coronavirus

Global Spectator, by Andrés Ortega The costs of non-multilateralism

In a few weeks’ time we may have seen the new multilateralism in action, or its limits. The global agreement instigated by the OECD regarding the taxes levied on big tech firms is a milestone. The COP26 summit in Glasgow at the start of November, aimed at further implementing [...]

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 [...]

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, [...]

Soft power put to the test

Just a few weeks ago, China’s president, Xi Jinping, called for a more “loveable” image for China during the Chinese People’s Political Consultative Conference which was held at the beginning of June. Xi Jinping aims to revamp its country’s image, and “expand its circle of friends”. Chinese president told [...]

Global Spectator, by Andrés Ortega New global public goods and evils

Although its origins go back earlier, the idea of global public, or communal, goods has sparked new interest and relevance with the pandemic, especially in the context of vaccines, but also given the new impetus aimed at restoring the environment and securing a fairer global taxation system for large [...]

Global Spectator, by Andrés Ortega Re-globalisation with hiccups

It was once thought that globalisation would integrate everything into complex and varied supply chains, thereby avoiding the need to stockpile parts and materials. It was the age of “just-in-time”, invented by Toyota. But with the pandemic and other catalysing factors, the situation has changed: we are no longer [...]

COVID-19: lockdowns, recession and… a new stock market bubble?

2020 has been a year marked by the outbreak of COVID-19, lockdowns and a deep recession in the world’s economy. Yet, after a first pandemic-driven low in March 2020 the Nasdaq had risen 100% towards the end of January 2021 and, along with the S&P 500 and the Dow [...]

Global Spectator, by Andrés Ortega The fall and stagnation of the global middle class

A great revolution of recent decades has been the powerful emergence of a significant global middle class. Among the destructive effects of the COVID-19 pandemic, one of the greatest is its worldwide decline and the growth of those in poverty, except in China. According to a Pew Research Center [...]

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