The problem with preferential trade agreements
Preferential agreements can be an alternative to a sclerotic WTO, but, if multilateral rules fail, they also risk conflict between trading blocs. Uri Dadush and Enzo Dominguez Prost discuss
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Global Economy
Trade fragmentation matters for bank credit supply
Claudia Buch, Linda Goldberg and Björn Imbierowicz discuss new evidence from the International Banking Research Network on how trade uncertainty can be amplified through the supply of credit
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The EU’s strategic dependencies unveiled
Román Arjona, William Connell Garcia and Cristina Herghelegiu examine the EU’s dependencies in traded goods and find that the EU benefits greatly from its wide participation in international value chains
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The cooperation imperative
The world’s international economic institutions have helped reduce conflict and support growth. Tim Sargent, Paul Samson and Hector Torres discuss why we need to fix our international economic organizations
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Development debates in a historical perspective
Globalization is changing. José Antonio Ocampo argues that the United Nations should be at the centre of a revitalized multilateralism
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Is it now time for industry 4.0?
The much anticipated fourth industrial revolution hasn’t happened yet. Richard Markoff and Ralf Seifert discuss the many factors that have slowed the progress of industry 4.0
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Ukraine’s needed post-war institutional changes
Tymofiy Mylovanov and Gerard Roland argue that Ukraine must strive to become a full-fledged liberal democracy and identify priorities for the country’s institutional reconstruction
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Africa’s mineral resources are critical for the green energy transition
The UN warns that the transition from fossil fuels to renewable energy sources will have to be ramped up. Danielle Marais discusses the role African mineral resources will have to play in the transition
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Scaling up climate finance for EMDEs
The growing impact of global warming reminds us of the urgency of the green transition. Bo Li argues that without decisive action things are set to get worse
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The evolution of Russia sanctions in 2022
Russia’s entry into Ukraine set off an unprecedented wave of sanctions and export controls. Nancy Fischer, Steven Farmer and Iris Karaman review the impact on Russia and the global economy
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