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1. Global Dynamics in a Year of Domestic Contestations and Political Shifts

Author:
Karim El Aynaoui, Paola Magri, Samir Saran, Harsh V. Pant, and Vivek Mishra
Publication Date:
12-2024
Content Type:
Special Report
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
2024 marked the largest election year in history, with millions of people across the world going to the polls to elect their representatives and leaders. However, in the Global North, Donald Trump’s decisive election victory in the United States threatens to undermine multilateral governance structures that are already under strain. In the Global South, emerging economies from the expanded BRICS group and beyond strive to speak with a single voice, and their actions continue to be shaped by national dynamics. How will domestic shifts impact international collaboration across the globe? Will we experience new trade wars? Will efforts to tackle climate change slow down? And how to restore hope and support a newfound impetus in multilateral governance? Seeking to answer these questions, the Italian Institute for International Political Studies (ISPI), the Observer Research Foundation (ORF) in India and the Policy Center for the New South (PCNS) in Morocco, are delighted to announce the launch of the 2nd Annual Trends Report, involving experts from the three think tanks.
Topic:
Security, Climate Change, Development, Science and Technology, Governance, Economy, Global South, Multilateralism, Donald Trump, Energy, Geoeconomics, and Digital Transition
Political Geography:
Middle East and North Africa

2. The Comeback of Industrial Policy. The Next Geopolitical Great Game

Author:
Alessandro Gili, Davide Tentori, and Paola Magri
Publication Date:
12-2023
Content Type:
Special Report
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
Industrial policies are the key element underlying today’s geopolitical scramble and a pillar of national security. Reacting to Western weaknesses and bottlenecks in the global supply chains, highlighted by multiple shocks such as the pandemic, the war in Ukraine, and the recent Israel-Hamas war, the US in first place and the EU later have started to introduce new industrial legislation aimed at making up for lost ground with respect to other industrial powerhouses, such as China. Besides being policy tools to accelerate the green and digital transitions, however, the US Inflation Reduction Act and the Net Zero Industry Act, as well as the US and the EU Chips Acts, entail subsidies, local content requirements and export controls targeted at strengthening the domestic industrial base for critical technologies, fostering strategic autonomy and de-risking from excessive foreign dependencies. This race poses risks for the weaponisation of industrial policies and fragmentation of international trade and also potentially jeopardises technological development. How can we strike a balance between economic security and efficiency? Which sectors are the most critical and which ones are the leading global powers pursuing? What will the consequences be for global value chains and international trade? Is it possible to reach an agreement on rules for a new level playing field to prevent economic competition turning into economic warfare?
Topic:
Development, Industrial Policy, National Security, Science and Technology, European Union, Geopolitics, Trade, and Supply Chains
Political Geography:
China, Europe, and United States of America

3. China After Covid-19: Economic Revival and Challenges to the World

Author:
Alessia Amighini, Yukon Huang, Tyson Barker, Eduardo Missoni, Giulia Sciorati, Haihong Gao, Elisa Sales, Maximilian Kärnfelt, and Paola Magri
Publication Date:
06-2021
Content Type:
Special Report
Institution:
Italian Institute for International Political Studies (ISPI)
Abstract:
The coronavirus pandemic that has rocked China since December 2019 has posed a gruelling test for the resilience of the country’s national economy. Now, as China emerges from its Covid-induced "recession", it feels like the worst is behind it. How did China manage to come out almost unscathed from the worst crisis in over a century? This Report examines how China designed and implemented its post-Covid recovery strategy, focussing on both the internal and external challenges the country had to face over the short- and medium-run. The book offers a comprehensive argument suggesting that, despite China having lost economic and political capital during the crisis, Beijing seems to have been strengthened by the “pandemic test”, thus becoming an even more challenging “partner, competitor and rival” for Western countries.
Topic:
Politics, Science and Technology, Economy, Resilience, and COVID-19
Political Geography:
China, Europe, and Asia