International economics

Spain 2.0. A policy in search of a government

The upcoming elections in Spain gives the opportunity to talk about the future vision of the Spanish economy. In this vision, digitalisation should place a central role. This post outlines why digitalisation is important, why investing in digital infrastructure is not enough, and why the EU single market is [...]

Inequality in Spain: let’s focus on the poor

The debate on inequality has intensified in Spain in the aftermath of the economic crisis. There is good reason for that. As the European Commission keeps warning, Spain is one of the most unequal countries in the EU. If we take the disposable income ratio between the richest and [...]

Europe is not behind China and the US in 5G technology

The past months, dominated by news about the current trade and tech war between the US and China, have generated a strong public perception in Europe that the Old Continent has dropped behind China and the US in 5G, the key technology for the Internet of things (including self-driving [...]

Is Sri Lanka caught in China’s ‘debt trap’? A view from the ground

Last week I had the opportunity to visit Sri Lanka thanks to an invitation from the Bandarainaike Centre for International Studies, based in Colombo, and the Chinese Embassy in Sri Lanka. It was obviously an exercise in public diplomacy by the Chinese Government. The official aim of the exercise [...]

Global Spectator, by Andrés Ortega Trump against the future of China

It is not only a question of trade deficits or repatriating companies and jobs to the US. The main and most strategic reason for the war being waged by the Trump Administration on Beijing is not trade but halting, or at least containing, China in its race for technological [...]

In the antechamber of a multi-front trade war

The US president, Donald J. Trump, has extended the deadline given to the European Union (EU) by one month, until the beginning of June, before applying the announced tariffs on steel and aluminium imports, which he claims represent a threat to national security. This has allowed for the intense [...]

Global Spectator, by Andrés Ortega New protectionism, less investment?

Although the world has not emerged unchanged, given the oddly lethargic ‘recovery’ –we may indeed have entered what Larry Summers has dubbed ‘secular stagnation’–, the Great Recession that began in 2008 has passed and gone without having seen a major wave of protectionist measures, in contrast to the events [...]

Global Spectator, by Andrés Ortega The western middle classes: decline, stagnation or rise?

The decline of a section of the middle classes in the west could be behind the electoral upheaval and the growth of populism in a large number of societies, but what is the truth of the matter? And if it is the case, what accounts for it? Globalisation? Technology [...]

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