Assessing the potential for knowledge-based development in transition countries
by Reinhilde Veugelers on 31 May 2010
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Category: WORKING PAPERS
Topics: Emerging economies and development, Research, innovation and growth, New Member States, Enlargement and Neighbourhood
This Working Paper by Bruegel Senior Fellow Reinhilde Veugelers examines the potential for a knowledge-based growth path in transition countries of central and eastern Europe, the Caucasus and Central Asia. The paper looks closely at how total-factor productivity, a residual growth factor commonly interpreted as reflecting technological progress, drives growth rates in these economies which exhibit a much lower GDP per capita compared to the EU15 or the United States. By analysing the prerequisites for knowledge-based growth, the author explains why transition countries are at a systemic disadvantage relative to the EU15, US and Japan and have limited potential for knowledge-based growth.
The G20 is not just a G7 with extra chairs
by Agnès Bénassy-Quéré, Rajiv Kumar, Jean Pisani-Ferry on 21 September 2009
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Category: POLICY CONTRIBUTIONS
Topics: Emerging economies and development, European and global governance
The G20 is not just a G7 with Extra Chairs is a joint paper written by Agnes Benassy-Quere, Rajiv Kumar and Jean Pisani-Ferry (Director of Bruegel) following the International Cooperation in Times of Global Crisis: Views from G20 Countries conference in Delhi on 14th and 15th of September, organised by Bruegel, CEPII and ICRIER. The publication draws together the authors‘ conclusions from the Delhi conference and reviews the real role of the G20, while questioning where the non-G7 interests fit into the group‘s agenda.
Memos to the new Commission- Europe's economic priorities 2010-2015
by Zsolt Darvas, Jürgen von Hagen, Jean Pisani-Ferry, Bruno van Pottelsberghe , Lars-Hendrik Röller, Indhira Santos, André Sapir, Reinhilde Veugelers, Nicolas Véron, Jakob von Weizsäcker on 27 August 2009
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Category: BOOKS
Topics: Budgetary and monetary policies, Climate change and energy, Competition and single market, Currencies and International finance, Emerging economies and development, Financial markets and regulation, European and global governance, Labour, migration and ageing, Research, innovation and growth, Trade, investment and competitiveness, New Member States, Enlargement and Neighbourhood
These Memos, addressed to the next Commission President and to the new European commissioners, are written by Bruegel Scholars and edited by Senior Research Fellow André Sapir and focus on key economic aspects of EU policy-making.
The new Commission will enter office at a challenging time for Europe, the EU and the Commission itself. The crisis has clearly exposed weaknesses in EU governance which need to be addressed and the memos make a number of concrete recommendations of relevance for major economic fields, as well as for the EU and Commission as a whole.
Addressing the next Commission President, André Sapir and Jean Pisani-Ferry propose that effective leadership will be necessary to give strategic direction to the Commission, ’you [the president] should therefore be ready to fight for ideas and take risks" (JPF-AS). The Memos suggest that the EU will need to assert a position on commonly agreed rules, propose new solutions and, importantly, has an opportunity now to redefine the European narrative in the global arena.
Focusing on the most important economic questions at EU level, the Bruegel memos are intended to be strategic, outlining the state of affairs that will be met by the new Commission and the key challenges and priorities they will need to consider over the next five years.
Reshaping the global economy
by Jean Pisani-Ferry, Indhira Santos on 31 March 2009
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Category: POLICY CONTRIBUTIONS
Topics: Emerging economies and development, European and global governance
Jean Pisani-Ferry and Indhira Santos observe that the crisis and the national responses to it have started to reshape the global economy. But beyond the specifics of shock transmission, the crisis has also exposed that, in spite of regional integration and the emergence of new economic powers, the global economy lacks resilience. The authors explain how they believe the international community could build a stronger and more legitimate globalised governance out of the crisis.
International governance- is the G20 the right forum?
by Jean Pisani-Ferry on 30 March 2009
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Category: POLICY CONTRIBUTIONS
Topics: Emerging economies and development, European and global governance
Jean Pisani-Ferry puts forward the idea that the G20 is a significantly less suitable forum for discussion of regulatory matters than of macroeconomic issues and their implications for the institutions of global governance. While it is sensible to involve developing and emerging countries in the reform of financial regulation, they are unlikely to play a leading role. On macroeconomic matters and as regards institutional reform, however, no meaningful discussion can take place without them.