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Sustainability

Found documents: 35
Gianmarco Ottaviano

Public Goods Need Europe

There are at least three wrong ideas that need to be cleared up to begin a constructive debate on the role of the European Union at this point in history. The first is that the important decisions in the EU are made in Brussels without any involvement of the Member States. The second is that the decisions made in Brussels have no democratic basis since they are made by bureaucrats not elected by the ...

Donato Masciandaro

Illegal Capital Flows, Europe's Holes

The case of Danske Bank, the largest bank in Denmark, was the sixth time in just a few months that a bank belonging to a Member State of the European Union was implicated in the laundering of dirty money: Estonia, Germany, Holland, Latvia, Lithuania, and Malta, strictly in alphabetical order. And that’s not all: in January, the European Commission issued its first recommendation on the so-called ...

Stefano Caselli

Capital Markets A Key Asset for Growth

The coming months will be crucial for thinking about how to shape the European Single Market and how to make the European Union competitive with other economies. The values at stake, compared to the size of the United States on the one hand and China on the other, would be enough to justify the reasons for accelerating the path of political integration. This would enable the economic systems of the ...

Francesco Billari

Building the Future with Demography

Think future, build future. The strategies of companies, institutions, and corporations are based on approaches that project today onto tomorrow. Among these, one approach remains underutilized: the analysis of change through the lens of demography. Although demographic change may seem slow and almost imperceptible, this very phenomenon is one of the most powerful forces shaping our economic, social, ...

Donato Masciandaro

Artificial Intelligence, Stock Markets, and “Newton's Lesson”

Stock markets are in good health, but AI-related stocks are performing even better: within the generally positive trend of stock prices, the performance of companies associated with so-called artificial intelligence stands out. It is undeniable that the applications of technologies for the production and distribution of information and knowledge, summarized under the term "artificial intelligence," ...

Gianmarco Ottaviano

Western Sanctions and Russia's Resilience: A Dead End?

According to the Russian Statistical Office, 2023 saw the gross domestic product grow by 3.6%, outpacing the average global economic growth. While data from Moscow should be evaluated cautiously, even the IMF revised its estimate to 3%, suggesting that Russia's economy has indeed grown faster than the global average. The oil and gas industry has been at the forefront of supporting Moscow's economic ...

Stefano Pogutz, Francesco Perrini, Jan Hans Georg Pachner, Rafael Sardà, Federico Fumagalli

Protecting the Ocean for a Sustainable Planet

The health of the ocean is in critical condition, and it is deteriorating at a rate and in ways scientists say are unprecedented in the history of our planet. Huge amounts of plastics and chemicals are dumped into the environment every year in all parts of the world. Overexploitation of fish stocks has pushed fisheries of several species beyond the threshold of sustainability, with serious implications ...

Gianmarco Ottaviano

Marine and Submarine Routes: the Red Sea and the Future of Global Trade

We tend to think of the global market as a seamless large bazaar where goods from all over the world flow with ease. In reality, it consists of countless bazaars of all sizes, connected by a circular flow of goods. The most important connections are maritime, and they are quite few. For this reason, the attacks on ships off the coast of Yemen raise concerns that may seem exaggerated, considering that ...

Daniele Dotto

Bringing Innovation to EU Public Administrations

The communication “Enhancing the European Administrative Space,” also known as “ComPAct,”[1] was adopted by the European Commission on October 25, 2023. It is innovative in that, for the first time, the Commission proposes a comprehensive set of actions in support of administrative modernization and cooperation in and between Member States at all levels (national, regional and local). The ...

Donato Masciandaro

European Capital Markets: The Lost Decade and Draghi’s Wake-Up Call

European stock markets are thriving, but this is not necessarily a sign of a broader positive trend. In fact, if politicians and bureaucrats fail to act, the Union could lose the historic opportunity to create the European capital market it so desperately needs, especially in light of the challenges posed by the "Three Ds"—deglobalization, demographics with declining birth rates, and decarbonization. ...

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