Contributions of metropolitan areas to GDP

Good to see that the Slovak economy is not as Bratislava-centric as one might have thought. Much of the debate is Slovakia is about the urgent need to develop the country's non-Western regions. Norway is a pretty amazing case: Oslo contributes almost 90% to national GDP growth. Given how beautiful…

The EU and the G-20

The G20 and the EU: A Win-Win Game The EU in the G20 represents all EU Member States. As some EU Member States are also G20 members (France, Germany, Italy and the UK) or permanent guests (Spain), EU representatives play a key role in the coordination process of the EU…

Updating tax policies after Panama Papers

Communiqué: G20 Finance Ministers and Central Bank Governors Meeting: "We mandate the OECD working with G20 countries to establish objective criteria by our July meeting to identify non-cooperative jurisdictions with respect to tax transparency. Defensive measures will be considered by G20 members against non-cooperative jurisdictions if progress as assessed…

United Kingdom's trade with the rest of Europe

Share of UK's trade with the rest of the EU (percent) table.tableizer-table { font-size: 14px; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 8px; margin: 5px; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; } 2004 2014  Imports56.153.0 Exports58.947.9 Average57.550.5 The table shows how much the…

China's opening to trade

A striking passage from C. Fred Bergsten's comment published in 2004 in Development challenges in the 1990s: leading policymakers speak from experience, edited by Tim Besley: [Jiang Zemin] said, in perfect English, that he considered China’s entry to the WTO to be closely related to his country’s “deep…

China's Belt and Road Initiative

PIIE BRIEFING 16-2: China's Belt and Road Initiative: Motives, Scope, and Challenges: China's commercial ties with the outside world have long been symbolized by the ancient Silk Road, which began as a tortuous trading network of mountain paths and sea routes that provided a lifeline for the Chinese economy. Now…

Happening in China - February 2016

China central bank resumes easing cycle to cushion reform pain | Reuters European Chamber of Commerce in China: Overcapacity in China Xinhua: China inaugurates national R&D plan: "The plan merges several prominent state sci-tech programs, including the program 863 and program 973, focused on key fields such as…

Chicago Stock Exchange and other Chinese investments

Judging by the recent money flows, Chinese companies like offshore wind farms, European football clubs, and... financial infrastructure: Bloomberg Business: Obscure Chinese Firm Dives Into $22 Trillion U.S. Market While the world has gotten used to seeing Chinese companies snap up overseas businesses, the purchase of a 134-year-old U.…

Visualizing China's rise

In PPP terms, the Chinese economy is now larger than America's. In early 1980s, the countries of Sub-Saharan Africa produced more goods and services than China. By 2015, Sub-Saharan Africa accounted for 3.1 percent of global GDP. China accounted for 17.2 percent. China could soon account for one…