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Tag Archives: Global Economics & Governance

Relaunching transatlantic cooperation with a carbon border adjustment mechanism

The best way for the EU and the US to jointly introduce carbon border adjustment would be to form a ‘climate club’. On June 15, President Joe Biden will join Charles Michel and Ursula von der Leyen in Brussels for an important European Union–United States summit that aims at relaunching bilateral cooperation after four years in which it has withered. Climate change features at the top of the agenda, raising hopes about the potential role of the transatlantic partners in fostering global...

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[LIVE] A transatlantic climate alliance

When Joe Biden visits Europe for the first time as US president, he should begin forging a transatlantic green deal.  President Biden is visiting Brussels for the first time since his inauguration on 14 June, with great expectations by European commentators to forge a closer transatlantic cooperation. Prior to his visit, Giuseppe Porcaro and Simone Tagliapietra are joined by Ana Palacio, Former Minister of Foreign Affairs of Spain to discuss why the two sides of the Atlantic should form a...

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Challenges and growth of China’s private sector

Is the dynamic role of the private sector in China under threat by its economic model and the United States? Read the June edition of ZhōngHuá Mundus Sign up now to receive it in your mailbox Since 2010, the landscape of China’s largest companies has shifted away from the dominance of state-owned enterprises towards a more diverse and complex landscape with an increasing number of mixed-ownership enterprises and non-public enterprises. This evolution, however, has been far from linear with...

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A transatlantic climate alliance

When Joe Biden visits Europe for the first time as US president, he should begin forging a transatlantic green deal. The stars may, at long last, be aligned for closer transatlantic cooperation on climate change. As US President Joe Biden heads to Europe, he should be preparing to make the most of this promising constellation. Both the European Union and the United States have now committed to achieving climate neutrality by 2050. And they have established similar milestones along the way:...

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Is Bidenomics more than catch-up?

The Biden administration's promises to 'think big' and rebuild the country seem like a major historical departure from decades of policy orthodoxy. “Let us think big,” exhorted US Secretary of the Treasury Janet Yellen in May. “Let’s build something that lasts for generations.” Such is the transformative rhetoric behind President Joe Biden’s economic-policy agenda. But what, exactly, will be built, and how will America be transformed? The answer is bound to be as much political as economic,...

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Inflation, inequality and immigration: Spelling the digital recovery with three “I”s

The digital transition offers us a new opportunity to reach out across the global economy - hopefully we will find the strength to use it. This article was originally published by the OECD Forum Network is part of a series in which OECD experts and thought leaders — from around the world and all parts of society — address the COVID-19 crisis, discussing and developing solutions now and for the future. Aiming to foster the fruitful exchange of expertise and perspectives across fields to help...

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For the climate, Asia-Pacific must phase out fossil-fuel subsidies

An exit from coal in the Asia-Pacific region is a global decarbonisation priority. The extent to which the Asia-Pacific decarbonises will make or break the global fight against climate change. As home to 60% of the world’s population, and as the main engine of global economic growth, the Asia-Pacific has been since the early 2000s the main carbon dioxide emitting region, producing about half of the world’s total emissions. Figure 1: Global emissions by region, 1965-2019 Source: Bruegel based...

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International tax debate moves from digital focus to global minimum

International corporate tax reform is coming closer if countries can set aside their differences and work for progress rather than the perfect deal. The Organisation for Economic Cooperation and Development is continuing its fight against profit-shifting by focusing on the digital economy. In making a specific link to the digital transition, the OECD hoped to build a global consensus that companies earning profits in countries where they don’t have a physical presence have an obligation to...

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The UK’s security and trade relationship with China

Testimony before the International Relations and Defence Committee at the House of Lords, British Parliament on the UK’s security and trade relationship with China. On May 26th, 2021 Bruegel’s Senior fellow Alicia García-Herrero presented testimony before the International Relations and Defence Committee at the House of Lords, British Parliament on the UK’s security and trade relationship with China.To view the video testimony, please follow the link here.

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Towards a global corporate tax?

The idea of a global corporate tax has been floating around for decades, but a US proposal for a 15% of a global minimum tax rate means the proposal is now a serious possibility. This would affect both direct and indirect taxation, broader tax policy issues, and tax administration. In this live episode of The Sound of Economics, Giuseppe Porcaro is joined by Bruegel scholars Rebecca Christie and Niclas Poitiers, to discuss the outlook of global corporate tax and its possible outcomes. Stay...

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