The European Union’s automotive sector needs a plan, not undue protection
European automotive policy should prioritise affordable competitiveness over protectionism, using resilience criteria and temporary safeguards. The European automotive industry faces significant challenges: electrification, Chinese competition
Building resilience to global financial shocks in emerging markets
Emerging markets are vulnerable to sudden shifts in investor sentiment, which can lead to pressure on exchange rates and financing conditions. Using panel evidence from
Financing the startup J-curve
High-growth startups often lose money before they make it. This column examines whether differences in financing capacity are reflected in the cash flow and growth
Closing the gap in borrowing costs for emerging market firms
Firms in low- and middle-income countries persistently pay more to borrow than firms in high-income economies. Drawing on a new World Bank Group study of
Competition or collusion: Entry decisions in the Swedish pharmaceutical market
Many countries have adopted different price regulations to contain pharmaceutical prices, even in markets exposed to generic competition. This column documents subtle pricing patterns in
Europe’s regulatory double bind
The European Union’s AI Act – the world’s most ambitious regulatory framework for artificial intelligence to date – was supposed to enter into full effect
Expanding opportunities: Economics PhD placement in the 21st century
Since 2010, a growing proportion of doctoral graduates have been taking jobs outside academia. This column explores where elite early-career economists work, using a dataset
Big investors think it might be time to buy in South Korea
Global investors pulled back from South Korean stocks through a wild turn in July but are keeping faith with the heavyweight chipmakers on the view
A plan for a World Trade Organization sectoral agreement on semiconductors
Trade weaponisation is straining WTO rules, but a semiconductor pact could show how to manage security risks. To promote their economic security, or simply to
SpaceX and AI startup wealth fuels demand for private jets
Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave of tech investors
