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Home / Tag Archives: Global Economics & Governance

Tag Archives: Global Economics & Governance

Pandemic prevention: avoiding another cycle of ‘panic and neglect’

Agreement is needed at international level on mechanisms to ensure better preparedness for the next pandemic. COVID-19 proved a surprise for most of the world despite a trend of increasingly frequent pathogen outbreaks in the last 40 years. Scientists warn the trend will continue. But pandemic crises typically suffer from a ‘panic-and-neglect’ cycle, in which global measures to prevent and prepare for future pandemics remain chronically deficient. Will COVID-19 be any different? It should be...

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Will China use climate change as a bargaining chip?

Beijing shows signs of changing tactics ahead of COP26 conference. Read the full article published in English in Nikkei Asia and in Spanish in El Economista. Republishing and referencing Bruegel considers itself a public good and takes no institutional standpoint. Due to copyright agreements we ask that you kindly email request to republish opinions that have appeared in print to [email protected].

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A world recovery fund to overcome developing countries’ post-covid debt woes?

Proposal to set up a World Recovery Fund (WRF), aimed at addressing some of the key problems with the design of the DSSI and more generally the existing international financial architecture for dealing with debt problems in the developing world. Read the full policy brief prepared for the International Finance Task Force of the Think20 (T20), the official engagement group of the G20.

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What Evergrande signals about China’s economic future

Monetary arithmetic and inflation risk Between 2007 and 2020, the balance sheets of the European Central Bank, the Bank of Japan, and the Fed have all increased about sevenfold. But inflation stayed low throughout the 2010s. This was possible due to decreasing money velocity and the money multiplier. However, a continuation of asset purchasing programs by central banks involves the risk of higher inflation and fiscal dominance. By: Marek Dabrowski Topic: European Macroeconomics &...

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German elections: seizing the moral and economic opportunity of global health security

The new German government should play its part in global health security and preparedness. This blog is part of a series by CGD and partnering institutions from Germany focused on presenting specific policy proposals for the next German government’s leadership on global development issues. The COVID-19 pandemic has exposed the ways in which the global health architecture was unprepared for a catastrophic health emergency, and above all, the limited and late international financing that has...

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Europe doesn’t need a ‘Mega-Fab’

Europe should defend its existing dominance in equipment manufacturing for semiconductors and invest in chip design instead of luring high-end fabrication to its shores. By: Niclas Poitiers Date: September 22, 2021 Topic: Global Economics & Governance The computer chips that power our digital economy have become pawns in the geopolitical tussle between the great powers. Digital devices such as smartphones or laptops are China’s most important export. ‘Information and...

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Making supply chains more resilient

A Global Deal for Our Pandemic Age Report of the G20 High Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response. By: Tharman Shanmugaratnam, Lawrence H. Summers, Ngozi Okonjo-Iweala, Ana Botin, Mohamed El-Erian, Jacob Frenkel, Rebeca Grynspan, Naoko Ishii, Michael Kremer, Kiran Mazumdar-Shaw, Luis Alberto Moreno, Lucrezia Reichlin, John-Arne Røttingen, Vera Songwe, Mark Suzman, Tidjane Thiam, Jean-Claude Trichet, Ngaire Woods, ZHU Min, Masood Ahmed,...

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