In this paper, the author revisits the 1918-20 pandemic and ask whether it led to a reversal in the rise of trade and financial globalisation that preceded it.

The objective of MICROPROD, an EU-wide research project that runs until the end of 2021, is to understand what is driving the current productivity slowdown and what the potential consequences are for Europe's economic model and its citizens’ welfare. This report summarises the main, policy-relevant conclusions of the 20 MICROPROD papers delivered so far.

This paper argues that the evolution of global governance will bring greater input from middle-level powers (such as Australia) and smaller states. It will involve non-state actors to an unprecedented degree. Business, civil society organisations, and private individuals will be crucial to our collective capacity to manage problems such as climate change, pandemics, energy security...

The findings of the report can be used to measure the cost to labour productivity and living standards from the COVID-19 de-globalisation shock, as well as the costs and benefits of post-pandemic policy responses aimed at either decreasing or increasing international connectedness.

Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This report examines whether there is still a path to development through GVCs and trade. It concludes that technological change is at this stage more a boon than a curse.