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 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.
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.
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.
The EU-India relationship is so distant because neither the EU nor India have paid much attention to each other.
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?
A balanced assessment has to conclude that Spain’s recent economic performance has as much light as shade.
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.
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.
19 - 25 of 28 pages