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Global Economy Podcast
65 minutes | a month ago
Episode 40: Them and Us – How Immigrants and Locals can Thrive Together with Philippe Legrain
Few issues have caused as much political controversy in Europe as immigration. But are we really having the right conversation about immigration? Philippe Legrain argues that immigration pays many types of dividends and that societies open to immigrants will fare a lot better than closed societies – and not just in economic terms. Legrain puts forward a ‘patriotic’ case for immigration and addresses many complex issues like ‘illegal’ immigration and what newcomers need to do to fit into society. Fredrik Erixon talks to Philippe Legrain, founder of the Open Political Economy Network (Open) and visiting fellow at the London School of Economics’ European Institute, about his most recent and powerful book ‘Them and Us: How Immigrants and Locals can Thrive Together’. This episode was recorded as a live webinar. Click here to watch this conversation on YouTube.
30 minutes | 3 months ago
Episode 39: Re-shoring and the end of globalization with Maria Sokolova
Covid-19 turned the world upside down. Globalization is no longer seen as a force for good but a source of uncertainty. The second wave of Covid-19 has reignited discussions among political leaders about re-shoring of production in the interests of their population. But is re-shoring the right way to deal with the pandemic, and what are the alternatives? When uncertainty hits, we recommend pushing the pause button and reflect on the policy choices and their consequences during the first wave. In this episode, Oscar Guinea talks to Maria Sokolova – a Geneva-based trade expert and a consultant for the United Nations on International Trade – about value chains and the winners and losers of re-shoring and import diversification, and what are the economic and development aspects of such policy choices. This podcast is part of ECIPE New Globalization project where ECIPE fellows and others contribute to the debate on the world economy and globalization after Covid-19.
56 minutes | 3 months ago
Episode 38: Open or Closed – Our History of Human Progress – and Stagnation with Johan Norberg
Humanity’s embrace of openness is the key to our success. The freedom to explore and exchange – whether it’s goods, ideas or people – has led to stunning achievements in science, technology and culture. As a result, we live at a time of unprecedented wealth and opportunity. So why are we so intent on ruining it? Fredrik Erixon talks to Johan Norberg, bestselling author and thinker, about his most recent book ‘Open – The Story of Human Progress’. From Stone Age hunter-gatherers to contemporary Chinese-American relations, Norberg explores how across time and cultures, we have struggled with a constant tension between our yearning for co-operation and our profound need for belonging. He examines why we’re often uncomfortable with openness – but also why it is essential for progress. This episode was recorded as a live webinar. Click here to watch this conversation on YouTube.
34 minutes | 3 months ago
Episode 37: Globalization Comes to the Rescue with Oscar Guinea
A new consensus is growing across the European Union – and other parts of the world too: that globalization has gone too far. The argument goes as follows: as an exchange for higher efficiency and lower prices, Europe has sacrificed its ability to take care of itself and protect its own citizens. Therefore, if Europe does not want to live through another shortage of essential supplies, the lesson of the Covid-19 crisis is that the EU has to produce these products itself. This conclusion may sound intuitive but it is fundamentally wrong. In this episode, Fredrik Erixon talks to Oscar Guinea who explains that Europe is not overly dependent on the rest of the world because most trade in the EU is done within its own borders. He argues that imports from the rest of the world make every EU member state more resilient by diversifying its sources of supply. If you are interested to learn more, the new ECIPE paper Globalization Comes to the Rescue: How Dependency Makes Us More Resilient provides new analysis of EU’s dependency on foreign countries including China, the US, and the UK, and concludes that while import diversification is a reasonable strategy for some goods, re-shoring manufacturing back to the EU isn’t the right policy.
52 minutes | 6 months ago
Episode 36: Asia and the Pacific Region – A Protracted Recovery with Chang Yong Rhee
The global economy, says the International Monetary Fund, is projected to shrink by 4.9 percent in 2020. The COVID-19 pandemic has had a more negative impact on economic activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecasted. Fredrik Erixon talks to Chang Yong Rhee, Director of the Asia and Pacific Department at the IMF, about the prospects and policy challenges for Asian economies. Strong multilateral cooperation remains essential on multiple fronts. Beyond the pandemic, policymakers must cooperate to resolve trade and technology tensions that endanger an eventual recovery from the COVID-19 crisis. What are the economic effects of the COVID-19 crisis in Asian economies?What are the main risks to the outlook? And what economic policy actions countries should undertake to reduce scarring effects? This episode was recorded as a live webinar. Click here to watch this conversation on YouTube.
