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Tag Archives: Global Economics & Governance

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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How difficult is China’s business environment for European and American companies?

Contrary to some narratives, China's business practices have improved, with a business environment that is generally more favourable than that in other large countries at similar levels of development. The authors are grateful to Bruegel colleagues for helpful comments. Despite tensions over China’s discriminatory business practices, China’s trade continues to thrive, and the country has taken over from the United States as the first destination for foreign investment. American and...

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New kid in the playground: China’s antitrust push

Read the May edition of ZhōngHuá Mundus Sign up now to receive it in your mailbox China’s growing economic power is causing great anxiety in the West: European regulators are tightening the rules on takeovers by Chinese state-owned giants, while the United States is imposing aggressive sanctions on leading Chinese technology firms such as Huawei, ByteDance (TikTok) and Tencent (WeChat). In this episode of The Sound of Economics, Bruegel’s Alicia García-Herrero, Mario Mariniello and...

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Pandemic leadership: beware of anecdotes

Leaders with science training have not outperformed other leaders in terms of their countries’ coronavirus responses. When the coronavirus struck in 2020, some countries with seemingly world-leading levels of pandemic preparedness turned into COVID-19 disaster zones. During March 2020, British Prime Minister Boris Johnson boasted about shaking hands with everybody, attended a rugby match and hosted a “baby shower” just two days before advising the public to stop non-essential contact. In the...

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Europe’s crusade to fend off Chinese interference falls short

It is in everybody's interest for China to level the playing field among state-owned, private, and foreign companies so that no new distortionary measures need to be taken elsewhere. After trumpeting victory over an agreement reached between Europe and China for a Comprehensive Agreement on Investment (CAI) only a few months ago, Chinese leaders are probably stunned at the much harsher narrative now coming from European institutions. Beyond the Xinjiang-related sanctions, which could have...

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Bruegel annual report 2020

The Bruegel annual report provides a broad overview of the organisation's work in the previous year. The annual report includes an overview of Bruegel’s research, governance and financial statements, and takes stock of Bruegel’s accomplishments and impact during 2020. Bruegel will continue to work to develop a proactive European strategy to deal with all the challenges ahead, providing free and open access to its research.

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The Sound of Gita Gopinath

IMF Chief Economist Gita Gopinath joins Bruegel Director Guntram Wolff to discuss the uneven recovery from the pandemic with a live clubhouse audience. IMF Chief Economist Gita Gopinath joins Bruegel Director Guntram Wolff for this Live recorded session. They were able to discuss the uneven recovery from the pandemic. In the latest World Economic Outlook, the IMF warns that even though the global economy is on firmer ground, recoveries are diverging dangerously across and within countries,...

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China’s M&A activity rebounds with a clear focus on Europe

Despite the pandemic, China’s interest in overseas M&A started to rebound in late 2020, with European industrial companies still of particular interest. The sharp recession of early 2020 and tightened measures on social interactions weighed on China’s announced outbound mergers and acquisitions last year, despite China’s containment of COVID-19 and a significant recovery in growth later that year. Outbound M&As in 2020 were down by nearly one-third in number and more than half in...

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Central bank currencies going digital

Electronic cash might be the future, but it is still unclear what payment innovation it offers for the public, certainly in the euro area. And it is unlikely to fully replace the comfort the consumer feels in having money under the mattress. This opinion piece was originally published in the Money Review section of Kathimerini and is forthcoming in El Economista. Central banks often update the money they issue to include new features. The next update will be to introduce a digital version...

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