International Economics

Mounting pressure on Moroccan economic policy reform

Gonzalo Escribano. Expert Comment 59/2013 - 8/10/2013 .

Since the November 2011 legislative elections, the Moroccan government led by the Justice and Development Party (PJD) has struggled to keep the economy on track despite the global economic crisis –which has severely affected its main southern EU partners– and the impact of the Arab revolts.

Emerging Spain?

William Chislett. WP 12/2013 - 4/10/2013.

Spain is coming out of recession, but the crisis is far from over. The government cannot afford to rest on its laurels and relax the pace of reforms. To do so, would store up problems for the future.

After the storm: international monetary implications of a reborn euro

Federico Steinberg. WP 13/2013 - 8/ 7/2013.

A reborn Euro Zone will have more international monetary power, but it is unclear if it will be a stabilising or a destabilising force for the IMS.

Child well-being in Spain: the impact of the crisis

William Chislett. Expert Comment 34/2013 - 25/4/2013.

Children are the last people responsible for Spain’s crisis in all its many dimensions, but they are suffering the consequences to an equal or greater extent than other collectives, although this is not as visible as it is for other groups and is mainly confined to dramatic images in the media.

Internationalisation as a lever to overcome the crisis

Alfredo Arahuetes and Federico Steinberg. WP 5/2013 (Translated from Spanish) - 23/4/2013. Go to Spanish version

How can internationalisation help Spain overcome its recession? This paper first looks at the benefits of internationalisation from a theoretical standpoint. It then reviews the Spanish economy’s internationalisation process, pointing out its strengths and weaknesses. Finally, it presents lessons and recommendations on the basis of both international and Spanish evidence.

Critical metals: risks and opportunities for Spain

Miriam Solera. ARI 12/2013 - 15/4/2013.

In recent years there has been a rapid expansion in the global renewable-energy and energy-efficiency technology markets. However, most low-carbon technologies require so-called ‘hi-tech’ or ‘critical’ metals, for the majority of which the EU’s member states have high import dependency rates.

Foreign Direct Investment in Spain: holding firm despite (or because of) the crisis

William Chislett. ARI 10/2013 - 8/4/2013.

Spain continues to draw significant levels of foreign direct investment (FDI), despite (or because of) the crisis. Reforms are making FDI in the country more attractive.

Towards a common external representation for the eurozone?

Daniela Schwarzer, Federico Steinberg and Diego Valiante. TGAE-Elcano 3/2013 - 26/3/2013.

Since the introduction of the euro in 1999, the external representation of the eurozone has been incrementally developed, but no formal amendments have been made. This Policy Paper discusses the case for a consolidated representation of the eurozone in international economic fora, analyses the obstacles to achieving it, and puts forward proposals to solve some of the existing obstacles.

A New Union of Creditors and Debtors

Federico Steinberg. Expert Comment 19/2013 - 28/2/2013.

The Euro Zone (EZ) debt crisis has dramatically changed the nature of European integration. The combination of poor financial regulation and an incomplete design of the euro have led EMU to the brink of collapse, forcing the EZ to move forwards decisively in order to avoid catastrophe.

A Political Economy Perspective on North Africa’s Transitions

Gonzalo Escribano. WP 3/2013 - 30/1/2013.

From the point of view of political economy, a crucial point is whether the wave of popular revolts that overthrew the incumbent regimes will consolidate into economically-viable liberal democracies, and in what economic direction Algeria and Morocco will move, since to date they have been spared regime changes with a high budgetary cost.