Promoting the ideas of freedom
Javier Milei discusses the relationship between economic efficiency, ethics and public policy, drawing on economic and philosophical traditions to argue that justice and efficiency are interconnected
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Thought
The end of the world order
The great powers are trashing the global rules-based order. Mark Carney argues that middle powers can maintain some sovereignty and control over their own destinies in a new era of superpower rivalries by working together to fight for their values
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Addressing Europe’s services dependencies
The geopolitical order keeps shifting. Agnès Bénassy-Quéré, Giancarlo Corsetti, Giulia Sestieri and Rolf Strauch discuss the economic security issues raised by services trade in the EU and call for a common industrial policy for services to boost competitiveness
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Global imbalances in a more fragmented world
Andrew Bailey emphasises the need for robust international cooperation, supported by multilateral institutions, and why they need to be supported by an international rules-based system, setting out some of the conditions that help make this system work and what challenges they might face
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Has the global minimum tax survived Trump?
It is accepted that international tax competition is harmful. Pascal Saint-Amans writes that US objections have not killed off the 15 percent global minimum tax, but they have altered it and given the US a competitive advantage
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AI risks for employers and employees
AI-powered transcription tools are increasingly used in the workplace. Aida Ponce Del Castillo argues in an analysis from data protection law and the AI Act that their deployment raises risks both for employees and employers
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Cast adrift
2025 has been marked by escalating geopolitical fragmentation. In the foreword to the Winter edition of World Commerce Review the editor asks if the European Union can arrest its economic drift and assert its latent potential, and this is one of the most pressing questions for the emerging global order
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Kickstarting innovative growth in Europe
Maximising the European Union’s innovation capacity is an overriding EU policy priority. Fiona Scott Morton and Reinhilde Veugelers propose an optional EU regime to lower barriers for high-growth startups via swift incorporation, simple governance and crossborder access
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Securing financial sovereignty
Governments globally have been ramping up initiatives to modernize their digital payment and financial systems. S Yash Kalash writes that nations must guard, strengthen digital rails to secure financial sovereignty
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The next steps for European economic security
The world has changed fundamentally. Ignacio García Bercero and Niclas Poitiers argue that the EU needs a balanced strategy to cut reliance on the US and China while improving its capacity to counter coercive economic threats
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