Podcast

Director’s Cut: Balancing free trade with national security interests

In this episode of Director's Cut, Stephanie Segal of CSIS joins Bruegel's Guntram Wolff and Maria Demertzis for a conversation about the tension between free trade and national security issues, and the emerging threats to multilateralism.

By: Date: February 19, 2019 Topic: Global Economics & Governance


In a changing geopolitical order, with China on the rise, the linkage of economic and national security is more evident than ever. The boom of disruptive new technologies is accompanied by increasingly country-centric political tendencies, and the more and more antagonistic stance of the US towards the EU and China. Taken together, a unique setting emerges for dealing with pressing issues in economic security.

Stephanie Segal, deputy director and senior fellow of the CSIS Simon Chair in Political Economy, joins Bruegel director Guntram Wolff and deputy director Maria Demertzis to discuss the looming challenges.

They sketch out the approach taken by key global players to balance the continuous benefits of free trade against the need to safeguard national security interests. The new trade-restrictive measures – such as increased scrutiny over foreign direct investment – have obvious consequences for global economic growth and the rules-based multilateral trading system. The discussants elaborate on the importance of preserving multilateralism, and the role of international organisations in the process.

For further reading, we recommend an opinion piece by Jean Pisani-Ferry where he portrays the current international economic and geopolitical order as increasingly reminiscent of chess, as well as an economic blogs review by Bowen Call on the impact of recent US mid-term elections on the world economy.

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Podcast

Podcast

COVID-19’s shock for emerging economies

COVID-19 is by far the biggest challenge policymakers in emerging economies have had to deal with in recent history.

By: Bruegel Topic: Global Economics & Governance Date: May 29, 2020
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Opinion

COVID-19 and India: economic impact and response

This piece was published the day before India imposed one of the world's strictest lockdowns in its response to the COVID-19 response. It remains relevant in assessing the government's actions in the ten weeks that have since passed.

By: Suman Bery Topic: Global Economics & Governance Date: May 27, 2020
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Podcast

Podcast

China’s financial system: opening up and system risk

China is opening up its financial sector- What does that mean for China and the world?

By: The Sound of Economics Topic: Finance & Financial Regulation, Global Economics & Governance Date: May 22, 2020
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Podcast

Podcast

Singapore's experience in dealing with COVID-19

A conversation with Dr. Vivian Balakrishnan, Minister for Foreign Affairs of Singapore, on how this city-state has tackled the coronavirus.

By: The Sound of Economics Topic: Global Economics & Governance Date: May 19, 2020
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Podcast

Podcast

Rebooting Europe: a framework for post COVID-19 economic recovery

COVID-19 has triggered a severe recession and policymakers in European Union countries are providing generous, largely indiscriminate, support to companies. As the recession gets deeper, a more comprehensive strategy is needed. This should be based on four principles: viability of supported entities, fairness, achieving societal goals, and giving society a share in future profits. The effort should be structured around equity and recovery funds with borrowing at EU level.

By: The Sound of Economics Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: May 15, 2020
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Podcast

Podcast

China’s economy after COVID-19

The first country to be hit by the current pandemic, China has been at the forefront of the fight against COVID-19. What have been its impacts on the Chinese economy? What does it represent, more broadly, to the global economy? Are global supply chains really starting to be put into question? Today, Giuseppe Porcaro is joined by Alicia García-Herrero and Yiping Huang, Professor of Economics and Finance at the Peking University.

By: The Sound of Economics Topic: Global Economics & Governance Date: May 6, 2020
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Podcast

Podcast

An analysis of the German Constitutional Court's ruling on the ECB QE programme

The German Constitutional called today on the ECB to justify its bond-buying program. What does today's ruling of the German Constitutional Court mean for the ECB's QE program? Could such a decision open a precedent when it comes to contesting EU law? Today, Giuseppe Porcaro and Guntram Wolff are joined by Franz Mayer, chair of Public Law at the University of Belefield, to analyse the German Constitutional Court's ruling.

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: May 5, 2020
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Past Event

Past Event

Keeping trade open during and after Covid-19

This event examines the impact of the Covid-19 crisis on open markets and connected supply chains globally.

Speakers: Maria Demertzis, André Sapir, Senator the Hon Simon Birmingham and Rebecca Fatima Sta Maria Topic: Global Economics & Governance Date: April 30, 2020
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Podcast

Podcast

The impact of Covid-19 on emerging markets with Barry Eichengreen

Without a robust healthcare system and lack of medical equipment, emerging market economies are vulnerable to the current COVID-19 pandemic. How can developed countries help tackle the issue? Is international cooperation more needed than ever? This week, Giuseppe Porcaro and Guntram Wolff are joined by Barry Eichengreen to discuss the impact of COVID-19 on emerging markets.

By: The Sound of Economics Topic: Global Economics & Governance Date: April 29, 2020
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Podcast

Podcast

Post-Council commentary

On April 23, EU leaders met virtually to try to come to an agreement for a common European response to the COVID-19 pandemic. What were the measures taken? Will they be sufficient? Did Europe come together for a coordinated response to the crisis? Or did the meeting further highlight the cracks between member states? This week, Guntram Wolff and Giuseppe Porcaro are joined by Maria Demertzis and André Sapir to comment on the EU Council meeting.

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: April 24, 2020
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Podcast

Podcast

Exiting the great lockdown?

Are we going to exit from the containment measures for the COVID-19 pandemic in the European Union? When? How? In this episode of The Sound of Economics Live, we discuss European coordination, national responses, and local effects in moving on the next phase of containment of the COVID-19 pandemic.

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: April 17, 2020
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Podcast

Podcast

Did the Eurogroup save the day?

After its longest meeting ever, the Eurogroup reached an agreement yesterday evening. What does the agreement say? What does it mean in terms of the emergency reaction to the economic fallout of the COVID-19 pandemic? What does it mean, more broadly, for the future of Europe? This week, Giuseppe Porcaro is joined by Maria Demertzis, André Sapir and Guntram Wolff to discuss whether the Eurogroup can save the day.

By: The Sound of Economics Topic: European Macroeconomics & Governance Date: April 10, 2020
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