International Economics

The Little Known Story of Spain’s Export Success, but How Long will it Last?

William Chislett. ARI 60/2012 - 17/9/2012.

Every crisis has a silver lining. Spain’s four-year recession, apart from anaemic growth in 2011, has produced an unprecedented surge in exports, helping to lower the trade deficit and contributing to a turnaround in the current account. But for how long can this be sustained?


Difficult policy choices in China’s slowing economy

Pablo Bustelo. Expert Comment 16/2012 - 5/9/2012.

Contrary to expectations, China’s economy did not improve during the second quarter of this year (2Q12). Most surprising was the fact that economic conditions worsened despite significant monetary and fiscal easing in previous months.


Spain's Balancing Act: Net Contributor or Net Beneficiary of the EU Budget

Mario Kölling & Cristina Serrano Leal. ARI 50/2012 - 12/7/2012.

In the ongoing negotiation of the MFF 2014-2020, Spain has to balance several interests, requiring a flexible position combined with some firm principles.


Country’s fall from grace is greatly exaggerated

William Chislett. Opinion - 12/6/2012.

Spain’s fall from grace is exaggerated. The image is out of sync with reality, yet the perception, for many, is the reality.


A bail-out that leaves questions unanswered

Federico Steinberg. Opinion - 11/6/2012 (Translated from Spanish). Go to Spanish version

Good strategists know that it is risky to have to fronts open at the same time while in a state of internal weakness. That is why the Euro Zone, which is at its darkest hour, has decided to close the Spanish front in order to focus on the Greek one, which could open up again after the elections on 17 June.


Saving the Euro requires a great leap forward in political integration

Federico Steinberg. Opinion - 11/6/2012 (Translated from Spanish). Go to Spanish version

Ever since the Greek crisis broke out, Germany has been mulling over a plan for the Euro Zone. It saw the chance to build the strong and federal Europe it had always yearned for by making use of its economic power and influence over the ECB to ensure that aid for hard-pressed countries would only be made available in exchange for greater transfers of sovereignty.


Reframing the euro vs. dollar debate through the perceptions of financial elites in key dollar-holding countries (*)

Federico Steinberg and Miguel Otero-Iglesias. 7/6/2012.

This paper proposes a theoretically-informed and empirically-grounded cognitive approach to analyse how financial elites from China, the Gulf Cooperation Council states and Brazil interpret the euro vs. dollar debate.


The Rise of Spain’s International Presence, por/by William Chislett

William Chislett. 21/5/2012.

Written by William Chislett, this document forms part of  “Spain’s Global Presence and Company Brands Atlas” which will be published by the Leading Brands of Spain Forum in the autumn.


Emerging Economies and the New Energy Security Agenda (ARI)

Jorge Blázquez and José María Martín-Moreno. ARI 33/2012 - 27/4/2012.

The influence of the emerging economies on the energy markets is becoming as important as that of the developed economies. The new energy security agenda to be implemented in the coming years will have to deal with this scenario.


Ecuador’s Energy Policy Mix: Development, Conservation and Nationalism with Chinese Loans (ARI)

Gonzalo Escribano. ARI 26/2012 - 17/4/2012.

Ecuador’s energy policy faces a complex variety of political and economic objectives that are difficult to reconcile in a consistent manner.