Sluggish growth results in a widening GDP gap with the US and increases existential risks for the EU within the changing globalisation paradigm
On September 9, 2024, former European Central Bank (ECB) president and ex-Italian prime minister Mario Draghi presented the European Commission ...
Some small countries do it better
The contribution of small economies to global GDP increased among both developing and developed countries, with the former delivering a greater increment in their contribution in the past 20 years compared to their small advanced economy counterparts, writes Valdai Club Programme Director Yaroslav ...
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At the end of 2020 digital trade facilitation received a major boost from the creation of the Regional Comprehensive Economic Partnership (RCEP), which is currently the largest regional economic block in the world accounting for nearly 30% of global GDP. E-Commerce is singled out as a key priority in chapter 12 of the trade pact, which targets electronic authentication and electronic signatures, facilitation of paperless trading, online consumer protection as well as online personal information protection....
... explore the options in the “far abroad”.
The “gravity” of the pandemic and the role of regionalism
In economic theory the gravity model relates the intensity of economic interactions between countries as a function of distance and the respective GDP mass of countries. The current crisis results in greater effective distances for economic exchanges to take place as quarantine measures limit the flow of goods, services and migrant workers.These effects of the pandemic are compounded by the adverse ...
... warming was a problem, and set a roadmap for reducing greenhouse emissions. The burden was mainly carried by developed countries, who were expected to cut, by the year 2000, their emission at the 1990 level. Twenty three years later, how have the world GDP, the total population and the global emission changed? Is it still fair to place most of the burden just on those countries that were considered rich at the time? In the following charts, taken from the World Bank Database, I have decided to analyse ...