Media
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Europe’s Pharmaceutical Supply Chain – Key Trade Data
In a project, ECIPE has researched the pharmaceutical supply chain of EU27 and this paper presents data on EU pharmaceutical exports and imports for a number of product categories.
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The COVID-19 Symmetric Shock, and Its Asymmetric Consequences
The outbreak of the COVID-19 pandemic is opening a period of policy uncertainties upon all us. The upcoming massive recession presents critical economic and financial variables, a steep rise of jobless claims, fixed-asset investment falling by 45% year on year, capital outflows from emerging markets by $ 83 bl. Buffers and shock absorbers are weak in several emerging and developing countries, and preventing the worst-case scenario, a lengthy L shape recession, the size of the fiscal injection must be equivalent to the fall in the GDP. What can Caribbean countries do to mitigate the full impact of the pandemic tsunami? Jointly to Multilateral Development Banks, Caribbean governments should require core G20 Members to repurpose climate change investment plans, and, abide by their commitments. Lacking these actions, the COVID-19 shock would develop into a demand-driven slump, opening the door to a long stagnation.
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Rethinking Copyrights: The Impact of Copying on Cultural Creativity and Diversity
Chapter published in Creative Economy by Springer, April 2020
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Digital Technologies, Services and the Fourth Industrial Revolution
Erik van der Marel contributes to Working Paper that has been prepared as background for a short Policy Brief for the 2020 T20 Taskforce 1: Trade and Investment
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Digital Innovation in East Asia: Do Restrictive Data Policies Matter?
Erik van der Marel and Martina Ferracane publish a World Bank Policy Research Working Paper using the DTRI and assess its impact on digital innovation.
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Are Services Sick? How Going Digital Can Cure Services Performance
Services make up the lion share of modern developed economies. But their productivity developments have often been lagging. In this study, we investigate first whether increased digitalisation can actually improve productivity developments in the services sector and conclude that indeed it has strong effects. In a second step, we look into the factors driving digitalisation in the services sector. As a rule, the more competitive a sector is, the more likely it is to adopt digital technologies to improve its productivity.
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Exploring international data governance
The digital economy is facing two divergent trends. Information is moving across borders at record volumes, yet domestic restrictions on these flows are also on the rise. Privacy, security, law enforcement access, among others, are all important policy concerns that governments today seek to protect. Restrictive data policies, however, may not be the optimal solution. This paper provides insights, developed through expert inputs, on domestic good practices as well as trade policy tools that can help balance facilitating cross-border data flows while protecting other goals. A key step will involve building confidence between nations that allowing data to flow abroad will not subvert other policy priorities.
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Should Unfairness be Maintained in Corporate Taxation? The Disguise of the Tax Incidence in EU and OECD Corporate Tax Planning
This study is meant to address the failure of governments and international institutions (e.g. the EU, OECD and IMF) to account for the distributional consequences of tax policies. The focus of this study is on the “incidence” of corporate taxes, i.e. the financial burden corporate taxes cause for individual citizens in their capacity as workers, consumers, entrepreneurs and investors.
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NGO Lobbying on Trade and Investment: Accountability and Transparency at the EU Level
Matthias Bauer writes about Non-governmental organisations (NGOs) impact EU policymaking in trade and investment policy.
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Digital Taxes as Barriers to Trade
Matthias Bauer writes about digital services taxes, which by design discriminate against foreign importers of certain digital services.
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ECIPE submission to USTR Section 301 Investigation of France’s Digital Services Tax
ECIPE's comments address the motivation of the French government underlying its DST law and the extent to which it is unreasonable and discriminatory
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Far-Reaching Consequences of U.S. Financial Sanctions. The Dollar Shortage and the “Triffin Moment”
Miriam L. Campanella discusses the US financial sanctions and the consequences of disconnection from the dollar capital markets in Robert Triffin International