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Newsletter of Nov 19, 2020

Ahead of next weekend’s G20 Leaders Summit, we take a look at what to expect from the meeting.

 

What to expect at the G20 Leaders’ Summit?

The G20 could play a vital role in orchestrating a non-protectionist, sustainable, and inclusive global recovery. Their special Summit on the Corona crisis in March produced some promising results. In previous years, however, in the past, the group of twenty very diverse developed and developing countries has had difficulty finding common ground on important global issues, such as international trade and climate change. It is questionable whether the pandemic will substantially change this. Moreover, Mr. Trump’s legacy and rising geopolitical tensions loom ahead.

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Masks made in Germany

The corona pandemic has severely affected international supply chains. Starting with the first production stoppages in China at the beginning of the year, production has also come to a standstill in Germany. In many sectors, important components and preliminary products from the most important supplier country for the EU and Germany were missing. However, the closing of borders within Europe has also considerably slowed down the movement of goods and economic activity.

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This time is different: Four learnings so far in Pandenomics

This economic crisis is unlike others. Economic indicators did not necessarily develop as we predicted by relying on intuition or past experience. Here are four learnings we’ve drawn so far from the COVID-19 pandemic.

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Digitalization of the Global Economy: Monopolies, Personalized Prices and Fake Valuations

The use of digital technologies is causing the global economy to grow ever closer together. For consumers, this has several advantages, but it also some serious risks. The challenge is to shape the macroeconomic framework conditions in such a way that opportunities for consumers can be exploited and risks minimized.

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Lockdown Light = Recession Light?

On November 2, Germany will join the ranks of developed countries introducing additional national measures to slow down the spread of Covid19. What will they mean for the German economy and where do the biggest risks lurk going forward?

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Online Discussion: What the Selection of a New Director General Means for Global Trade Governance

The WTO is entering the final stages of choosing a new Director General. On October 7th, the final contenders out of an initial group of eight were announced: Ngozi Okonjo-Iweala (Nigeria) and Yoo Myung-hee (South Korea). What do these candidates stand for and what agenda lies ahead for the new WTO Director General and global economic governance? This discussion was held online on October 14th at 2pm CEST.

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Aging Societies, Old Societies, and International Competitiveness

The size and age structure of a population can play an outsize role in any country’s economic development in numerous ways, including international competitiveness. Population composition affects competitiveness via propensities to save and consume, companies’ investment behavior, capital intensity of production, and global and regional labor supply.

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Globalization Report 2020 – How do developing countries and emerging markets perform?

Every two years, our Globalization Report examines how much individual countries have benefited from the progressing globalization since 1990. Twenty-two of the countries considered in the “Globalization Report 2020” are also assessed by the Bertelsmann Stiftung’s Transformation Index (BTI).

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The Economics of Belonging – The false choice between social cohesion and economic openness

Four years after the annus horribilis the Western order finds itself at another crossroads. In his latest book, Financial Times editor Martin Sandbu explains why our current economic order isn’t living up to our expectations and what can be done about it.

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Multilateralism that delivers

From October 28 to 30, the Bertelsmann Stiftung co-organized the 2020 Annual Policy Dialogue of the Club de Madrid. Here are some of the key takeaways from the debate.

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Andreas Esche

Director, Program Megatrends

 

Bertelsmann Stiftung

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The Bertelsmann Stiftung, based in Gütersloh, Germany, is a nonprofit, private

operating foundation in accordance with Section 1 of North Rhine-Westphalia's Foundation Law.

The district government of Detmold serves as its supervisory authority.

Founder: Reinhard Mohn

Chairman of the Board of Trustees: Prof. Dr. Werner J. Bauer

Executive Board: Dr. Ralph Heck (Chairman), Dr. Brigitte Mohn, Prof. Dr. Daniela Schwarzer