After nearly 20 years of on-off negotiations, the European Union and Mercosur – a customs union covering Argentina, Brazil, Paraguay and Uruguay – in June 2019 reached a political agreement on a trade deal. But to derive the full benefits from the EU-Mercosur agreement, major reforms will be needed. […]
President Trump and his trade team are set on a path of protectionism and economic nationalism. Trump’s intended measure raises four issues for the EU […]
The current stock market turmoil began on Wall Street over inflation and interest worries and has spread across the world. With equity indices down nearly 10% […]
This brief reviews the main features of the recent globalization, attempts to explain its persistence over the centuries and why it is likely to persist in the indefinite the future […]
In the face of exceptional challenges, the G20 should step up its efforts in 2017 to preserve the current global trade and investment system, including effective multilateral dispute settlement procedures, while not losing sight of medium-term reforms. The G20 should focus on (1) supporting the World Trade Organization, (2) being upfront about the mixed effects of trade and investment, (3) improving G20 measures to tackle protectionism and (4) promoting investment facilitation. […]
The disciplines governing foreign direct investment lie in the shadow of those governing global trade, as there is no single, comprehensive multilateral treaty or institution to oversee investment activity. […]
The manipulation of economic statistics has failed to accurately reflect the underlying economic reality. For this reason, gathering more nuanced and better-targeted statistics must be prioritized. […]
Propping up the euro through contentious fiscal and banking arrangements, all without adequate guarantees from countries on Europe’s periphery, may not produce the long-term stability that is in the interest of both sides of the Atlantic. […]
China is becoming an increasingly significant economic partner for Latin America. But its rise is part of a broader, long-term shift towards a world in which emerging markets have greater economic weight. […]
Although Cannes provided the United States and the broader G20 with an opportunity to rescue Europe from its current economic turmoil, the G20 did not make the tough decisions necessary to end the Eurozone crisis. […]
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