globalization latest publications

March 14, 2022

Global | Inflation: an uncertain reality

The ECB and most central banks in developed economies have taken up the baton by setting an inflation target of 2%. This is an unenviable task: the only genuinely and uncontested effective tool at their disposal is interest rate control, which loses effectiveness the further inflation is from the set target.

March 29, 2021

Global | The new normal of international trade

The expansion of global trade has slowed in recent years, following a long period of exuberance. How will trade flows evolve over the next decade, taking into account recent trends such as the pandemic and climate change, as well as other factors?

March 23, 2021

Global | Prospects of international trade by 2030

International trade will slow down by 2030, due to both traditional factors (technology, economic development, trade policies) and new determinants (COVID-19, sustainability).

January 12, 2021

Global | Rebuilding trust in the digital age

COVID-19 dealt a heavy blow that moved us firmly into the digital age. Thus, in 2021 it will be crucial to shape and strengthen the agreements and institutions to thrive in such a landscape. And there are various obstacles to overcome in that regard.

September 21, 2020

Global | Multibilateralism

The rules-based approach to the governance of the trade of goods and services and investment flows is facing increasing challenges against the background of rivalry between the United States, China and Europe. The Asian country now being considered a strategic competitor and a systemic rival.

June 29, 2020

Global | For the love of trade

The drop in the volume of global trade is reflecting the most severe global recession since the Second World War, both due to the economies affected and the intensity of the expected falls in GDP over the middle quarters of 2020.

June 18, 2018

G7, wounded in action

The US’ decision, just hours after the G7 summit, not to support its closing joint communiqué reaffirming the need for regulated, open multilateral global trade, may have come as a surprise to many, but it was not really surprising.

June 14, 2018

World Trade at a Crossroads

USA, EU and China are the main nodes of the world trade network. 1980-2008 was the most recent period of high dynamism of trade boosted by EM growth, technological and logistic advances and, last but not least, enhanced multilateralism approach. The globalization challenge is to reach a more even distribution of its benefit…