There Are No Shortcuts to Economic Development

The road to decarbonizing the planet runs through the energy transition, which includes the shift from fossil-fueled cars to renewable energy vehicles. This automotive transition is unfolding as a true revolution in the industry. The evolution toward electric and hybrid vehicles has come in tandem with the ascent of Chinese producers. In the current context of geopolitical and technological rivalries, the automotive transition has been marked by an intense trade war, with implicati ...

Multiple shocks faced by the global economy over the past three years have apparently shaken the conventional wisdom on gains from economic integration, and have sparked widespread calls for protectionist and nationalist policies. Is there already evidence of some ‘deglobalization’, or do the factors that underlie globalization remain strong enough despite the shocks? So far, there are no signs of an overall reversal in the long-term trend of greater global trade integration. Howev ...

The global economic environment has changed as the U.S.—and to a less confrontational degree, the European Union—have clearly established a context of technological rivalry with China. Hindering China’s progress in the sophistication of semiconductor production has become a centerpiece of current U.S. foreign policy. While the U.S. is clearly winning the semiconductor war, the picture is different when it comes to clean-energy technology. Both technology wars overlap with access to ...

The COVID-19 pandemic has had a huge impact on the global economy and has challenged the best minds to rethink how to design and implement an effective recovery. Countries in the wider Atlantic region have exhibited differential trajectories in traversing the pandemic. A number of countries in Europe succeeded in vaccinating most of their eligible populations, enabling life to return somewhat to normal. A smaller group of countries in Europe could manage infection rates even more ti ...

مقال نشر للمرة الأولى على موقع بروجكت سيندكايت   واشنطن - تُثير موجات نقص الإمدادات الناجمة عن اندلاع الجائحة المخاوف بشأن الأمن القومي في الاقتصادات المتقدمة. ونظرًا إلى شعورهم بالقلق إزاء الاعتماد المفرط على التصنيع الصيني، اقترحت كل من الولايات المتحدة والاتحاد الأوروبي واليابان مبادرات لنقل الإنتاج. وهم ليسوا بمفردهم. تكتسب عملية إضفاء الطابع الجيوسياسي على الصلة بين التجارة والصناعة والأمن المزيد من الزخم في العالم النامي أيضًا. ومن غرب البلقان إلى أمريكا اللاتينية، ترى الحكو ...

This article was initially published on project-syndicate.org   Supply shortages during the COVID-19 pandemic have set off a rush to reshore or nearshore production in the name of national security and resilience. But policymakers tasked with shaping new industrial policies should have no illusions that there are shortcuts to economic development. WASHINGTON, DC – Pandemic-induced supply shortages have heightened national security concerns in advanced economies. Worried about ove ...

Le Sommet Union européenne (UE) - Union africaine (UA), qui s’est tenu à Bruxelles les 17 et 18 février 2022, entend marquer un tournant dans les relations entre les deux continents. L’agenda européen pour l’année 2022 met au centre de ses priorités les relations Europe - Afrique. Celles-ci sont aussi l'un des principaux axes défendus par la Présidence française du Conseil de l’Union européenne (PFUE) et le Président français Emmanuel Macron dans de son discours inaugur ...