The possibility of global economic governance in a period of great power rivalry

A structural shift is underway, running much deeper than the so-called trade wars that have been triggered by the US administration. Evidence of this trend starts to abound. In the past months, measures have been taken in places such as the US and the EU which will discourage the inflow of certain foreign investments, global companies have been induced to restructure their supply chains following geopolitical considerations and an increasing number of countries have been dismissing infrastructure projects with foreign funding.

Digitalisation and exponential technological Change: Challenges and Opportunities

Photo: Digital WorldThe word digitalisation is on its way to become a buzzword that is not only used by techies but also by development professionals around the world.  Just two years ago, in 2016, the World Bank devoted the World Development Report (WDR) to Digital Dividends, referring to the distribution of digitalisation benefits to a broader population. The WDR suggested inclusion, efficiency, and innovation as the main mechanisms through which digital technologies can promote development.

EU to the rescue: Priorities for a positive multilateralism

Photo: EU FlagsWe are a long way from 2015. That year, the world committed to the Sustainable Development Goals and the Paris Agreement on climate – promising to end extreme poverty, address corrosive inequality, boost peace and prosperity, and stop climate change.

Now in 2018, we already look back at 2015 with nostalgia. This was the high water mark of multilateralism, brought low by the rise of populism and ‘illiberal democracy’. Suddenly, it seems, we are forced to find ways of rescuing the global rules-based order.

Where is global trade and investment governance headed? A Tour d’Horizon

Photo: Trump Towers

Since the US created the post-World War Two liberal international order and is still the pre-eminent global power notwithstanding the growing Chinese challenge, it is uniquely placed to determine the trade and investment system’s fortunes. The answer to the question posed in the title, therefore, depends fundamentally on the medium-term trajectory of US politics, and the resultant US position in the world. Accordingly, in this blog I put forward my analysis of where the US political system is headed under President Donald J. Trump, how key countries are responding, and the ensuing implications for the global trade and investment system.

Can think tanks save the world – and should they?

Photo: Centro Cultural Kirchner
In mid-September, Buenos Aires hosted an interesting and innovative event, organized by a variety of think tanks: the Think20 Summit. A total of about one thousand participants from almost 70 countries dealt with the topics of the G20 summit, which will take place in Buenos Aires at the end of November. The Argentine government has made the future of work, sustainable food supply, infrastructure and gender justice its priorities.