Documents new international economic order 35 results

"The probability of a partial or complete break-up of the euro has risen over the last years. Such an event could create a balance sheet problem for economic agents, if the redenomination process introduced significant currency mismatches between the asset and liability sides. We propose a new assessment of this redenomination risk, by country and by main institutional sector, for two scenarios: a single country exit and a complete break-up. Our main conclusion is that, even though the problem has to be taken seriously, its order of magnitude should not be exaggerated. Only a few sectors are at significant risk: public debts of Greece and Portugal, financial sectors of Greece, Ireland and Luxembourg. In particular, the balance sheet exposure of the non-financial private sector to the redenomination risk appears to be limited."

"Can social movements mobilize market devices to challenge the political–economic order? Focusing on Bitcoin, we argue that an effective anti-state market device needs to be durably ‘counterearmarked', to use Viviana Zelizer's term, with radical meaning. This durability, however, requires that the movement build alliances with holders of political and economic power who also embrace the device's radical meaning, lest those actors reformat the device to suit their purposes. To make this case, we locate Bitcoin's radical origins in a performative project built on elements of Austrian monetary theory. We then track Bitcoin's dual transformation between 2009 and 2014: the anti-state movement gave way to a market featuring big financial players, and the Internal Revenue Service officially redefined the bitcoin currency as property. Understanding this dual transformation requires joining Zelizerian conceptions of money with theories of markets-and-movements on the one hand, and symbolic-cultural conceptions of the classificatory state on the other."

"This article analyses the relationship between geopolitics and global economic governance from an international relations perspective, laying stress on the long-term changes that have taken place in the character and dynamics of modern global international society. First, it unpacks what is involved in talk about the ‘the return of geopolitics', arguing that the international political system needs to be understood in its own right and according to its distinctive logics and dynamics, separate from those of modern capitalism. The second section shifts the focus from the modern international to the modern global, arguing that the ‘we' now involved in both geopolitics and global economic governance has changed in fundamental ways and that the diffusion of power and agency and the revolt against Western dominance are far broader than the rise of China. The final section looks at future pathways: the unlikely possibility of the restoration of US hegemony; the case for the primacy of political order over global governance and for refocusing attention on the primary or foundational institutions on which all more elaborate forms of global governance must depend; and the identification of some of the most important institutional pinch-points where geopolitics and global economic governance intersect and need to be managed, including sanctions, security-related trade measures, and industrial strategy."

"In just a few short months, the new government administration in the United States has thrown the world order into disarray. A potential global trade war, new global value chain configurations and shifting security alliances are reshaping geopolitics. Given the current uncertainty, access to developing technologies will be decisive, and technological sovereignty is more important for the European Union than ever before. How can the EU get up-to-speed? What steps can Europe take to ensure its technological sovereignty? How should it go about relations with China and the new Trump Administration with regards to its tech policy? What role does Big Tech play in European security?"

"Der Beitrag befasst sich mit Chinas Integration in die Weltwirtschaft und fragt, welchen Einfluss diese auf die Regulierung der globalen Ökonomie hat. Die Autorin argumentiert mit Fokus auf Chinas neue Rolle in den globalen Handels- und Finanzbeziehungen, dass diese die Spielregeln der Weltwirtschaft bislang nicht radikal verändert hat, sondern von einer Reihe inkrementeller Transformationsprozesse und Konflikten um die Gestalt der Weltwirtschaft begleitet wird. Die Konflikte verdeutlichen Risse im universalen Geltungsanspruch der marktliberalen Ordnung. Auch die Gegenstrategien der Regierungen von USA und EU tragen zu einer Fragmentierung der marktliberalen Weltwirtschaftsordnung bei und fördern eine Entwicklung hin zu einer stärkeren multipolaren Konstellation."

"Long-held economic and political certainties are eroding and the shape of the emerging world order is still vague. This Forum brings together articles that imagine a new world order, one that looks different from the current system shaped by decades of belief in free markets and globalisation. What might a forward-looking industrial policy look like – one that does not just react to crises? What kind of climate policy truly brings people on board? How could globalisation be more inclusive and avoid trade wars or the abuse of power by tech giants? The contributors to this Forum, who took part in the Forum New Economy's 2025 Berlin Summit, continue the dialogue on how to win back the future."