International Economics

Document of interest: G20 Insights on global inequality and social cohesion, and financial resilience

. 6/7/2017.

Recomendaciones al G20 de Andrés Ortega, Miguel Otero Iglesias y Federico Steinberg, investigadores del Real Instituto Elcano, en el marco del T20. El Think20 (T20 es una red de institutos de investigación y think-tanks de los países miembros del G20. Ver también: Real Instituto Elcano en el T20.

Recommendations and visions to the G20 by Andrés Ortega, Miguel Otero-Iglesias and Federico Steinberg –Senior Analysts at the Elcano Royal Institute– within the framework of the T20 process. Think20 (T20) is a network of research institutes and think tanks of the G20 member countries. See also: the Elcano Royal Institute at the T20.


The euro as a social bond: why do Eurozone citizens still back the single currency?

Miguel Otero-Iglesias. ARI 25/2017 - 27/3/2017.

This paper tries to understand why despite the pain in the South of the Eurozone and the anger in the North the majority of the people still support the euro.


Document of interest: Communiqué: G20 Finance Ministers and Central Bank Governors Meeting

. DI/MI - 22/3/2017.

Final declaration of the G20 after the ministerial meeting in Baden-Baden (Germany). The document doesn't include the traditional condemnation of economic protectionism.

Declaración final del G20 tras la reunión ministerial celebrada en Baden-Baden (Alemania) en la que desaparece la tradicional condena al proteccionismo económico.


Reasons for rejecting globalisation: beyond inequality and xenophobia

Miguel Otero-Iglesias and Federico Steinberg. ARI 20/2017 (English version) - 14/3/2017.

The authors analyse reasons accounting for the growing discontent with globalisation and the liberal establishment in advanced democracies.


Spain’s merchandise exports notch up yet another record

William Chislett. Expert Comment 8/2017 - 21/02/2017.

Spain’s exports of goods rose in 2016 for the seventh year running, defying expectations that they would tail off as the economy recovers and domestic consumption picks up.


Italy and Spain: a tale of two countries

Sebastián Puig & Ángel Sánchez. Expert Comment 1/2017 - 4/1/2017.

While Italy is still more economically powerful than Spain, it displays more structural imbalances and declining trends.


Breaking up the Euro would empower the nationalists

Miguel Otero-Iglesias. Op-Ed - 21/11/2016.

Despite recent tensions, the Euro has created deep ties that go beyond economic cooperation and are integral to European identity.


Trump on trade: from populism to policy

Richard Higgott. Expert Comment 48/2016 - 14/11/2016.

The future of the global trade regime depends on educating Trump and his supporters that free trade is an opportunity, not a risk, and that the WTO is still the best place to secure the norms of an open liberal trade system.


Panama Leaks and the Tide of Tax Reform

Leonard Seabrooke and Duncan Wigan. Expert Comment 16/2016 - 13/4/2016.

The leak of the ‘Panama Papers’ has created an enormous scandal and, more importantly, a great deal of political momentum for the international tax-reform agenda.


Document of interest: IMF - World Economic Outlook: Too Slow for Too Long

. MI - 13/4/2016.

The baseline projection for global growth in 2016 is a modest 3.2 percent, according to the last World Economic Outlook by the International Monetary Fund. The recovery is projected to strengthen in 2017 and beyond, but uncertainty has increased, requiring urgent, broad-based policies to be adopted. Full report.

En el World Economic Outlook de este mes de abril, el Fondo Monetario Internacional fija su estimación del crecimiento global en un modesto 3.2% para este 2016. Aunque se espera que la recuperación se fortalezca en los próximos años, también ha aumentado la incertidumbre, lo cual requiere de la adopción de medidas urgentes. Informe completo.