Trade policy

How should Europe react to the Inflation Reduction Act?

A deep dive into the IRA and its expected impact on the world trade system.

Climate versus trade? Reconciling international subsidy rules with industrial decarbonisation

Environmental subsidies could be justified when emissions taxation is not feasible or is insufficient due to political economy constraints.

Is deglobalisation already happening?

Is the world witnessing a shift away from Hyper-globalisation to Deglobalisation?

The impact of the Ukraine crisis on international trade

The direct aim of trade sanctions seems to have been achieved, while Russia’s capacity to finance the war from fossil fuel revenues is bound to shrink

Lessons for Europe from China’s quest for semiconductor self-reliance

This paper explores China's quest to become a domestic-demand-driven economy, and the lessons that can be learnt from its quest for self reliance.

Deglobalisation and Protectionism

This paper presents a data-driven examination of whether deglobalisation has happened and whether protectionism was the cause.

Is globalisation really doomed?

Globalisation is under attack; to preserve its benefits, healthy domestic social contracts are essential.

China and the West: growing apart as geopolitical tensions grow

The model of increasing economic interdependence between the West and the emerging world was built on assumptions that no longer hold.

Russia’s huge trade surplus is not a sign of economic strength

Russia has recorded a record trade surplus, but more than half of its increase is due to the collapse of imports.

Climate club ‘green certificate’ would boost membership

The future of global value chains and the role of the WTO

What is the future of GVCs?

For Europe, an oil embargo is not the way to go

Even at this late hour, the European Union should consider taking a different path.