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Our World in 2011

Blog entry | January 2, 2011 - 12:00am

WASHINGTON, DC – One of the best-kept economic secrets was strongly reconfirmed in 2010: most countries, intentionally or not, pursue an industrial policy in one form or other. This is true not only of China, Singapore, France, and Brazil – countries usually associated with such policies – but also for the United Kingdom,...

Blog entry | January 2, 2011 - 12:00am
BRUSSELS – 2011 will be an extremely important year for the Single Market. The draft proposal for a Single Market Act, now in the consultation phase, will be approved by Prime Ministers in March at the Annual Economic Summit. 2011 will put the revitalisation and reappraisal of the Single Market at the centre stage, as the measures in...
Blog entry | January 2, 2011 - 12:00am

Brussels - Energy is the heart of our economy and our society. If we invest in our energy system, we are investing in the future. If, however, we neglect our energy supply and energy efficiency, the consequences could be profound and irreversible. In this respect, our plans regarding energy technology and infrastructure are crucial. 

Blog entry | January 2, 2011 - 12:00am

NEW YORK – Baruch Spinoza, the seventeenth-century Dutch philosopher, Benjamin Disraeli, the nineteenth-century British prime minister, and Nicolas Sarkozy, the twenty-first century French president, have one thing in common: all were sons of immigrants. People have migrated to other countries for thousands of years – to escape,...

Blog entry | January 2, 2011 - 12:00am

 

WASHINGTON, DC – Over the last quarter-century, the global economy enjoyed a remarkable stretch of stable growth and low inflation. The so-called “Great Moderation” lulled many policymakers into a false sense of security about their ability to manage the economy and deal with financial crises. But, as the...
Blog entry | January 2, 2011 - 12:00am

 

NEW YORK – For nearly a decade, American foreign policy has been dominated by the wars in Iraq and Afghanistan. As 2011 begins, with 50,000 US soldiers still in Iraq and another 100,000 in Afghanistan, it may not look like that era is coming to an end. But it is.
Blog entry | January 2, 2011 - 12:00am

Brussels - “The remembrance of things past is not necessarily the remembrance of things as they were.”  Marcel Proust. It is raining.  There is no bugler.  The names of the fallen of two world wars are read out by the Anglican woman Priest in Charge.  The Roman Catholic Church has re-timed its service so that...

Blog entry | January 2, 2011 - 12:00am

BRUSSELS – In these times of economic crisis, austerity has become the latest buzzword. National governments seem to be focused on cutbacks and savings above all else, and they expect Europe to follow suit. In turn, austerity measures have given rise to public unrest in many countries – from Greece to the UK, from Ireland to Spain...

Blog entry | January 2, 2011 - 12:00am

BRUSSELS – The financial crisis that began in 2007 had its roots in excesses in the housing market that remained unresolved in 2010 – and that will continue to roil economies in 2011 and beyond. Everybody now knows about America’s dodgy “sub-prime” mortgages (the term says it all). But it is all too easy to...

Blog entry | January 2, 2011 - 12:00am

SANTIAGO – Chile celebrated 200 years of independence in 2010. Only 20 of the 198 countries on Earth have reached that age. Therefore, it has been, for Chileans, a time of assessment and of asking ourselves a very simple, yet profound, question: have we done things right or wrong?

Blog entry | January 2, 2011 - 12:00am

Brussels - Many of the challenges that the European Union has faced in 2010 will continue to dominate over the coming year. This is clearly the case for Europe's economic and fiscal situation, but also the nationalisation of European politics and concerns about basic rights, as Europe's governments lurch more to the right.