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Newsletter of Nov 29, 2019

In our Roadmap 2030 series we offer some policy options for Europe on how to deal with growing protectionism and increasing trade imbalances.

 

Roadmap Vol. 1: Five Ways Europe Could Respond to Growing Protectionism

For months now, trade disputes between the U.S. and China have been escalating. Growth forecasts are therefore being lowered worldwide, most recently by the OECD. The U.S. protectionist measures are directed primarily against China, but the EU is also increasingly being targeted by American trade policy. As a reaction to protectionist measures – regardless of which country takes them – there are five central measures for the EU.

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Roadmap Vol. 2: What Germany and Europe Can Do To Reduce Current Account Imbalances

Last week we discussed Europe’s possible responses to growing protectionism . Current account deficits are an essential reason why countries are shutting themselves off economically. This post outlines five ways that countries can reduce those deficits (current account surpluses).

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Roadmap Vol. 3: Basic Conditions for Welfare-enhancing International Trade

A fundamental conviction of economics is that international trade increases the material prosperity of people. There are numerous reasons for this. At the same time, however, it should be pointed out that a number of conditions must be met, since the international division of labor and the trade associated with it actually improve people’s living conditions. Three aspects play a central role here.

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16th Asia Europe Economic Forum, 28-29 November in Berlin on EU-Asia Trade and Investment Connectivity

The 16th AEEF is hosted by Bertelsmann Stiftung (Foundation), together with Bruegel and the Centre d’Études Prospectives et d’Informations Internationales (CEPII) on the European side, and the Asian Development Bank Institute (ADBI), Shanghai Jiaotong University and the Korea Institute for International Economic Policy (KIEP) on the Asian side with the financial support of the Asia-Europe Foundation, Singapore (ASEF).

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Robert Shiller: Fewer Stats, More Stories!

Criticism of mainstream economics abound. To name just a few: It relies on formalistic mathematical equations, which might be neat to solve but bear only scant resemblance to reality; it is overly optimistic about the power of the market to produce good results, while diminishing the role of the state; it portrays people as egoistic and driven by rationality, instead of including other motivations. Therefore, proposals how to amend traditional models and suggestions for alternate approaches are booming. In our latest GED Reads, we took a closer look at a new approach to include a gender perspective into thinking about economic globalization. This time, we turn to the importance of the economic stories that people tell.

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Andreas Esche

Director, Program Megatrends

 

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