A moment of unlimited potential On February 4, 2020, President Donald J Trump delivered his third State of the Union address, saying that Americans must choose whether they are defined by differences or whether they dare to transcend them

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Top 20 articles of 2019 Digital currencies, trade issues, climate change, and the European Union were some of the topics generating the most interest. To close out 2019, here's a look back at our most-read pieces of 2019. An existential threat There is mounting evidence of the damage caused by climate change. Daniel Dăianu says policymakers and central banks need to be increasingly concerned
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

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A giants' advance Nirupama Soundararajan asks if the $5 trillion economy target is meaningful, and argues that India's growth should be in alignment with the SDG goals The future of the euro area economy Europe needs to strengthen common institutions and empower the European economy to respond to today’s challenges, says Christine Lagarde. This would be a game changer for Europe’s stability and prosperity and for that of the global economy, too How to make the European Green Deal work Ursula von der Leyen has proposed a European Green Deal to make Europe climate neutral by 2050. Grégory Claeys, Simone Tagliapietra and Georg Zachmann consider how this initiative could be made to work The world turned upside down Little has changed since the 2008 financial crisis. Mervyn King considers economic policy in turbulent times, and argues that the global economy needs to reform

Brexit ePub

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 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 We share a responsibility to protect our democracy The European Union and its values need to be safeguarded. Omri Preiss outlines the steps needed to engage citizens and build up a culture of civic responsibility

EU ePub

Malta: A high-value investment for your future Q&A with Jonathan Cardona, Chief Executive Officer of the Malta Individual Investor Programme Agency, outlining the benefits Malta offers investors Liberals and women’s rights: past and present There has been a century of female suffrage in the Netherlands. Fleur de Beaufort and Patrick van Schie consider the differing demands of feminists now and a century ago
Hybrid and cybersecurity threats Maria Demertzis and Guntram Wolff find that EU finance ministers should advance a broader political discussion on the integration of the EU security architecture applicable to the financial system

Tax ePub

Who needs a blockchain? In a wide-ranging interview with WCR Lyle Wraxall explains how diversity will drive the adoption and understanding of blockchain across the Isle of Man’s business communities and beyond Truths about trade Cecilia Malmström says the best that we can do is hold on to our values – what we believe to be good and right – but always be ready to challenge received ideas through rigorous research and understanding
How Britain will react to a WTO-based Brexit A 'No Deal Brexit' is the most likely outcome. Patrick Minford explains how it is a recipe for UK economic success, free of the shackles of EU protectionism, budget costs, intrusive regulation and subsidisation of unskilled immigration

Executive Development ePub

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 Challenges in the digital age Industry 4.0 is creating many challenges and opportunities. Vincent Labhard, Peter McAdam, Filippos Petroulakis and Lara Vivian review a recent ECB conference Border carbon tariffs: giving up on trade to save the climate? Ursula von der Leyen plans to introduce a border carbon tax to avoid forcing EU companies to move their activities abroad. Henrik Horn and André Sapir ask if trade and climate preservation can coexist? The growing challenges for monetary policy Mark Carney considers the challenges posed by the international monetary and financial system for the conduct of monetary policy across the world Perspectives on the soft power of EU trade policy The EU has to reposition its trade policies. San Bilal and Bernard Hoekman ask whether the EU has been effective in its pursuit of non-trade policy objectives Possible risks in Facebook’s pursuit of a ‘stablecoin’ Facebook’s new cryptocurrency has the potential to be attractive to those countries that do not have strong sovereign currencies. Maria Demertzis and Jan Mazza write that regulators have so far treated cryptocurrencies as a minor risk to national economics, but Libra could change everything

Corporate Aviation ePub

Redefining Europe’s economic sovereignty Mark Leonard, Jean Pisani-Ferry, Elina Ribakova, Jeremy Shapiro and Guntram Wolff make recommendations on how to adapt the EU and national policy systems to better integrate economic and geopolitical considerations A strategic agenda for the new EU leadership Maria Demertzis, André Sapir and Guntram Wolff present a memo to the presidents of the European Commission, Council and Parliament, focussing on the most important economic questions at EU level

Finance ePub

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 Weaponising ODI Nirupama Soundararajan and Dnyanada Palkar examine if India could use overseas direct investment as an economic tool to further its geopolitical goals India at a crossroads The global economy is entering a turbulent phase. Abhijit Mukhopadhyay considers where India sits in an era of bilateral and plurilateral trade agreements 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 Human/e capitalism: work, knowledge and non-hierarchical cooperation Paid work has become more diverse and fluid. Werner Eichhorst writes that for companies to harness the potential of workers they will need to collaborate and let them do their job 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 Global economy threatened by ‘sustainable’ investments Governments are pressuring portfolio managers to invest their clients’ funds in sustainables. Martin Hutchinson critically examines the arguments made in favour of investing in sustainables 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 Has AI really lived up to the hype? In many cases AI is changing the world. Nikolas Kairinos talks about the evolution of AI and the prospects on the horizon for society 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 Sovereignty in a globalised world Countries need to work together to exercise sovereignty in a globalised world, says Mario Draghi. EU membership helps countries withstand external pressures and achieve policy goals they could not realise alone EU membership has many benefits, but economic growth is not one of them In new research Thomas Barnebeck Andersen and Pieter Vanhuysse looked at whether joining the EU has actually increased economic growth for EU member states. In a nutshell, most probably it has not Seamless connectivity A series of measures taken by the Indian government has enabled a seamless connectivity through inland water transport among BBIN countries. Bipul Chatterjee and Veena Vidyadharan consider the effects on the region A commitment to shared prosperity If the European Union draws on its roots and finds a way forward through shared prosperity, Christine Lagarde believes the next chapter of unity in Europe will begin 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 Europe and the euro 20 years on We should consider the gains made as a result of having one market with one money, says Mario Draghi, outlining how the Single Market has benefited the people of Europe over the past 20 years A new vision for trade The Foundation for European Progressive Studies present a vision that can form the core of a new, forward-looking progressive model for trade and investment 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 Geotechnology meets geopolitics Stephen Nagy examines China’s geotechnology strategy and its relationship to the Sino-US artificial intelligence rivalry On populists, immigration and welfare Niek Kok examines the rise of 'right-wing' populism in Europe, and finds that their policies match those of the social democrats of the mid-twentieth century Between a rock and a hard place European companies are squeezed between US sanctions and the new EU blocking statute. Matthew Oresman and Henrietta Worthington discuss 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 The outlook for the euro area economy Completing EMU has become more urgent over time, not less urgent, says Mario Draghi. Completing the banking union and starting work on the capital markets union are the best ways to respond to the threats currently facing our monetary union What 'EU sovereignty' are we talking about? Emmanuel Macron has called for 'European sovereignty'. Daniel Dăianu discusses what this may mean for Europe and the transatlantic relationship Age of ingenuity Christine Lagarde reimagines 21st century international cooperation, when the world delivers a new burst of creativity in solving shared challenges How far can trade policy go in promoting European values? The EU can and should use trade agreements to promote European values but not at the expense of its economic interests, argues Luisa Santos Tax reforms accelerating with push to lower corporate tax rates Tax Policy Reforms 2018 describes the latest tax reforms. Pascal Saint-Amans says there is a crucial need to continue addressing equity issues and environmental challenges

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