A partner in progress and prosperity
The potential of India is enormous. Sanjay Malhotra presents his perspective on how India is poised to be a dynamic powerhouse of opportunities, innovation, and sustainable growth in the years to come
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Global Economy
Why the US and the WTO should part ways
The US embrace of power politics violates both the letter and spirit of the WTO’s GATT, undermining the integrity of the multilateral trading system. Henrik Horn and Petros Mavroidis suggest that such violations are unlikely to cease in the foreseeable future
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FUD and the rise of economic nationalism
The world is in a fragile state. Graham Bright considers the global trade landscape and fears that rather than a golden age, we must all be prepared to endure sustained and growing risks of global political instability and conflict
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Disregarding lessons from history
History is full of evidence that tariffs harm economic performance. Michael Bordo and Mickey Levy assess the two waves of globalisation in modern history and how they were interrupted by tariffs and barriers to trade, and outline possible scenarios and probable outcomes
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A trade war would undermine America’s innovators
Trump is correct to seek to revitalise American manufacturing. Stephen Ezell and Rodrigo Balbontin argue that the heavy reliance on tariffs is counterproductive and urge a smarter strategy focused on strategic investments in R&D, trade agreements, and support for innovation ecosystems
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A new ‘poly’ global reserve currency
The US dollar has dominated global finance for nearly a century. Giovanni Tria, Paul Samson and Angelo Federico Arcelli consider a proposed euro-led ‘poly’ digital currency basket to complement the dollar, that could help stabilise the monetary system
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Geopolitical risks and the EU
Global political tensions have amplified economic uncertainty. Roberta Arbolino and Paolo Di Caro evaluate the negative implications for consumption, investment, and saving decisions, and for the effectiveness of structural policies
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Lessons from the history of international currencies
There are moments when foundations that seem unbreakable begin to shift, says Christine Lagarde. She believes the euro could become a viable alternative to the dollar, earning the EU immense benefits, if governments could strengthen the bloc’s financial and security architecture
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How the EU should plan for global trade transformation
Ignacio García Bercero argues that the current turbulence being experienced by the world economy is also an opportunity for the EU to forge a coalition in support of rules-based trade and global trading system reform
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What should the EU aim for?
The European Union is a pillar of the trading system. Ignacio García Bercero argues the EU should plan for both the short term and the long haul in trade talks with the United States
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