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Covid-19 and the Danger of Self-sufficiency: How Europe’s Pandemic Resilience was Helped by an Open Economy
During the Covid-19 pandemic, Europe has benefitted strongly from being an open economy that can access goods and services from other parts of the...
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Global Trade Today is Global Value Chains
In the last 25 years global value chains have come to dominate global trade in a way surprisingly little discussed or understood. To meet the policy...
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Global Trade Today: Five Basic Facts about Global Trade
There is a paradox in the global debate about trade. It has never been easier to trade internationally, but global trade is poorly understood....
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Work for Others, not Yourself: Globalisation, Protectionism and Europe’s Quest for Strategic Autonomy
Protectionism and mercantilism are yet again at the centre of global economic policy. “America First” is the guiding ethos in a good part of US...
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Globalisation Comes to the Rescue: How Dependency Makes Us More Resilient
A new consensus is growing across the European Union – and other parts of the world too: that globalisation has gone too far. The argument goes as...
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Globalisation Isn’t in Decline: It’s Changing
Globalisation isn’t in decline; it is simply changing. Although the COVID-19 crisis has seen a dramatic decline in goods trade, investments and the...
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Shifting into Digital Services: Does a Crisis Matter and for Who?
How do trade patterns change after an external shock such as an economic crisis, and is this shift structural? This paper uses a...
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Unintended and Undesired Consequences: The Impact of OECD Pillar I and II Proposals on Small Open Economies
Corporate tax laws vary significantly between different jurisdictions. Over the past four decades, governments globally competed for business...
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The Tragedy of International Organizations in a World Order in Turmoil
By Jean-Jacques Hallaert, Member of the Groupe d’Economie Mondiale (GEM) at Sciences Po. China’s rise and the U.S. response to the perceived...
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Learning to Love Trade Again
We are at the moment, the first in seventy-five years, where there is no international consensus in support of trade. Indeed, trade is unloved,...