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This paper provides an overview of the relative weight of Europe and East Asia in the context of the world economy and it assesses interdependence between the two regions. The prime motivation of the paper is that linkages between Europe and East Asia remain frequently underestimated. While the...
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Pandemic-related supply disruptions, the energy crisis provoked by Russia's invasion of Ukraine and economic coercion … should identify product-level trade dependencies, mainly on the import side, and reduce them, mainly through diversification … five main implications Import de-risking should focus on a few product categories for which the costs of supply …
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The high point of global governance was reached in the mid-1990s around the creation of the World Trade Organisation. It was hoped that globalisation would be buttressed by a system of global rules and a network of specialised global institutions. Two decades later these hopes have been dashed...
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