Money isn’t flowing to the most impactful circular solutions: we’re funding waste management over waste prevention. Ana Birliga Sutherland and Marvin Nusseck say if we’re serious about building a resilient circular economy, financial systems must rise to the challenge
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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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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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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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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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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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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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For central banks to fulfil their mandates they must take account of the natural environment. Frank Elderson discusses the looming economic crisis from nature loss and the risk sitting on company and investor balance sheets
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How will AI and generative AI in particular, affect workers and the labour market in the years ahead? Michael Barr examines the issues and feels that AI is likely to boost productivity, increase scientific discovery, and transform the nature of work
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We live in a world where big economic shocks can test the strength and resilience of the framework for monetary policy. Andrew Bailey discusses monetary policy in a world with big shocks, describing how scenario analysis can enrich monetary policy deliberations
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