Web-Meeting: What do we need a World Trade Organization for?
The WTO is the bedrock of the global trading system. Yet it is increasingly in need of reform. In this web-meeting, we will discuss with Ignacio Garcia Bercero, Chad Down and Elvire Fabry how to take the WTO forward.
Focus Paper: Economic consequences of the corona pandemic for developing countries and emerging markets
The spread of the corona virus (COVID-19) causes not only a high number of illnesses and deaths but also enormous economic damage. For many developing countries and emerging markets, whose economic development is fragile irrespective of this pandemic, the economic consequences may be even more serious than for most industrialized nations.
Web-meeting : Web-meeting Recording: Whatever it takes – Germany and the US tackle the lockdown economy
On Thursday, April 9th, the Bertelsmann Foundation of North America and the Global Economic Dynamics project of the Bertelsmann Stiftung hosted a web-meeting on the response to the CoVid19 crisis in the US and Germany.
Study: A Fading Institution
When the World Trade Organization (WTO) was founded, expectations of this new forum were high. But its 25-year history has not lived up to these great expectations. This is shown by an analysis of the media coverage on the occasion of the founding anniversary of the WTO.
Interview: Brexit – "After they leave is when the negotiations will really start"
It's now final, right? In 2016, the UK voted to leave the EU. Now, three-and-a-half years, two prime ministers and one European election later, the divorce papers have been signed, which means Great Britain will exit the European Union on January 31. To find out what comes next, we spoke with our Europe expert, Christian Kastrop.
Focus Paper: Learning from Trump and Xi? Globalization and innovation as drivers of a new industrial policy
Technological innovations are essential drivers of long-term and sustainable growth to ensure prosperity. Accordingly, there is currently a debate in Germany and the EU as to whether a new, strategic industrial policy can be an answer to the complex dynamics of digitisation.
Study: What has the WTO Ever Done for Us?
On January 1st, the WTO will celebrate its 25th birthday. Whether it is looking forward to a rosy future is however uncertain. Their largest members, the US and China escalate their tariff disputes outside the organization. At the same time, the US’s blocking of the Appellate Body risks damaging the whole institution. The US and China should think twice though: together with Germany, they are among the largest beneficiaries of the rules-based trading system.
Study: Brexit: The Weakest Link in the Production Chain?
Germany and the United Kingdom have forged close production networks, which are threatened by Brexit. A new study commissioned by the Bertelsmann Stiftung shows in which sectors particularly tight value chains exist and therefore the highest costs are to be expected due to Brexit.
Report: DG Azevêdo Receives Experts’ Report on Future of Global Trade Governance
WTO Director-General Roberto Azevêdo met on 17 July with representatives of the Bertelsmann Stiftung’s High-Level Board of Experts to receive their report on the Future of Global Trade Governance. The report outlines four complementary avenues that can be pursued to revitalize the WTO as a forum for trade cooperation and conflict resolution.
Study: Industrialized Countries are the Winners of Globalization
The retreat into the national sphere is in vogue – especially in the industrialized countries: The election results between Washington and Berlin reflect citizens' concerns about the negative consequences of globalization. However, our Globalization Report 2018 shows that the winners of globalization are often at home where the criticism of globalization is loudest: in the industrialized countries.
INTERNATIONAL SURVEY: People want a Safety Net for Globalization and Trade
Since Donald Trump became US President, the commitment to free trade is no longer self-evident. In many countries it made way for a protectionist reflex, not only in the US. But are the citizens buying this new narrative? Our international survey analyses what people actually think about globalization, trade and protectionism.
Study: Boosting Trade in Services in the Digitalisation Era: Potential and Obstacles
While international trade in goods is stagnating, the exchange of digital services has been growing strongly over the past years. Some European economies harness the potential of this growth market well – but others lag behind. A new study identifies which countries can make better use of their potential and from which countries they can learn.
Study: US economic isolation hurts the global economy – and the US itself
"America first!" was the slogan US President Donald Trump used to announce a turnaround in American foreign and trade policy. How would looming economic isolation impact the American economy and the rest of the world? New simulation results show: protectionism in international trade is a loss-making venture.
