GED blogpost series on China’s role(s) in the world economy (Part 1)

On July 1, 2021, the Chinese Communist Party (CCP) celebrated its 100th birthday. Following up on this important event, we will publish a five-part series on China’s future role(s) in the world economy.

From a western perspective, this role will oscillate within the triad of partner, competitor, and rival, covered…

Limiting global warming and climate change requires a substantial reduction of CO2 emissions. Industrialized countries and oil-producing states have a special responsibility and importance in this regard due to their longstanding high per capita emissions.

However, an effective and efficient climate policy also requires these countries to include newly industrializing…

Part 5 in our Putting a price on carbon series

In this installment of our series on carbon pricing, we take a closer look at carbon leakage — an issue that emerges from differences in carbon prices in an integrated global economy.

1 What is carbon leakage?

Carbon leakage is a term to describe the escape of emissions from one production or consumption site to…

For quite some time, Turkey’s debt has been rising, its currency has been losing value, and inflation has been picking up. When I wrote about the Turkish economy in Q3 2017, the figures suggested the possibility of a boom.

But I also identified some challenges, including fighting inflation and restoring…

In March 2021, the world’s largest economic stimulus package EVER was passed in the USA. The American Rescue Plan Act of 2021 provides $1.9 trillion to stimulate the U.S. economy.

Shortly after, Joe Biden presented an eight-year infrastructure program worth two trillion dollars. Added to this are the economic stimulus…

In February, the EU published the “Trade Policy Review,” its new trade strategy. A month later, the “Integrated Review” by the UK was put forward, sketching what “Global Britain” means post-Brexit. …

Major events in 2021: Last year around this time, we wrote a blog post with the 11 events likely to change the world economy in 2020. Like everyone else, we missed the most important one: the COVID-pandemic. But we also got some stuff right: something was in the works with…

In Europe and the US, the economy slumped massively across all sectors in March and April 2020. After that, a rapid recovery set in, suggesting a v-shaped economic cycle.

K shaped recovery: There was another economic slump with the onset of a second wave of infection starting in October 2020…