• European Commission, summer forecast: Optimism for the Greek recovery

    In 2020, the EU economy recorded a recession of 9.8%. As can be seen from the graph above, the Spanish economy contracted by 10.8%, followed by the Italian (-8.9%), the Greek (-8.2%), the French (-8.2%), the Portuguese (-7.6%) and the German (-4.9%) economies.


    Dimitris Katsikas; Apostolos Fasianos2021-10
  • Kickstarting Africa's Efforts to Tap into the Global Digital Economy Through Sound Data Regulation

    ​Tapping into the value that cross-border data flows create has become a prerequisite for businesses worldwide. To take part in the global digital economy, countries must enact policies that seek to balance the benefits and risks created by data flows.


    Drudeisha Madhub2021-09
  • Synchronicity in Economic Policy amid the Pandemic

    The multiplicity of country models of dealing with the pandemic, the "vaccine competition", the breaking up of global value chains and their nationalization and regionalization all point in the direction of greater localization and self-sufficiency. At the same time there is a need from greater sync ...

  • Remote work, EU labour markets and wage inequality

    On the eve of the COVID-19 pandemic, in March 2020, unemployment in the European Union stood at the historic low rate of 6.3%. Due to the pandemic, it then began to rise, reaching 7.7% in September 2020. While unemployment has declined somewhat since then, signalling that the EU is on the path to la ...


    Georgios Petropoulos; Tom Schraepen2021-10
  • A perfect storm for container shipping

    A GIANT SHIP wedged across the Suez canal, record-breaking shipping rates, armadas of vessels waiting outside ports, covid-induced shutdowns: the business of container shipping has rarely been as dramatic as it has in 2021. The average cost of shipping a standard large container (a 40-foot-equivalen ...


  • Assessing International Environmental Leadership: CDI 2021

    Today, we publish the 2021 Commitment to Development Index (CDI), which tracks powerful countries' policy efforts on development across eight important areas, from development finance to migration. One of the CDI's focal areas is the environment, which matters for everyone but is especially critical ...


    Lee Robinson; Ian Mitchell; Beata Cichocka2021-09
  • The Great COVID-19 Recession Revisited: Hysteresis, Bottlenecks and the Era of the Great Divergence

    The gap between different income groups, genders, and levels of human capital accumulation has grown further, while economic inequality and in terms of non-traditional security threats has dramatically worsened. This expansion of inequality will be the largest obstacle to sustainable development, wr ...


    Kim Heungchong2021-09
  • Workers fear robots and automation from Covid are here to stay. But they create jobs.

    Calls for steps like 'robot taxes' to level the playing field between humans and AI will only hurt the economy — and workers.


    James Pethokoukis
  • Job Openings Are at a Record High. Why Aren't People Going Back to Work?

    The U.S. labor market had 10.1 million job openings at the end of June, according to the Bureau of Labor Statistics. But 8.7 million workers were still unemployed in July. If there are so many more openings than job seekers, why are there unemployed workers left?


    Kathryn A. Edwards
  • Taking climate action demands better local accounting of costs and benefits

    ​From wildfires and droughts in the West to surging rainfall in the East, this summer has offered steady evidence of just how destructive climate change can be. Now, with grim new findings from the latest UN climate report—including higher pollution, higher temperatures, and higher sea levels—we als ...


    Joseph W. Kane, Sophie Abo, Adie Tomer2021-09