Inflation Reduction Act vs. Green Deal: Transatlantic Divergences on the Energy Transition
Patrick Lenain | 20 March 2023
Monetary,
Trade,
Blog | Tags:
Decarbonization,
Energy,
Industrial Policy,
Protectionism,
Tax Expenditures
The U.S. Inflation Reduction Act (IRA) has caused significant transatlantic tensions since its signing by Joe Biden in August 2022. The White House aims to break with the country’s high levels of fossil fuel consumption and switch to clean energy - a change that Europeans
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The Digital Transition of Services: Getting Regulation Right From the Start
Hildegunn Kyvik Nordås | 9 March 2023
Trade,
Blog | Tags:
Competition,
Digital Economy,
Innovation,
Privacy,
Services Trade
The digital transition and the introduction of artificial intelligence (AI) in services are blurring the boundaries of both occupations and sectors. At the same time, new or rekindled trade-offs between different regulatory objectives arise, transgressing sectoral and occupational boundaries as we know them. Services regulations,
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The Return of China: Mostly Positive News for Vietnam
Patrick Lenain | 17 January 2023
Trade,
Op-Eds | Tags:
China,
Covid-19,
Trade,
Vietnam
In light of China's reopening, many forecasters now see a strong V-shaped rebound from mid-2023, led by private consumption.
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Trade Protection – What Impact on Jobs and Wages?
Nicolas Benoit and
Patrick Lenain | 23 December 2022
Trade,
Blog | Tags:
Protectionism,
Trade Liberalization,
Unemployment,
Wages
New research indicates that import tariffs by the US on China increased employment and wages in the targeted industries. The benefits are counterbalanced, however, by several costs to the economy as a whole.
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Trade in Marine Debris Collection Services
Hildegunn Kyvik Nordås and
Ronald Steenblik | 15 December 2022
Trade,
Policy Briefs | Tags:
Biodiversity Risk,
Environmental Services,
Services Trade
The economic costs of marine debris to the APEC region are high. It is critical to remove restrictions on trade, investment and the temporary movement of people needed to engage in debris clean-up services. APEC Ministers have noted how environmental services are important to prevent,
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All Hands On Deck To Confront The Energy Crisis
Patrick Lenain | 15 November 2022
Trade,
Blog | Tags:
Carbon Pricing,
Energy,
Fossil Fuel Subsidies
The current energy crisis illustrates once again the importance of reliable, diversified and affordable energy sources. Strong price increases inflict heavy economic damages: if coal, oil and gas retain their recent high prices, global spending on energy will reach 13% of GDP in 2022 –
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Digital Industrialization: Building Internationally Competitive Digital Industries With Global Value Chain Connectivity
Hildegunn Kyvik Nordås,
Rupa Chanda,
Yose Rizal Damuri,
Jane Drake-Brockman,
Dionisius Narjoko,
Neha Mishra,
Matthew Stephenson and
Makoto Yokazawa | 14 October 2022
Trade,
Policy Briefs | Tags:
Digital Economy,
Trade Governance
Formulating domestic strategies to develop digital industries and increase participation in fast growing “tech trade” has emerged as a policy priority across the G20. This requires a balancing act between industrialization versus employment objectives, data protection and national security goals versus international competitiveness and openness.
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Trade and the Environment: Focus on the Goals!
Hildegunn Kyvik Nordås | 12 August 2022
Trade,
Blog | Tags:
Environment,
WTO
Environmental concerns are moving up the trade policy agenda both in the WTO and regional trade agreements where countries discuss liberalizing trade in environmental goods and services. A first step is to agree on a definition of environmental goods and services. However, discussions have been
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Fostering Global Cooperation
Henry Gao | 10 June 2022
Trade,
Blog | Tags:
Climate Change,
Digital Governance,
Trade Governance,
WTO
As the world enters 2022, the global trading system seems to be stuck in a deep crisis: the trade war between the US and China continues into another year with most of the additional tariffs staying in place and the only things missing are the
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