International Economics

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.

The pain in Spain: political, social and foreign policy implications of the European economic crisis

Charles Powell. 31/12/2012.

This paper analyses the effects of the current economic crisis on the domestic, foreign and transatlantic relations in Spain. It also focuses on the economic and political reforms undertaken in response to the crisis, its impact on the country’s foreign policy agenda and advances a series of policy recommendations to help prevent the crisis from undermining the transatlantic relationship.

The Pain in Spain: Light at the End of the Tunnel?

Charles Powell and Federico Steinberg. 12/12/2012.

Spain will undoubtedly require external financial help from its European partners, as well as more time and flexibility to achieve its fiscal targets. But it also has a number of strengths that are too often overlooked.

Shifting Towards What? Europe and the Rise of Unconventional Energy

Gonzalo Escribano. ARI 82/2012 - 10/12/2012.

Although the emergence of the US as an unconventional energy power is shifting the global energy balance, its geopolitical consequences for the EU should not be exaggerated and should not distract attention from Europe’s already pressing energy policy agenda.

Are the BRICs Broken?

Iliana Olivié. Expert Comment 34/2012 - 6/11/2012.

It is very tempting to interpret the slow growth in China or Brazil as an indicator that the so-called emerging countries also jumped on the decade’s cheap financing bandwagon that has now come to an end for all of us.

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.