Global governance

Read with Bruegel: Backfire: How Sanctions Reshape the World Against U.S. Interests

Exploring the unintended consequences of the use of sanctions as a diplomatic weapon.

The Russian war economy: macroeconomic performance

The Russian economy has performed better than many expected since the war in Ukraine started, though the financial burden will be felt for some time.

Globalisation and automation as sources of labour-market competition, and support for European Union unemployment insurance

The Ukrainian war economy

This paper analyses Ukraine’s war economy management and performance, according to information available in June 2023.

Section 232 reloaded: the false promise of the transatlantic ‘climate club’ for steel and aluminium

This paper sets out the EU and US perspectives on the ongoing negotiations and evaluates their initial negotiation proposals.

Read with Bruegel: The Palgrave Handbook of Global Politics in the 22nd Century

How do scholars write the future of global politics?

Read with Bruegel: The Crisis of Democratic Capitalism

Jeromin Zettelmeyer sits down with Martin Wolf to discuss his latest book, ‘The Crisis of Democratic Capitalism’.

The problem with preferential trade agreements

Preferential agreements can be an alternative to a sclerotic WTO, but, if multilateral rules fail, they also risk conflict between trading blocs

Fully reimbursing SVB depositors may prove to be a bad move (via CNN)

Reimbursing all SVB and Signature Bank depositors — even if their deposits are worth millions of dollars will have long-term impacts.

The EU Net Zero Industry Act and the risk of reviving past failures

How the EU might respond to clean tech subsidies, in the form of a leaked draft law entitled the Net Zero Industry Act (NZIA), is deeply worrisome.

Two crises, two continents: how the labour-market impacts have differed

The US economy was more resilient against the two recent global crises, while the EU did better in terms of jobs during and after the pandemic.

Economic efficiency versus geopolitical resilience: strategic autonomy’s difficult balancing act

A timely analysis on the notion of strategic autonomy in the EU's industrial policy.

Li Keqiang’s farewell points to employment as China’s major problem

China's modest 2023 growth target provides more evidence of a focus on sustainable growth and jobs.