International Economics

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.

What Europe needs is not an end to the euro, but better leadership

Miguel Otero-Iglesias & Erik Jones. Op-ed - 22/3/2016.

What the European Union needs is not an end to the single currency, it is better economic leadership.

The interdependence of the British economy: a contribution to the Brexit debate

Alfredo Arahuetes and Federico Steinberg. ARI 29/2016 (English version) - 17/3/2016.

It is not easy to justify the UK’s exit from the EU on the grounds of economic arguments.