32 minutes | 6 months ago
Episode 35: 10 Years of EU Trade Policy with Lucian Cernat
On his last days as the Chief Trade Economist of the European Commission, Lucian Cernat talks to Oscar Guinea about the evolution of EU Trade Policy during his tenure. The discussion covers the relevance of SMEs and the benefits they gain from engaging in trade, the importance of evidence-based policy-making, trade in services, and the possibilities that Blockchain technology may bring to international trade. They also talk about how the Covid-19 crisis, the most severe event affecting world trade, highlighted the need for rigorous analysis of possible vulnerabilities in European supply chains. The views expressed herein are those of the author and do not reflect an official position of the European Commission.
40 minutes | 6 months ago
Episode 34: UK Trade Policy (after Brexit) with David Henig
In this episode, Fredrik Erixon talks to David Henig, the director of the UK Trade Policy Project. They discuss what is the UK trying to accomplish with its trade policy now that it is independent of the EU. The discussion covers the current progress of the EU-UK trade negotiations, FTA talks that have started with the US and Japan and what these say about UK global priorities, and the UK’s ambitions for the WTO.
63 minutes | 6 months ago
Episode 33: Learning to Love Trade Again with Frank Lavin
Global trade policy is in poor health. The relevance and integrity of the WTO have been eroded. Trade wars and commercial frictions have replaced the past spirit of gradually expanding the scope for global trade freedom. Globalization, says some, is dying. Fredrik Erixon talks to Frank Lavin, a former Under Secretary for International Trade in the US Department of Commerce and founder of Export Now, about what can be done to advance trader liberalisation – even in a milieu that is generally hostile to free trade. This episode was recorded as a live webinar. Click here to watch this conversation on YouTube.
61 minutes | 7 months ago
Episode 32: Can the West Make the State Competent Again? With Adrian Wooldridge
The Covid-19 crisis has shed new light on state failures in the West. Good government is a vital source of global competitive advantage – and, lately, countries like Singapore and South Korea have shown how a competently managed state can boost economic performance and handle acute health crises. Fredrik Erixon talks to Adrian Wooldridge, the political editor of the Economist, about how Western countries have lost their taste for well-run government – with some plunging into big-government nationalism and others being complacent about bureaucratic inertia. Can the West rethink the theory and practice of government? Will the rise of China push the West to reinvent the state – and yet again make it a competitive advantage? This episode was recorded as a live webinar. Click here to watch this conversation on YouTube.
62 minutes | 7 months ago
Episode 31: How Innovation Works with Matt Ridley
Fredrik Erixon talks to Matt Ridley – a journalist, thinker, author and businessman – about his new book, How Innovation Works: And Why It Flourishes in Freedom. In their conversation, Matt and Fredrik talk about how innovation happens and under what conditions that innovation thrives. Is innovation about technology – and does it flow from universities out to the economy? They also talk more specifically about innovation in the field of healthcare, in vaccination and treatment, and its implications to the Coronavirus pandemic.
57 minutes | 7 months ago
Episode 30: The State of International Free Trade with Dan Ikenson
Fredrik Erixon talks to Dan Ikenson, the director of the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies. They start their discussion by talking about how free trade is seen in Washington under the presidency of Donald Trump. In this podcast, they cover US strategy vis-a-vis China and what can be done to revive the WTO – and take a broader look at the state of free trade today.
51 minutes | 8 months ago
Episode 29: Trade in large Federal Markets with Michelle Egan
In this episode, Fredrik Erixon talks to Michelle Egan, Professor and Jean Monnet Chair ad personam of the School of International Service at the American University and author of the book Single Markets: Economic Integration in Europe and the United States. Their discussion focuses on how large federal single markets, like the EU and the US, are designed and how their structure affects Trade. What similarities and differences exist between the US and the EU? How are these large single markets governed? How does their structure benefit or impairs open trade?
