COVID-19

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 US-EU: political convergence, economic divergence

The political and geopolitical convergence between the new Biden Administration and the EU and its member states is starting to become evident. But economic divergence may be emerging at the same time, with the US pulling ahead, as a result of the manner of tackling recovery from the COVID-19 [...]

Global Spectator, by Andrés Ortega Containers: essential but more expensive

Standardised containers have become an essential component of modern globalisation, carrying by sea almost half the world’s trade, a proportion that has risen since the pandemic-related reduction in journeys made by passenger aircraft, which also carry goods in their holds. Containers are also taken by rail. They were manageable [...]

Global Spectator, by Andrés Ortega The global agenda: immunising the world

It is not only a matter of morality but also an issue of general protection and even of geopolitics: it is necessary to immunise the world, or at least to try to, and to this end launch a global vaccination campaign against COVID-19. Western leaders have been slow to [...]

Global Spectator, by Andrés Ortega Economic patriotism: understandable but dangerous

The expression is not new, but it has re-emerged since the pandemic alongside a new prudentialism, protectionism and nationalism, and has impinged on imports, investments and even vaccines against COVID-19. Trump’s ‘America First’ (backed by a host of decrees and executive orders) has been replaced by Biden’s ‘Buy American’, [...]

Global risks and future scenarios: starting down the road

The annual World Economic Forum’s Global Risks Report and the Davos Forum usually take place in January. While both are supposed to rely upon each other, the WEF report and the Davos Agenda do not always match. In either case, the 16th edition of the report stands out due [...]

Contacto | Aviso legal y política de privacidad

2012-2021, Real Instituto Elcano - Elcano Royal Institute | Príncipe de Vergara, 51. 28006 Madrid (España - Spain) | Creative Commons BY-NC-ND 3.0