Is the world economy seizing up? It’s not just because of China
Is the world economy grinding to a halt? We are probably in the midst of a long cycle or facing a worldwide readjustment or purg.
Technology and economics
China has changed the global economic order – with the help of Europe
Ancient Chinese strategists always believed that a tripolar system is the best political configuration for stability. The same goes for global economic governance, and the three main poles (although not the only ones) should be: the US, China and the European Union.
The institutional limits to the internationalisation of the RMB
The recent inclusion of the renminbi in the IMF’s Special Drawing Rights is a major victory for the People’s Bank of China. Yet for a currency to be highly internationalised, the issuing country must have a stable and transparent political and legal framework.
The discreet burial of the Doha Round
Late last year the ministerial meeting in Nairobi of the WTO quietly consigned the Doha Round to the grave, after 14 years of more or less futile efforts.
Should the EU grant China Market Economy Status? A Machiavellian approach
There is now a legal battle between those that think that China will obtain the Market economy Status (MES) automatically, and those that believe that China will continue to have to prove that it is a market economy.
EU-India relations: let’s focus on getting to know each other better
The EU-India relationship is so distant because neither the EU nor India have paid much attention to each other.
Draghi’s morphine has stalled the Eurozone’s reform efforts
More than three years after the agreement on a banking union for the Eurozone, ¿what has been achieved in making the EMU a more stable construct?
Weaknesses remain, but Spanish growth prospects aren’t bad
A balanced assessment has to conclude that Spain’s recent economic performance has as much light as shade.
A new multilateral bank to boost investment in infrastructure in Asia
The establishment of the Asian Infrastructure Investment Bank (AIIB) faces major challenges in coming months. It also offers new opportunities to re-launch economic and trade relations for Europe and Asia and for international infrastructure companies.
Europe gets more unicorns
Although improving on them, Europe is short of unicorns, technology startups that have increased quickly in value by more than one billion USD by fundraising.
BRICS: forging ahead despite bumpy economic prospects
The BRICS have just held their annual summit in Russia, amid looming concerns of financial turmoil in China, Europe and beyond. While not much has come out of the meeting, the differences between its members have been evident, signalling a shift in the bloc’s future dynamics.
No longer emerging economies, downwardly mobile
The emerging economies have stopped doing so, or at least they will do so much more slowly, according to the latest report of the World Bank.