The New Trilemma of Macroeconomic Policy: Future Policy Responses

This paper is the second in a series examining services-led development and global value chain (GVC) integration in the Global South. It applies a three-category analytical framework covering knowledge services (ICT and professional business services), enabling services (transport, logistics, and finance), and local services (retail, hospitality, health, and personal services), to OECD Trade in Value Added indicators. The paper thus  ...

The commercial and geopolitical interdependence between China and Latin America makes any U.S. claim to promote a "decoupling" between them impractical. Digital technologies and critical minerals will be in the crosshairs of the North American National Security Strategy  ...

Cette chronique a été initialement publiée sur le site lesechos.fr Les économies en développement font face à un double défi : créer des emplois à grande échelle tout en soutenant la productivité. Quels types de services permettent cette convergence ? Les économistes Hinh T. Dinh et Karim El Aynaoui répondent dans la chronique du « Cercle des économistes ».Les services peuvent-ils se substituer à l'industrie manufacturière comme moteur du développement ...

Climate policy is increasingly reshaping the conditions under which firms participate in international markets. As some jurisdictions introduce carbon border adjustments, lifecycle emissions standards, and supply-chain traceability requirements, market access is starting to be made conditional on verifiable characteristics of production processes, such as carbon intensity, embedded emissions, and input sourcing, rather than solely on product characteristics or prices. This paper exa ...