Fireside Chat - Resisting the Fragmentation of the World Economy

The “middle income trap” may well characterize the experience of Brazil and most of Latin America since the 1980s. Conversely, South Korea maintained its pace of evolution, reaching a high-income status. Such divergence of economic growth can be related to their distinctive performances of domestic accumulation of technological and organizational capabilities. Their different approaches to global value chains and trade globalization reinforced such discrepancy in domestic accumulati ...

The year 2020 is one of the most difficult years for the global automotive industry. The pandemic first appeared in a region of China known for its developed automotive sector. Initially, it was the South Asian manufacturers who first felt the impact of the shutdown in China before the pandemic shifted to Europe and the United States and before the disruption of value chains took on a global dimension. In Morocco, the sector has not remained immune to this turbulent context and its ...

The crisis of the new Coronavirus is exacerbating the tensions between the United States and China, thus foreshadowing a war without guns, in which the stakes are neither territorial nor ideological, but economic. Having adopted a vehement attitude towards China, well before this crisis, the tenant of the White House has brandished the threat of economic sanctions against China and is pushing towards its isolation on the international scene in order to contain its influence. In cont ...

On February 18, 2020, a few weeks before COVID-19 became the number one concern for politicians and the public, Emmanuel Macron delivered a long-awaited speech in Mulhouse in which he emphasized the importance of fighting what he called “Islamist separatism”. Many analysts were surprised by this declaration which differed from previous statements he’d made, following his election, about the need to institutionalize Islam. This policy brief explores the background to the institutiona ...

Les découvertes géantes de gaz au Mozambique, soit 160 trillions de pieds cubes (4 530 milliards de mètres cubes), vont permettre à ce pays très pauvre (6 e produit national brut [PNB] par habitant – le plus faible du continent africain) de devenir un des futurs grands producteurs de gaz naturel liquéfié (GNL) au monde d’ici deux décennies. La plupart des majors occidentales et asiatiques sont théoriquement prêtes à investir plus d’une centaine de milliards de dollars (Mds de $) dan ...

Green finance has been a burgeoning sector since the Paris Agreement and is at the crossroads of financial, socio-economic and environmental challenges. It is hybrid in nature: it uses financial instruments and focuses on environmental issues, while coming under the wider field of so-called “sustainable” finance that assumes a broader approach with the inclusion of socio-economic and governance challenges. It is a catalyst as it facilitates and accelerates the transition to a low-ca ...

A previous CINDES’ policy brief, issued in May 2019, addressed the first months of Brazilian President Jair Bolsonaro’s foreign policy. According to its conclusions, there were “strong indications that a rupture in Brazil’s foreign policy is deliberately being promoted”, at the economic as well as the political level. Taking stock of the evolution of Bolsonaro’s foreign policy in the eighteen months of his tenure as President, this second brief discusses to what extent the intended ...

La finance verte est un champ en plein développement depuis l’accord de Paris, qui se situe à la croisée d’enjeux financiers, socioéconomiques et environnementaux. Elle est de nature hybride : opérant avec des outils financiers, elle se concentre sur les questions environnementales, tout en appartenant au champ plus large de la finance dite « durable », qui adopte une approche élargie avec l’inclusion d’enjeux socioéconomiques et de gouvernance. Elle possède une capacité catalytique ...

During the medal ceremony at the Olympic Stadium in Mexico City on October 16, 1968, two Black American athletes, Tommie Smith and John Carlos, each raised a gloved fist during the playing of the U.S. national anthem. The two Americans received their medals shoeless, but wearing black socks to represent black poverty. Smith wore a black scarf around his neck to present black pride. Carlos, who won a bronze medal, wore a necklace of beads, which he said “were for those individuals th ...