Macroeconomics and regulation

The post-1945 international order, an architecture born of war-weariness and colonial twilight, is now a majestic but empty shell. Its foundational promise—a universal system of rules administered impartially—has been hollowed out by decades of selective enforcement, instrumentalized law, and a chasm between the rhetorical ideals of its custodians and their geopolitical practice. This is not a temporary dysfunction, but a systemic failure of legitimacy. From the invasion of Iraq und ...

Introduction: COP30 as a Test of Reality, Not AmbitionCOP30 in Belém was never going to be a breakthrough. In a world marked by fiscal exhaustion, geopolitical rivalry, and eroding trust in multilateralism, expecting transformational climate cooperation bordered on denial. The choice of the Amazon as host carried symbolic weight, but symbolism does not override power, interests, or institutional capacity.The outcome of COP30 confirms a deeper truth: the global climate regime has ent ...

In response to developing countries’ dissatisfaction with the New Collective Quantified Goal (NCQG) of $300 billion, which was decided at the Twenty-Ninth Conference Of the Parties (COP29) to the United Nations Framework Convention on Climate Change, in 2024 in Baku, Azerbaijan, the COP29 and COP30 presidencies promised to develop a roadmap to achieve $1.3 trillion in external climate finance that developing countries need, and to present it at COP30 in Belém, Brazil[1]. The two pre ...

This policy brief examines what the 2025–2026 period reveals about the future of global energy risk and the energy transition. After the shocks of 2021–2023, 2025 brought broad price easing: oil and coal prices declined as supply growth outpaced demand, and the World Bank projects further declines in the global energy price index in 2026, offering short-term relief for energy-importing economies. The brief argues, however, that the macroeconomic relevance of energy entering 202 ...

La création de l’Alliance des États du Sahel (AES) symbolise une rupture politique et géostratégique majeure, appuyée sur un discours souverainiste et anti-occidental. Deux ans après, Mali, Burkina Faso et Niger peinent à assurer leur intégrité territoriale, à stabiliser leur sécurité intérieure et à bâtir une gouvernance solide. L’intégrité territoriale est un problème commun aux trois États, car dans ces pays, la cohésion de l’État et le contrôle du territoire sont directement men ...

This paper presents the theoretical specification and current developments of a Spatial (Interprovincial) Computable General Equilibrium (SCGE) model for Morocco. The model is formulated as a Johansen-type CGE system, solved in linearized form, and is designed to analyze the regional and national impacts of policy shocks within an integrated interregional economic framework. The Moroccan economy is disaggregated into 72 provinces, 20 production sectors, multiple institutional agents ...

L’« uberisation », terme né du nom de l’entreprise américaine Uber au début des années 2010, désigne initialement un modèle économique fondé sur la mise en relation directe entre offre et demande via des plateformes numériques. Rapidement popularisé, le concept s’est élargi, avec Airbnb dans l’hébergement, puis à une multitude d’autres secteurs : livraison de repas, services à domicile, commerce en ligne, voire des métiers traditionnellement régulés ou corporatistes. Ce néologisme t ...

 Global GDP growth has proven resilient in 2025, despite the shocks caused by the trade policies implemented by United States President Donald Trump in the first year after his return to office. The gloomy projections offered by multilateral and private institutions in the first quarter of 2025 have given way to revised levels mostly in the 2.5% to 3% range for the year. ...

This Policy Paper analyses the Fourth Industrial Revolution (4IR) through the critical lens of technological colonialism. It argues that the fusion of physical, digital, and biological technologies is not merely a technical phenomenon but a civilizational shift reshaping the foundations of global power. The article traces a historical continuum from previous industrial revolutions, demonstrating how patterns of inequality and extraction persist, now transposed into the digital realm ...

This report addresses the business environment in Brazil as one of the determinants responsible for the weak evolution of productivity in recent decades. After addressing this productivity performance, we define what constitutes the business environment, using as a reference the three ways in which the World Bank has been addressing the subject.Next, we highlight how the business environment affects productivity in a country. Finally, we review some recent reforms in the country's b ...

La modélisation classique de la croissance repose sur des outils – notamment la fonction de production agrégée et la comptabilité de la croissance – dont les incohérences logiques et les ambiguïtés épistémologiques sont connues depuis la Controverse de Cambridge et les travaux d’Anwar Shaikh. Pourtant, ces failles continuent d’alimenter des raisonnements fallacieux dans le débat économique et les discours institutionnels. Cet article montre que la nature tautologique de ces outils n ...

The meeting between Donald Trump and Xi Jinping in Busan, South Korea, was more than an exercise in diplomacy. It was an emblematic performance of a world in transformation. Behind the formalities, the cameras, and the studied smiles lay an unspoken recognition: the world is no longer unipolar. The era of American supremacy, sustained for decades through its economic reach, military presence, and ideological projection, is giving way to a more diffuse, multipolar reality. ...

Morocco has emerged as one of Africa's success stories, achieving significant progress in economic transformation and the green transition over the past 25 years. Continuing and deepening this transformation is essential to reach the country’s goal of becoming a high-income economy in the coming decades. Significant challenges include managing the risk of the middle-income trap, addressing demographic pressures, promoting inclusive growth, ensuring environmental sustainability, and ...