Yearly Archive: 2021

Are we ready for another “China shock”?

China’s accession to the WTO in 2001 is considered as one of the largest trade shocks in recent times. Not only did Chinese goods flood world markets, but also during this period the global value chain structure of production with Asia as a pivot was consolidated. Given this previous [...]

Global Spectator, by Andrés Ortega Wars of the three spheres: the West, the East and the Metaverse

It is not the customary view, but the world may be seen as three spheres that vie with each other: one turns around the US (this includes Europe and others); another turns around China; and a third turns around all things digital, control and dominion of which are subject [...]

How Spain transitioned from middle-income to high-income status

When I bought a second home in Buendía, a Spanish village in Castilla La Mancha, in 1976, there was no running water (it had to be collected in large containers from a spring), the streets were unpaved, the primary school was rundown, phone calls were made in a cabin [...]

Where is China heading to?

In recent months, Chinese companies are witnessing a surge in the amount of regulations they must be subject to. Fines are also growing, albeit to a lesser extent. The so-called crackdown, which is carried out by the Chinese government, is nothing new, but it is indeed more intense. This [...]

Global Spectator, by Andrés Ortega No Merkel: Europe’s opportunity?

As Chancellor of Germany Angela Merkel has dominated European politics for four terms, 15 years, many of them complex and fraught. Sometimes bravely, at other times less so; more as a tactician, a crisis manager, than as a strategist, lacking a true vision, albeit a tireless worker, studious, intimately [...]

Spain and Italy should cooperate more to make a stronger EU

Traditionally, cooperation between the two big economies of the South of the European Union (EU) has consistently failed to reach its potential. Oftentimes, this has been due to ideological discrepancies among the respective heads of states. However, Spain and Italy should form a strong partnership in overcoming the current [...]

Global Spectator, by Andrés Ortega The retreat of the West

George W. Bush, Bush junior, entered the White House in January 2001 on a platform that emphasised a degree of isolationism, deriving from the unipolar episode the US was experiencing. The September 11 attacks that same year awoke him from the slumbers of the strategic snooze the US (and [...]

The end of the world pre-COVID: what do the 2020 results of the Elcano Global Presence Index tell us?

Today we are launching the 2020 edition of the Elcano Global Presence Index. This 11th edition does not yet reflect the effect of the pandemic, so, in a sense, it can be considered a description of the world before the eruption of the pandemic. A world that had, however, [...]

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