Yearly Archive: 2020

RMB internationalization and the BRI: reality or fantasy?

The world’s largest trading nation and second largest economy, China, and its monetary and macroeconomic policy, has rightfully commanded a growing amount of attention over the past couple of decades. In line with this trend, there has been a great deal of scholarship focusing on Chinese attempts to internationalize [...]

Global Spectator, by Andrés Ortega President Biden and the shadow of Trumpism

Joe Biden has prevailed over Trump the person, but will have to deal with the ghost of Trumpism. Biden has accrued more votes than any other President in history (although the population and the turnout have also of course grown, and in percentage terms he has not exceeded Obama [...]

The consequences of COVID-19 on developing and emerging economies

Dealing with COVID-19 as an illness poses a challenge to every nation but the challenges faced by developing and emerging economies (emerging market and developing economies, EMDEs) are different. Healthcare is limited: whist developed markets spend, on average 14% of GDP on health in emerging markets, expenditure is just [...]

Whither conservatism?

The left is in retreat and the right is commanding politics. But what kind of right is it? Is it the broadly liberal conservatism that underpinned liberal democracy’s post-1945 success or an illiberal hard right claiming to speak for ‘the people.’? The past decade has seen a surge in [...]

Full decarbonisation is coming: time to plan for the last 20% emission reductions from 80% to 100%

In recent months Europe has significantly increased its decarbonisation ambition. The European Commission pushes to make Europe the first carbon neutral continent by 2050 and the European Parliament has just voted to increase the EU wide target from 40% to 60% emission reductions by 2030 (compared to 1990). This [...]

Global Spectator, by Andrés Ortega God, arms and law: Biden or Trump, nothing will be as before

For some time it has been possible to portray the Transatlantic divide on the basis of three concepts: God, arms and the law. Now, the breach between them has also become a domestic issue in the US. Formerly Europe was less religious than the US and religion had less [...]

US election 2020: digital foreign policy

In the midst of the daily over-mediatisation of the United States presidential elections in November 2020, technology and digital policy is off the radar or, at least, a second-order issue within both Democrat and Republican Parties’ political campaigns. However, this is an unquestionably important issue which need particular attention [...]

Liquidity: an emerging priority in development aid

Developed countries are responding to the crisis brought by the COVID-19 with fiscal packages that, according to Bruegel, range from 6% to 49% of GDP. On top of fiscal imbalances resulting from the ongoing economic crisis, these packages stimulate the economy with new public expenditure, deferrals of certain payments [...]

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