Study: EU-India free trade agreement could result in an annual increase in the EU's GDP of up to €21 billion
Given the rising uncertainty about the relations with the USA the EU is seeking to orientate itself more towards Asia. India is considered a dynamically growing market, however, it is still relatively closed in regard to global trade. A free trade agreement could provide new stimulus and could result in an annual increase in the EU's GDP.
Analysis: France before the election: Where is the country headed?
Who will take up residence in the Élysée Palace? The French are choosing their next president in a two-step process, with a first-round election on April 23 and a runoff on May 7. The results of the vote in one of Europe's most populous and economically important nations will send a signal to the entire continent. We take a look at the country's economic and social situation and its global ties.
Analysis: Fact Check: The Netherlands goes to the polls
Parliamentary elections are being held in the Netherlands on March 15. The right-wing populist PVV party has repeatedly succeeded in infusing the campaign with anti-Islamic sentiment and prospects of the Netherlands leaving the EU, also known as "Nexit." But what about the facts? How is Germany's neighbor doing in terms of its economy, social situation and global ties?
Comment: Europe needs China – and vice versa
Beginning December 11, China expects the EU to treat it like a country with market economy status – as laid out in the agreement Beijing signed when it joined the WTO in 2001. This is giving rise to concerns that European companies might no longer be sufficiently protected from inexpensive Chinese exports. The current situation is more than just a maneuvering for economic advantage. It is also a game of power politics.
Study: Is China buying "Made in Germany"?
German technology is globally very popular – including in China. However, not everyone is enthusiastic about the interest being shown in it by the Middle Kingdom. Takeovers by Chinese firms are being observed with increasing skepticism and in some recent cases are even subject to government review. We have analyzed Chinese investments of recent years - with mixed conclusions.
Study: The globalization engine loses momentum
Opened borders, dismantled trade barriers, communication across the globe in real-time – up until now globalization has only known one direction of impact: bigger, quicker, further. But since 2007 the international community has become less interconnected. The 2016 Globalization Report shows how this has affected the development of per-capita income in industrialized and emerging countries.
Background: Brexit: What happens now? An overview
The Brexit is on its way, now that a majority of British voters have said they want to leave the European Union. We examined the impact Britain's departure will have on the United Kingdom and Europe. Here is an overview.
Survey: Growing skepticism: TTIP under pressure in Germany and the USA
Everyone can benefit from free trade – that was the tempting promise made at the start of the negotiations on the Transatlantic Trade and Investment Partnership (TTIP) in 2013. But meanwhile in Germany and in the USA the support for the planned free trade agreement drops.
Study: End to Schengen could mean a dramatic decline in growth for Europe
Exchange of goods, going on holiday or a year abroad - Schengen with its open borders makes that possible. Reintroducing internal border controls would not only mean new inconveniences for the Germans. Economic growth and wealth of all EU member states would be in danger.
Survey: British and German companies regard Brexit as a threat
For months Euro-skeptics in the UK have been drumming up support for Britain's withdrawal from the European Union, selling the so-called Brexit as the road to prosperity. But as our survey shows, most German and British business leaders believe Britain would be better off remaining in the EU.
Study: BREXIT could be expensive – especially for the United Kingdom…
Exiting the EU could cost the United Kingdom more than €300 billion. The remaining EU member states would only experience minor economic losses from an exit. But elections in the British House of Commons could set a course for a bitter economic and above all political setback for the entire EU.
Study: The wage inequality becomes wider by the departure from collective agreements
The wage distribution in Germany has become increasingly unequal in recent years, especially since the mid-1990s. The decline in collective bargaining is a key driver for this development. By contrast, global trade merely plays a subordinate role.
Study: Brazil and Germany: A 21st-Century Relationship
Brazil and Germany present many opportunities for fruitful bilateral trade and investment. This is the result of a study authored by the Bertelsmann Stiftung's Global Economic Dynamics project and a team of economists from Brazil's Fundação Getúlio Vargas.