NGEU -, zeigen sich Defizite in der demokratischen Legitimation der EU-Krisengovernance. Der bei allen drei … Kriseninstrumenten genutzte 'Notstandsartikel' 122 AEUV schließt eine Beteiligung des Europäischen Parlaments weitgehend aus. Da NGEU mit … Mehrheitsentscheidungen bei der Impfstoffbeschaffung und SURE sehr schnelle Entscheidungen, nicht aber bei NGEU. Dieser eignet sich daher …

and the recovery fund NGEU - reveals deficits in the democratic legitimacy of the EU's crisis governance. The "emergency … Parliament. As NGEU was linked to the EU's Multiannual Financial Framework, the EP was involved but politically marginalised by … voting allowed for very quick decisions to be made regarding vaccine procurement and SURE, but not NGEU. The model of NGEU …

This paper analyses the integration of China and India into the global economy. To this end, it presents estimates from … China’s trade intensity is higher than fundamentals would suggest, whereas the converse is true for India. Second, Chinese …, China’s exports of services tend to complement its exports of goods, while India’s exports are growing only in deregulated …

This paper deals with two related issues: the sustainability of China’s exchange rate regime and the opening up of its … to avoid disruptive capital flows. The paper discusses China’s twin surpluses of the current and capital accounts and … the outlook for Chinese capital flows should barriers to capital movements be lifted. It argues that whether China …

China is taking a more active role on the world stage, even more so since its rapid and strong recovery from the global … China and abroad. This paper evaluates the current market infrastructure, including the legal and regulatory framework, for … securities trading, clearing and settlement in mainland China, and analyses the policy-making in this field. The paper finds that …

In this paper we provide an overview of the growth model in China and its prospects, taking a medium-run to long …-run perspective. Our main conclusions are as follows. First, the still prevailing producer-biased model of managed capitalism in China …-)escalate once global and domestic economic conditions normalise. Third, the fundamental factors underpinning growth in China are …

and China in the Persian Gulf region, in particular in view of US (mis)handling of local conflicts and China's expanding … power vacuum and opportunity for China to edge in. China has expanding economic involvement in the Gulf and has overtaken … the US as the biggest importer of oil from the GCC. With expanding trade, investment and contract work in the Gulf, China …

China is a rising global power with a growing role and impact on the world's energy markets as well as on the Earth …'s climate system. China pursues its development in an essentially non-confrontational manner, a vision encapsulated by the … notion of peaceful rise which is viewed positively in the world's major capitals. Nevertheless, China's rapid growth …

Jean Pisani-Ferry discusses the emergence of China as a key economic and global player from a European perspective …-quality dialogue between policymakers from both sides. China and the European Union must overcome their institutional differences to …