digital economy

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 [...]

Global Spectator, by Andrés Ortega The ‘Google Tax’, a missed opportunity for the EU

Existing tax rules were not designed for the new digital economy or for the business models that are being established. Many companies are digital or conduct a major part of their business in the digital sphere. Nine out of the world’s 20 largest companies by market capitalisation are digital, [...]

An unfair tax policy de-legitimizes the EU

On 12 March, the ECOFIN failed to approve the Commission proposal for a Directive laying down rules relating to the corporate taxation of a significant digital presence. Denmark, Finland, Ireland and Sweden blocked the adoption of a proposal supported, inter alia, by France, Germany, Italy and Spain. Shielded behind [...]

Global Spectator, by Andrés Ortega Trade wars and conflict of perceptions

When China joined the World Trade Organisation (WTO) in 2001, it was still a developing country. More than 15 years later, its circumstances have changed and it has turned into the world’s second-largest economy. The WTO has served not to discipline China, which is what Trump (and to some [...]

Global Spectator, by Andrés Ortega An Argentine G20: a Latin American agenda that concerns everyone

The exercise has just begun and will culminate in the November summit in Buenos Aires. It is important for Argentina, for its President, Mauricio Macri, for Latin America, and for the G20 itself. ‘The G20 is an opportunity for Argentina and for the region’, remarked the head of the [...]

Global Spectator, by Andrés Ortega Big states, big business, troubled societies

Shop window, megaphone and venue for discreet meetings: Davos is all these things. The main participants at the most recent World Economic Forum were the major states –geopolitical problems sometimes stem from others of lesser calibre– and the large technology and IT companies. It has been held at a [...]

Global Spectator, by Andrés Ortega The EU’s global normative influence

Who said that the EU was powerless in the face of a globalisation it had itself promoted, and that in its technological aspects had become Americanised (along with growing Chinese influence)? The EU is proving to have a capacity for global influence on normative issues. Its internal regulations are [...]

Global Spectator, by Andrés Ortega India’s brutal demonetisation was not so bad after all

  While all eyes were trained on the presidential elections in the US, the Indian Prime Minister, Narendra Modi, made a surprise television announcement on 8 November: all 500 and 1,000 rupee notes (worth some €7 and €14, respectively), accounting for 86% of all the cash in circulation, were [...]

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