David Cameron, the European Commission and the OECD have all promised to get tough on tax avoidance in response to the Panama Papers leak. Any measures they take will be part of an international political process begun almost 20 years ago at the OECD, the organisation charged by the G8 and more recently the G20 to develop international standards […]
QuoteSearcher commissioned a follow up study on small and medium enterprises (SMEs) decision makers and their opinions on exporting in the European Union and worldwide. The original study was a YouGov survey on SME decision makers to understand their opinions on the EU and what effect, in any, a “Brexit” would have on their businesses. One of the key findings from […]
Until recently the City has sought to maintain a low profile on Brexit. For an industry still very much in the public gaze, there is little incentive to stick their head above the parapet as long as the outcome of the referendum result remains shrouded in uncertainty.
Finance, above all else, is deeply uncomfortable about making public interventions into politics […]
Communities in Australia’s mining heartland are in trouble and are calling on government to sustain them and rehabilitate closing mine sites. This month Alinta Energy will shut South Australia’s last two coal-fired power plants. Alinta has already closed its Leigh Creek mine and shackled government with responsibility for the purpose-built town that serviced the mine for over 30 years. […]
The ultimate rationale of banking union
Banking union was conceived as a reply to one of the root causes of the European debt crisis: the sovereign-bank loop. To break the loop, euro-area leaders decided to move responsibility for banking supervision and resolution to the European level.
Banking union consists of the SSM (Single Supervisory Mechanism) and the SRM (Single Resolution Mechanism). […]
This is not meant to be an alternative to traditional growth models. Growth is a behavioural response to needs that become new demands, sparked by social trends, business opportunities and entrepreneurs. There is no novelty in this. And there is also no real distancing from free markets theory, the free movement of people and goods, and open government policies. […]
As if terrorism, refugees, Schengen, debt, and Greece were not sufficiently big worries in each of themselves, the EU now has also to face the “English Question”. A referendum on Britain’s EU membership will take place before the end of 2017 (Copsey and Naughton 2014). In or out, remain or leave, the relationship between the UK and the EU […]
The UK has a finger in many pies: the EU, NATO, the United Nations Security Council and the Commonwealth, to name just a few. Of these, the Commonwealth – which has just finished its latest summit meeting – obviously has the closest specific link to British culture and history, since it’s mainly comprised of our former colonies. (A few Commonwealth […]
A month ago, the third India-Africa Forum Summit (IAFS) in Delhi elevated India’s relations with the continent to an unusually prominent position between 26-29 October. Now, once again, China overshadowed India’s relations with Africa with the 6th Forum on China Africa Cooperation in Johannesburg in early December.
The series of Africa events organised by the government of India culminating in […]
By and large, the world is caught in a phase of global economic transition: the possibility of the US and Europe exiting the zero-interest-rate terrain lurks in the horizon, despite seeming remote in the recent past; in China, the government is attempting to rebalance growth from over-reliance on exports as aggregate growth moderates toward the 6-to-7 percent band in […]
China is swiftly becoming one of the world’s largest investors, especially in Sub-Saharan Africa, with the biggest investments made in Nigeria, Sudan, South Africa and Angola. In 2012 China was estimated to have a total stock of $531 billion in investments abroad, with four percent of it — $22 billion — in Africa. A small sum at first glance, […]
The option of Britain leaving the European Union sounds superficially attractive. Who doesn’t like the idea of freedom and independence? But it isn’t as simple. In fact, Britain needs Europe a lot more than Europe needs Britain. Isolation is costly.
Look at international trade. The British economy is heavily exposed to the European Union. The EU is by a mile […]
China’s Challenges. Jacques deLisle and Avery Goldstein (eds). University of Pennsylvania Press. 2015.
China is facing a number of daunting and complex challenges. The extraordinary pace of economic development experienced over the last thirty years has fundamentally transformed Chinese society, altering the distribution of wealth, relations between citizens, the Chinese Communist Party (CCP) and the state as well as the […]
Do countries do well by doing good? More precisely, does a country admired by others reap any benefit? My research indicates that the answers to these questions is “yes” and “yes”. I have taken advantage of a quantitative measure of soft power to show that a country sells more exports to nations that perceive it to be a force for good, holding […]