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A New European Industrial Strategy


For almost a year now, European politicians have struggled with how the future of European industry should look. On March 10, 2020, this question received its first answer with the publication of the European Commission’s “A New Industrial Strategy for Europe”. In this post, we take a look at this proposal, its implications, and main […] More ...

WTO WTO

3 Suggestions to Make Work at the WTO More Forward-Looking and Efficient
Often overlooked, committees work at a policymaking level where reform proposals can make a real difference!


Among its other functions, the WTO serves as a forum where trade practices of its member states can be discussed. Much of this work happens in WTO Committees, which cover a large range of trade-related topics in their day to day work. Often overlooked, this is a policymaking level where reform proposals can make a […] More ...

factory Photo by Kateryna Babaieva from Pexels

Diffusing the Conflict Around Industrial Subsidies


The US is accusing China of distorting international competition through industrial subsidies to private and state-owned enterprises. This is one of the core elements of the trade conflict between the two nations. Multilateral rules disciplining the use of industrial subsidies are currently not very far developed – but could be a key feature in assuring a level playing field amongst trading nations. In two new publications, GED looks into whether multilateral disciplines on subsidies are indeed needed and if yes, how the trade community should go about negotiating them. More ...

two men with face masks against coronavirus Photo by Macau Photo Agency on Unsplash

What does the coronavirus outbreak mean for the global economy?


The spread of the new coronavirus Covid-19 has serious economic consequences beyond the high number of diseases and deaths. The strong international interconnection between countries can lead to the types of economic consequences, now seen in China, to spread worldwide. In this blog post, we tease out the different effects. More ...

man with mask against coronavirus Photo by Free To Use Sounds on Unsplash

The Coronavirus challenges global value chains


  A few weeks ago, we published a comprehensive macro analysis of the German value chain network. As the Coronavirus has started to disrupt global value chains, we were wondering if it tells us anything about Germany’s risk of infection. Turns out, it offers some general clues. The fever goes up: The Coronavirus takes its […] More ...

Addis Ababa Photo by kaleab on Unsplash

Can Ethiopia become the economic hub of Africa?


Ethiopia has been one of the fastest-growing countries in the world, with a double-digit growth rate over the past one and half-decade. The country’s GDP increased by 10.25% in 2017, mainly as a result of the huge state investment in infrastructure, agriculture, education, and the services sectors in a state model that permitted no political oppositio More ...

GED READS

How Deflationary is Digitisation?


In his book ‘The Price of Tomorrow,’ Canadian technological entrepreneur Jeff Booth engages in the debate about the global effects of digitization on inflation. I talked with him about the central thesis of his book and discussed some of his personal views. More ...

Eindhoven Skyline Eindhoven_skyline_©BlowUp_Media

Cities’ Strategies to Cope with the Challenges of Globalisation: Eindhoven


Central to Eindhoven’s strategic approach for staying competitive and at the same time inclusive and liveable in a globalized world is winning the “war for talent.” A talk with Peter Kentie, managing director for “Eindhoven365” as Eindhoven’s unit for strategic city marketing is known, outlines why this is important. More ...

Helsinki Skyline Photo by Tapio Haaja on Unsplash

Cities’ Strategies to Cope with the Challenges of Globalisation: Helsinki


Resilient and competitive cities are key to coping with the challenges arising from globalization. Helsinki’s “world most functional city” strategy was implemented at the end of 2017. Looking at their strategy and talking with their strategic manager Mr. Marko Karvinen offers some interesting insights and learnings. More ...

Bejing Photo by Magda Ehlers from Pexels

Industrial Policy – Lessons from China


Industrial policy has been a reform instrument in China since the late 1980s, playing a decisive role in China’s development from an imperative planned economy to a “market economy with Chinese characteristics.” So, it is not surprising that industry has become one of the most important pillars of the Chinese economy over the years. Now, […] More ...

graph

The US is not an economic growth model for the global economy


In his speech at the “World Economic Forum” in Davos in January, Donald Trump praised his economic policy as a model for the whole world. In fact, since Trump took office in 2017, the United States has had the highest growth rates of all G7 countries. Nevertheless, his economic policy is not a blueprint for […] More ...

