To reverse widening inequality, keep a tight rein on automation The industrialized world, especially the United States, suffered severe economic ills even before the COVID-19 pandemic. Unless we recognize them now, we are unlikely to produce solutions. Chief among these problems is the nature of economic growth, which has become much less shared since the 1980s. Wider inequality in much of the industrialized world; the disappearance of good, high-paying, secure jobs; and the decline in the real wages of less-educated workers...

The Delegation of the European Union to the United States is pleased to announce that it has granted to distinguished partners funding for projects in support of strengthening transatlantic relations. For the next two years, these four grants will promote a broad range of opportunities for Americans and Europeans to engage and deepen their understanding on a range of issues that are of common interest and concern. MEET EU: Making Encounters, Engaging Transatlanticists Coordinated by the University of North Carolina at...

The economic downturn caused by the pandemic has taken a painful toll on small businesses. Scores of retail businesses have permanently closed in cities around the world since the Great Lockdown in the spring of 2020. Small and medium enterprises have an out-sized impact on local economies. They account for half to two-thirds of private sector employment in the United States and the European Union, respectively, and contribute close to 40 percent of national income in emerging economies. But small companies face greater...

Released on March 5, 2021 | “The European Union and the United States today agreed on the mutual suspension for four months of the tariffs related to the World Trade Organization (WTO) Aircraft disputes. The suspension will cover all tariffs both on aircraft as well as on non-aircraft products, and will become effective as soon as the internal procedures on both sides are completed. “This will allow the EU and the US to ease the burden on their industries and workers and...

The Parliament is discussing a carbon levy on imported goods to stop companies moving outside the EU to avoid emissions standards, a practice known as carbon leakage. As European industry struggles to recover from the Covid-19 crisis and the economic pressure due to cheap imports from trading partners, the EU is trying to honour its climate commitments, whilst keeping jobs and production chains at home. Discover how the EU’s recovery plan prioritises creating a sustainable and climate-neutral Europe An EU carbon levy...

March 8, 2021 | Blog post by Christine Lagarde, President of the ECB | As the COVID-19 pandemic took hold across the world, the past year was one of sacrifice. Too many lost their lives, their loved ones. Others fought hard to survive – physically, emotionally and financially. One year into the pandemic, we can clearly see that the social and economic impact of the virus is affecting women particularly hard. Women work disproportionately in the sectors that have been worst...

March 8, 2021 | Keynote Speech by Chief Economist Gita Gopinath at the Inaugural Dr. Hansa Mehta Lecture | Hello everyone. Thank you for your generous introduction, La Neice, and also thank you to the Permanent Mission of India to the United Nations and the United Nations Academic Impact for inviting me to speak at this event today. It is a tremendous honor to deliver the inaugural lecture in memory of Dr. Hansa Mehta – an Indian freedom fighter, an educator, a...