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Newsletter of May 29, 2019

The Elections for European Parliament may have dominated international headlines, but India’s Election could prove just as consequential for the global economy.

 

What Do the Results of the EU Elections Mean for the Future of the EU Trade Policy?

Last week, the citizens across the European Union voted for a new European Parliament. The European Parliament also has an important voice in trade policy, so in this blog post GED asks the changes in the composition of the EU parliament mean for the EU trade policy.

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Election Results India: Implications of Election Results

The results of the 17th General Elections of India for choosing legislators were declared on May 23, 2019. The biggest elections in the largest democracy of the world, featuring 900 million eligible voters, spread over more than a month, were held over 7 phases. The 1st phase of the elections commenced on April 11 while the 7th and last phase concluded on May 19. The national average of voter turnout was close to 67%. The ruling coalition since 2014, the National Democratic Alliance (NDA) led by the right wing Bharatiya Janata Party (BJP), was pitted against a rainbow coalition of a motley group of political parties in the forefront of which was the Grand Old Party of India, the Indian National Congress (INC).

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The EU and Mercosur Might Make a Deal!

Every cloud has a silver lining. As the conflict between the US and China continues to grow, not only does the uncertainty keep rising but also the pressure to mitigate the collateral damage the ongoing trade war may cause the rest of the world. The EU and the MERCOSUR countries could alleviate the pain by pushing forward negotiations for an interregional free trade agreement.

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Caught in the Crossfire of the US-China Trade War

Once again, a tweet by US President Donald Trump has put the world in shock: Shortly before the next negotiations with China, Trump pushed ahead with further punitive measures and increased customs duties on Chinese imports worth USD 200 billion from 10 to 25 percent. China retaliated in kind. What does this mean for China and specially the EU, which has been caught in the crossfire of Trump’s criticism, too?

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The Future of Capitalism: Social Democracy in Crisis? (Part 2)

During our visit to the Global Solutions Summit 2019, we had the chance to talk to Paul Collier, professor of Economics and Public Policy at the University of Oxford and author of “The Future of Capitalism”. As we highlighted in our last post, with his newest book, the author questions modern social democracy and appeals for a future where capitalism is not only prosperous but also more ethical. We discussed practical steps towards his idea of capitalism; a European identity; Brexit; the role of environment; and why the values of moral responsibility are universal. To listen to his thoughts on these topics don’t forget to check our latest video!

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How Can Consumers Benefit from Big Data and AI?

Big Data and artificial intelligence are two phenomena that will shape social and economic development in the coming decades. This can have considerable advantages for consumers.

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Is Globalization Broken?

On Monday, May 13, we brought together researchers and politicians to discuss the current state of globalization and exchange ideas about its future course.

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Andreas Esche

Director, Program Megatrends

 

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