oceanic circles. Facilitating sub-regional trade for sustainable development Bipul Chatterjee and Susan Mathew deliberate on why South Asia needs to adopt an oceanic circle model vis-à-vis pyramid model for facilitating trade
40 years of OECD Guidelines for Multinational Enterprises The Guidelines are more than ever a key international reference document for responsible business conduct for companies around the world, Winand Quaedvlieg and Hanni Rosenbaum find The South China Sea in 2016. Towards recognising the global public good of the SCS Stephen Nagy discusses what is at stake in the South China Sea for countries in and outside the region G20 missed opportunities on trade and investment The International Chamber of Commerce Scorecard has revealed that the G20 made progress on a number of international business priorities but missed some important opportunities to advance trade and international investment policy frameworks Will India be able to achieve and sustain high growth rates? Richa Sekhani and Geethanjali Nataraj write that sustaining the growth rate requires India to take necessary steps to address both supply and demand side bottlenecks Solutions to the digital trade imbalance Susan Ariel Aaronson discusses how governments use trade agreements and policies to address cross-border internet issues and to limit digital protectionism Why leaving is the safer option Oliver Lewis says relations will be friendlier after a vote to leave as the United Kingdom will stop blocking European efforts to integrate Restricted access for migrants: a liberal justification Liberals see freedom of movement as vital, but it must always be limited by the freedom of others not to be disturbed, Fleur de Beaufort and Patrick van Schie write Japan’s new international role Fraser Cameron considers the reasons for Japan’s more active global role and assesses the implications for EU-Japan relations What fosters innovation? The International Chamber of Commerce has issued a set of principles to support innovation as a key driver of economic growth, job creation and broad-based opportunity Combating hiring discrimination with anonymous job applications Ulf Rinne says discrimination is still a big problem in today’s globalised world Governments, businesses, and civil society: transparency builds trust Yılmaz Argüden says the elimination of unnecessary legislative, regulatory and administrative barriers represents the right and most cost-efficient economic stimulus available to governments today Africa at a fork in the road: taking off or disappointment again? Ernesto Zedillo introduces an eBook he co-edited that illustrates some of the ambitious but necessary steps needed to unleash the tremendous potential of the African people towards the development of their nations Internationalization of MSMEs crucial to inclusive growth ABAC sees the need to support and strengthen trade and investment linkages between MSMEs and big businesses, writes Doris Magsaysay Ho OBOR: will it reboot the Chinese economy? Pravakar Sahoo discusses the centrepiece of China's foreign policy, and looks at potential future issues Why Berlin and Paris cannot give in to Cameron Sebastian Dullien argues that British interests in protecting the integrity of the single market of 28 countries and the eurozone’s wish to move forward with more integration will inevitably clash The fall of Safe Harbour and the future of transatlantic data sharing The basis of Safe Harbour has been questioned for some time, and in recent years it has become increasingly apparent that an updated privacy regime is necessary, Natasha Simmons writes The rhetoric and reality of the Trilateral and Bilateral Summits: cautious optimism The recent trilateral and bilateral meetings provides an insight into the region's future trade, security and political relations, Stephen Nagy finds Climate change: putting a price on carbon Kurt Van Dender, Johanna Arlinghaus, Luisa Dressler, Florens Flues and Michelle Harding write that carbon taxes and emissions trading systems will play a more prominent role in the future in cutting emissions Africa’s uncompetitive trade deals The trade agreements that African countries enter into are in many cases undermining their development, rather than boosting it, William Gumede argues The quest for financial stability, economic growth, and returns on investment in the post-crisis global economy Jonny Greenhill and Gianluca Riccio say that greater coordination is needed to strengthen the pace of what is currently a lacklustre recovery An opportunity to meet further challenges 2015 offers the opportunity to end poverty, reduce inequality and to avert the destructive effects of a global temperature rise, Petros Fassoulas writes Innovation, decarbonisation, and Europe’s economic transformation Martin Porter writes that it is the time for Europe to lead – not just at COP21, but in its economic approach to the industrial innovation and the transition to a new economy The geopolitics of the TPP: reconfiguring regional architecture