What economic lessons can Switzerland learn from the pandemic?

After being hit with US tariffs that climbed to 50 per cent over its purchases of Russian oil, India has now struck a deal with the world’s largest economy to cut those duties to 18 per cent, sending the rupee and local markets sharply higher. All...

Escalation Dominance—the ability to credibly threaten escalation to higher levels of conflict while convincing adversaries you would prevail at those levels—depends on unity. So says conventional wisdom. A coherent government that can demonstrate ...

The past year has shown how geopolitical disruptions can simultaneously raise risk levels and generate new opportunities across sectors. Trade fragmentation, intensifying strategic competition in technology, and pressure on supply chains have made...

China’s export-driven economic model is sharpening a trade-off western policymakers know all too well: shielding domestic industry usually comes at the cost of higher prices. Politicians face an uncomfortable choice: disappoint voters worried abou...

Our goal here is to demonstrate how readily available trade statistics can inform debates about the growing threat posed by China’s most successful goods exports to the vanguard firms in her trading partners. We analyse the overlap between China’s...

When European Central Bank president Christine Lagarde warns that Europe’s “old growth model” has aged and its reliance on exports is now a “vulnerability”, it is worth listening. Central bank heads rarely use such choice language. In an eye-openi...

They threaten traditional car industries but are good for consumers and bring investments. The region will have to recalibrate its strategy. This is the third in a limited Opinion series on the Chinese economy. The first on the squeezed middle cla...

This paper extends the New Industrial Policy Observatory (NIPO) dataset from 2009 to 2023 by employing large language model techniques to identify policy motivations. We document widespread industrial policy adoption across advanced and emerging m...

This paper develops a new toolkit for analysing how global shocks affect the geographical and functional distribution of global value chains (GVCs) at the subnational level. Using the toolkit, which we call the shocks approach to indicator design,...