Alicia García-Herrero
Alicia García Herrero is a Senior Fellow at Bruegel. She specialises in emerging markets, with a particular focus on Asia and Asia-European Union relations. Trade, finance and banking are the topics she covers most regularly.
She speaks English, Spanish, French, German and Italian. She can also converse in Chinese, Japanese and Portuguese.
She is the Chief Economist for Asia Pacific at French investment bank Natixis, a Board Member of AGEAS insurance group, a non-resident Senior Fellow at the East Asian Institute of the National University Singapore and Adjunct Professor at the Hong Kong University of Science and Technology. She is a Member of the Council of the Focused Ultrasound Foundation and an advisor to the Hong Kong Monetary Authority’s research arm. Previously, she was Chief Economist for Emerging Markets at Banco Bilbao Vizcaya Argentaria and Head of the International Economy Division of the Bank of Spain. Alicia has served as visiting Professor at John Hopkins University, China Europe International Business School and Carlos III University. She holds a PhD in Economics from George Washington University.
Disclosure of interests
Featured work
China’s artificial intelligence goals and strategic choices for Europe
China’s AI strategy pairs domestic control with global diffusion, aiming to lead innovation, standards and governance on its own terms
Apple's Android battle offers US AI companies a playbook for China
Tough choices ahead as the US pushes a global artificial-intelligence divide
Though proliferation of AI models is essentially uncontrollable, the US is trying to force a split with China, pushing allies into a no-win bind
Programmable sovereignty: coordinated specialisation as a response to the N-2 problem in artificial intelligence
Programmable sovereignty offers states beyond the US and China a way to reduce AI dependence through shared compute and governance capacity
China economic database
Repository of what we consider to be the most relevant macroeconomic data for China and EU-China relations.
China’s Arctic Silk Road is now a reality
While China flexes its economic muscle in partnership with Russia, the United States struggles to realise its own Arctic shipping options
The renminbi’s hardest mile is only now beginning
Europe must not simply dismiss the crisis in Ceuta
Europe should let the market judge China’s open AI models
AI: The United States and China compete for the top spot, while the EU looks on
China’s Tech Stocks Are Falling Despite Their Own Breakthroughs
India needs lasting reforms to attract foreign capital, not stopgaps
Europe watches AI from the sidelines
Europe's search for profitable investment should lead to India
The battle for the AI stack: Nvidia versus Huawei, with Europe watching from the sidelines
IA : « Une coalition de puissances moyennes permettrait de négocier avec Washington et Pékin au lieu de subir leurs règles »
Beyond tariffs: why Europe and India must prioritise investment into manufacturing
The battle for the AI stack
Europe’s options for AI in the midst of US-China strategic competition
Steel is the test case for dealing with China’s overcapacity
China’s influence in the United Nations: Words and deeds
All work
Event
07 September 2015
Emerging markets and Europe: time for different relationships?
Now that Europe can focus on medium-term issues rather than crisis management, it is the right time to reassess relations with the emerging markets.
Blog post
31 August 2015
Why is China finding it hard to fight the markets?
Sitting on a pile of debt, China’s only way out is to deleverage: more pain now for sustainable growth later.
Opinion piece
03 August 2015
Europe must wake up before Iran falls into the arms of Russia and China
European leaders seem to have been caught somewhat off-guard by the Iran deal. The Greek saga alone could explain this. The problem is that other comp
Blog post
09 July 2015
China's stock market falling off a cliff: Why, and why care?
Spurred by interventions from Chinese authorities, the Chinese stock market was rallying. However, the recent sell-off has wiped out on
Blog post
28 June 2015
China’s outward foreign direct investment
China’s outbound foreign direct investment (ODI) may have exceeded inbound foreign direct investment (FDI) for the first time in 2014, according to th
Opinion piece
02 June 2015
The emerging world: Debt as key risk
Perhaps the most ostensible of all challenges faced by the global economy is that of pervasive debt levels. For quite some time now, particularly foll
Blog post
18 May 2015
China pushing 'build now, pay later' model to emerging world
China will be the largest contributor to the Asian Infrastructure Investment Bank, which aims to become the first global institution headquartered in
Blog post
05 May 2015
Additional monetary easing for China?
As many other central banks in the Asian region, the People Bank of China (PBoC) has been on an easing mode for a few months now and more seems to be
External publication
26 April 2015
Follow what I do, and also what I say: Monetary policy impact on Brazil’s financial markets
The objective of this paper is to assess empirically whether futures interest rates in Brazil react to changes in the SELIC rate and, especially, to
External publication
15 February 2015
Financial inclusion, rather than size, is the key to tackling income inequality
In this paper we assess empirically whether financial inclusion contributes to reducing income inequalitywhen controlling for other key factors, such