Industrial Gear https://www.pexels.com/photo/man-wearing-orange-hard-hat-2760241/https://www.pexels.com/photo-license/

Industrial Policy – Lessons from the USA


Several rankings indicate that the US is among the most innovative countries in the world. Often considered a country that takes a market-liberal approach to industrial policy, the state, in fact, plays quite an active role. More ...

geards image @ Pixabay on pexels.com

Are German and European Politics ready for Industrial Policy Reform?


  This is the second post in our series on globalization and innovation as drivers of new industrial policy in the EU and Germany. See the first post here.  Over the last few years, industrial policy has become an increasingly more relevant topic for German and European policymakers. This interest has been rather controversial, leading […] More ...

Eine Deutsche und die Europäische Fahne flatternd im Wind.
Bestellt am 25.-10.2019 in einer KONZERN-Lizenz für St-MT ID 612 | GED-Studie "Impacts of FDI in the EU" Eine Deutsche und die Europäische Fahne flatternd im Wind. Bestellt am 25.-10.2019 in einer KONZERN-Lizenz für St-MT ID 612 | GED-Studie "Impacts of FDI in the EU"

Economic Impact of Foreign-owned Firms in the EU and Germany


In times of Trump and Brexit, protectionist tendencies seem to be a global trend. The advantages that economic interconnectedness implies are increasingly receding into the background. Foreign-owned firms in the EU and Germany, however, make a considerable contribution to employment and gross domestic product (GDP). More ...

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Globalization Report 2018: Who Benefits Most from Globalization?
For the 3rd time in a row – industrialized countries are biggest winners in globalization


The main question in the “Globalization Report 2018” is: What impact did the increase in globalization between 1990 and 2016 have on real – i.e. inflation-adjusted – GDP per capita in the 42 countries analyzed. This indicator was chosen because it is more meaningful for the prosperity of citizens than the GDP of the economy as a whole. More ...

factory Photo by Kateryna Babaieva from Pexels

Diffusing the Conflict Around Industrial Subsidies


The US is accusing China of distorting international competition through industrial subsidies to private and state-owned enterprises. This is one of the core elements of the trade conflict between the two nations. Multilateral rules disciplining the use of industrial subsidies are currently not very far developed – but could be a key feature in assuring a level playing field amongst trading nations. In two new publications, GED looks into whether multilateral disciplines on subsidies are indeed needed and if yes, how the trade community should go about negotiating them. More ...

two men with face masks against coronavirus Photo by Macau Photo Agency on Unsplash

What does the coronavirus outbreak mean for the global economy?


The spread of the new coronavirus Covid-19 has serious economic consequences beyond the high number of diseases and deaths. The strong international interconnection between countries can lead to the types of economic consequences, now seen in China, to spread worldwide. In this blog post, we tease out the different effects. More ...

Das Schauspielhaus in Bochum bei Nacht, 19.02.2019. +++ Foto: Lutz Leitmann / Stadt Bochum Das Schauspielhaus in Bochum bei Nacht, 19.02.2019. +++ Foto: Lutz Leitmann / Stadt Bochum

Cities and Globalisation: Bochum


Bochum, located in Germany’s Ruhr Valley, faces not only global competition but also competition from the many larger cities in the area. The chances for success in such an environment can be improved by setting up a comprehensive and holistic strategic approach. With 2030 – Die Bochum Strategie Bochum has developed an excellent strategy which focusses on five key points: environment: science, modern city management, talent, quality of life, and culture. More ...

trade-water-boat- @Julius Silver pexels.com

Demographics and Foreign Trade: What Are the Effects of an Aging Population on the Current Account Balance of an Economy?


The change in the age structure of a society has an impact on key macroeconomic variables, including the savings and investment ratios, the inflation rate and overall economic productivity. Our forthcoming paper outlines some central relationships between the ageing of population in developed industrial economies and their current account balances. More ...

man with mask against coronavirus Photo by Free To Use Sounds on Unsplash

The Coronavirus challenges global value chains


  A few weeks ago, we published a comprehensive macro analysis of the German value chain network. As the Coronavirus has started to disrupt global value chains, we were wondering if it tells us anything about Germany’s risk of infection. Turns out, it offers some general clues. The fever goes up: The Coronavirus takes its […] More ...