in East Asia Stephen Nagy argues that the TPP reconfigures regional architecture in East Asia away from a China-centred economic framework to one that will attenuate Chinese economic domination by the bifurcation ASEAN into TPP members and non-members One court to rule them all? The EU's proposal for a world investment court Hussein Haeri writes about European Commission calls for the creation of a world investment court to resolve investor-State disputes Economic partnership as diplomacy in East Asia Economic liberalisation and integration initiatives are the most important foreign policy strategies in East Asia, Steven CM Wong states Mega regional trade agreements and the Indian economy Bipul Chatterjee and Kyle Cote assess the potential impact of the three mega RTAs on the Indian economy, with particular focus on the TPP and TTIP People, planet and prosperity With the countdown to UN Sustainable Development Goals well underway ICC lends a helping hand for businesses to foster their implementation On the road to Paris. A global deal is our business Emma Marcegaglia has 10 recommendations to ensure success in the COP21 international climate change negotiations Time is up for a Europe resting on its foreign policy laurels Daniel Schade explains why Europe’s status as an economic giant but political dwarf simply isn’t enough anymore Muddling through won’t solve Europe’s problems Benjamin Zeeb explains why Europe has to attempt the impossible to overcome them Beyond greenwashing: when ‘business-as-usual’ means sustainability Fiona Bywaters says that with the right policies in place to facilitate innovation, business has a key role to play in securing a sustainable world for future generations Is there such thing as a gender wage gap? Gender discrimination in the workforce is yesterday’s problem, suggests Ben Southwood Human touch and the future of work Occupations that deal with complexity, supervising, assessing, deciding, teaching, but also care and personal interaction, will be most relevant in the future, Werner Eichhorst writes
What future for Europe? What Europeans decide to do next will determine European’s quality of life, security and prosperity for generations to come, Benjamin Zeeb writes What’s needed to lift growth over the longer term? The G20 Brisbane Action Plan is a reason for more optimism as we enter 2015, Jonny Greenhill and Stephan Mumenthaler write The growing importance of the G20 and the way forward: an Indian perspective India believes it is important that the G20 keeps a watch on changes in composition, nature and distribution of global imbalances and their implications, and to steer work towards their underlying causes, asserts Geethanjali Nataraj Do we have to be afraid of the future world of work? History has shown that human creativity and inventiveness are strong and will always find ways to cope with new situations, finds Werner Eichhorst The EU’s pivot to Asia Europe has steadily increased its engagement with the world’s most dynamic region and home to 60% of the global population, writes Fraser Cameron Did the crisis cause a change in globalization? Henning Vöpel and Hendrik Hüning examine the implications for international business of the change of the dynamic in globalization, which has been intensified by the damaging effect of the financial and economic crisis The world is ready for a global economic governance reform, are world leaders? Global governance will have to adapt much more significantly and quickly or else risk becoming insignificant, argue Jim O'Neill and Alessio Terzi The world in 2020 – making Europe more flexible in a changing world Jim O’Neill and Alessio Terzi argue that Europe needs to be more flexible in a changing world A business platform to shape the G20 agenda The ICC G20 CEO Advisory Group ensures the inclusion of business views in the deliberations of G20 leaders, writes the International Chamber of Commerce Ethics training and government transparency needed to fight corruption, survey reveals Governments and businesses alike need to place the fight against corruption at the top of their agenda says International Chamber of Commerce It’s time to stop investment protectionism James Bacchus, Victor K Fung, Harold McGraw III and Gérard Worms believe that boosting FDI in today’s global economy is a pressing concern to developed and developing countries alike A second thought on economic sanctions Richard Sawaya writes that economic sanctions have been a perennial staple of US foreign policy, currently touted as effective ‘coercive diplomacy’ in the case of Iran Sustainable growth requires a long term focus from business For businesses to thrive in the long term requires both a focus on business opportunities and a broader consideration of corporate governance, Ian Goldin finds The UN's development agenda: an opportunity to cement private sector-led growth The United Nations has embarked on an ambitious effort to define forward-looking objectives to succeed the MDGs. Adam Greene and Norine Kennedy outline the debate