22 minutes | 8 months ago
Episode 28: Covid-19 and the future for European SMEs with Veronique Willems
Small and Medium Entreprises (SMEs) represent two-thirds of total employment in Europe. Over the years, their role in economic growth and business activity has been expanding. In this episode, Fredrik Erixon talks to Veronique Willems, the Secretary-General for SMEunited, about the current situation for SMEs in Europe. How are SMEs getting through the crisis? How are governments offering their help? What consequences will this crisis have on entrepreneurship in Europe?
39 minutes | 8 months ago
Episode 27: Trust and Trade in the Age of Covid-19 with Ambassador Darci Vetter
The pandemic has put great challenges to firms and the leadership of organisations. In this episode, Fredrik Erixon talks to Darci Vetter, a senior executive at Edelman and former lead trade negotiator, about a survey of corporate leadership during the Corona crisis. They cover challenges to trade and supply chains, and in particular new stress in the food retail supply chain. Are food supplies threatened? How can we improve trade in food? How can governments and business best execute an easing of the lockdown?
24 minutes | 8 months ago
Episode 26: What is stopping trucks at borders between EU member States? with Joanna Jasiewicz
In the outbreak of COVID-19, the EU international freight traffic was close to collapsing with the obstruction of trucks from delivering goods to supermarkets in dire need of replenishing their inventory. In this episode, Matthias Bauer talks to Joanna Jasiewicz, an employment lawyer and representative of the Transport Logistics Poland, about barriers raised to freight traffic among EU member states. Even though the free movement of goods and labour should be guaranteed by the EU Single Market, there are still plenty of obstacles to that freedom. Those include the proposed Mobility Package I, a protectionist measure that discriminates Eastern from Western Europeans and goes against the EU’s green ambitions.
37 minutes | 9 months ago
Episode 25: The necessary steps in International Trade and the Single Market with Anna Stellinger
Fredrik Erixon talks to Anna Stellinger, the Deputy Director General at the Confederation of Swedish Enterprise responsible for International and EU Affairs. They discuss trade and border issues European businesses have come across during this pandemic – what has and has not worked in the EU Single Market? What are the necessary actions to be taken in the Single Market, not only to mitigate the Corona crisis but also to face the future and foster economic recovery?
53 minutes | 9 months ago
Episode 24: The virus and the World with Johan Norberg
In this episode, Fredrik Erixon talks to Johan Norberg, a leading advocate of globalization and author of Progress: Ten Reasons to Look Forward to the Future. His latest book, which has only been released in Swedish, is called the Virus and the World and it explores the consequences of the Coronavirus pandemic to world order. Has the virus killed globalization and personal freedom? How can nations deal with the uncertainty that surrounds the virus and the future? Johan Norberg is set to release a new book Open – The Story of Human Progress in September of 2020.
28 minutes | 9 months ago
Episode 23: Why Special Taxes on Digital Services Hurt Everyone with Matthias Bauer
In recent years, policy-makers in Europe have argued in favour of creating a new corporate tax for digital companies. They claim that digital companies (like Google, Apple, Facebook and Amazon) do not pay a fair share of taxes under the current system. In this episode, Fredrik Erixon talks to Matthias Bauer, Senior Economist at ECIPE, about these proposals. They explore their history, where they are being enacted, how they have been based in fallacious arguments and the negative consequences they will bring.
44 minutes | 10 months ago
Episode 22: Why is Europe’s Centre-right dying? with Dalibor Rohac
Fredrik Erixon talks to Dalibor Rohac, a resident scholar at the American Enterprise Institute and the author of In Defense of Globalism, about the crisis in the centre-right in Europe. In a recent Op-ed, Dalibor wrote about his recent experience in the parliamentary elections in Slovakia and how they reflect the shrinking space for “those who want to preserve and defend globalization and Western alliances, without buying wholesale into the left’s agenda” in Europe. What is behind that shrinking space and will become of European politics?
49 minutes | 10 months ago
Episode 21: Protectionism before, during, and after the Coronavirus Pandemic with Simon Evenett
A recently published report by the Global Trade Alert warns to a sharp rise in barriers to exporting medical supplies needed to counteract the spread of coronavirus. These barriers are putting countless lives at risk. In this episode, Fredrik Erixon talks to Simon Evenett, the author of this report and the Coordinator of the Global Trade Alert, about the positive role open trade could have in fighting this pandemic and on the economic fallout in the future. They also discuss trends in protectionism in the past few years and its economic impacts on the world to date.
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