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Economy

Another lost decade? Building a skills system for the economy of the 2030s

Date of Editorial Board meeting: 
Publication date: 
Wednesday, July 12, 2017
Abstract in English: 
The UK economy is set to undergo significant change in the coming years. The impact of rapidly advancing technology, an ageing population and exiting the EU will leave our economy looking very different by 2030. Having an effectively functioning adult skills system will be crucial if we are to manage the impact of these trends, to shape them and to turn them to our advantage. However, there is serious cause for concern that our adult skills system is not fit for purpose today, let alone fit to face the challenges ahead. In this report, we set out an approach to adult skills that would better meet the needs of learners, employers and the economy in the future.
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94
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Building Britain's Future? The construction workforce after Brexit

Date of Editorial Board meeting: 
Publication date: 
Thursday, November 30, 2017
Abstract in English: 
The construction industry is of vital strategic importance to the UK. A healthy construction industry will be essential if we are to build the homes, commercial property and infrastructure that our economy and our country needs. Yet the construction industry faces a grave threat from Brexit. We have identified three significant challenges facing the construction industry: Productivity growth in construction has been stagnant, Construction faces severe and growing skills shortages, Construction has become increasingly reliant on EU migration.
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53
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The Future of the United States and Europe: An Irreplaceable Partnership

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Publication date: 
Wednesday, April 11, 2018
Abstract in English: 
The partnership between the United States and Europe has been an anchor of the world’s economic, political and security order for more than seven decades, but we should not take it for granted. The transatlantic relationship faces many dangers. However, the issues that bring the two sides together ultimately carry much greater weight than those that might divide them.The US and the EU have notably different perceptions and interests, the navigation of which requires nuanced diplomacy. Although each side brings different ideas and experiences to the table, numerous areas of actual and potential collaboration can be identified. The rules-based international order benefits both the US and the EU, and it urgently needs their collaborative support.
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51
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Tomorrow’s Silk Road: Assessing an EU-China Free Trade Agreement – 2nd edition

Date of Editorial Board meeting: 
Publication date: 
Monday, June 25, 2018
Abstract in English: 
In developing its international trade strategy since 2006, the EU has placed a strong emphasis on concluding Free Trade Agreements (FTAs) with dynamic East Asian economies. Until very recently, however, no explicit mention has been made of China – the region’s largest and most dynamic economy – as a possible candidate for an FTA with the EU. This oversight becomes even more glaring if one considers the magnitude of the economic intercourse that already exists today between these two trading partners. China is the logical sequel in the Union’s trade strategy for East Asia. This study attempts to provide a solid analytical basis for negotiations on an EU-China Free Trade Agreement (formally, Free Trade Area treaty). The first official suggestion for such an FTA, made by Chinese President Xi Jin Ping in the spring of 2014, has recently been considered, cautiously and under various conditions, by the EU as well.
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333
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Can India Grow? Challenges, Opportunities, and the Way Forward

Date of Editorial Board meeting: 
Publication date: 
Wednesday, November 16, 2016
Abstract in English: 
Despite India’s impressive economic growth rates in the mid-2000s, the long-term magnitude and sustainability of this progress remains uncertain. India’s rapid population expansion requires that the country sustain long-term growth to enable job creation over time. For the country to achieve this enduring trajectory, India must correctly identify the economic fundamentals behind such growth. This should include both short-term, cyclical barriers and long-term, structural impediments that hold it back. Articulating a set of policy priorities and guiding principles that address these issues is the best way forward for India’s future economic prospects.
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152
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Aftermath of the Arab Spring in North Africa

Date of Editorial Board meeting: 
Publication date: 
Monday, October 31, 2016
Abstract in English: 
At the outset of the political uprisings that began in North Africa in 2010, the four countries of Algeria, Libya, Morocco, and Tunisia faced similar economic and political challenges. Over the past almost six years, the countries have adopted different approaches to address these problems, however the overall economic picture today is grim amid varied political environments. In “Aftermath of the Arab Spring in North Africa,” authors Mohsin Khan and Karim Mezran examine whether these four North African countries have been successful in meetings the demands of their populations as expressed in the 2010-11 uprisings and what challenges remain for them in the future.
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16
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Post-Vienna: Prospects for Iran's Oil Production and Exports

Date of Editorial Board meeting: 
Publication date: 
Friday, January 6, 2017
Abstract in English: 
Since the 1979 revolution, recurring rounds of sanctions and eight years of war with Iraq have hammered Iran’s oil production and export capacity. Despite boasting the fourth largest proven oil reserves in the world, Iran’s oil production and exports languished at 4 million barrels per day (mb/d) and 2.5 mb/d, respectively, in 2011.The entrance of the European Union and United States into an even more stringent sanctions regime in 2012 further crippled an already hamstrung industry. Iran’s crude exports dropped 40 percent to 1.5 mb/d in 2012 and sunk to an average of just 1 mb/d by 2014 as foreign markets closed, international investment evaporated, and supply chains withered.Now, as the Joint Comprehensive Plan of Action nuclear deal ushers Iran back into international energy markets, its oil and gas industry is poised to reach its full potential. The impacts promise to be profound and wide reaching as oil sales provided 80 percent of Iran’s export earnings and 60 percent of its state revenues in 2013. With Iranian oil production and exports already rising following the nuclear deal, this paper examines scenarios for Iran’s full reentry into international oil and gas markets.
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11
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The America First Energy Plan: Renewing the Confidence of American Energy Producers

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Publication date: 
Thursday, August 17, 2017
Abstract in English: 
US energy policy is on the brink of a dramatic shift as President Donald Trump seeks to dismantle the Obama Administration’s environmentally-friendly energy initiatives, remove environmental and climate concerns from US energy policies, and reorient focus on producing low-cost energy and creating American jobs. To achieve the desired increase in domestic fossil fuel production and energy employment, President Trump, his administration, and his allies have promised to implement the America First Energy Plan, intended to reinvigorate the US coal industry, expand domestic fossil fuel production, cut regulations, open federal land for fossil fuel exploration, and reduce federal support for climate and environmental programs.
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12
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Western Options in a Multipolar World

Date of Editorial Board meeting: 
Publication date: 
Monday, November 27, 2017
Abstract in English: 
No one can know the future. China and Russia—who are currently challenging, albeit in different ways, the Western liberal order—face difficulties at home and could become inward-focused and disengaged. Nonetheless, almost thirty years after the end of the Cold War, geopolitics looks like it is poised for another turn of the wheel that may not be as favorable to Western interests.
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12
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3D Printing: Shaping Africa’s Future

Date of Editorial Board meeting: 
Publication date: 
Friday, April 20, 2018
Abstract in English: 
Disruptive technologies—such as the Internet of Things, robotics, and three-dimensional (3D) printing—have been heralded as the future of the global manufacturing sector. However, in Africa, they could hinder industrialization and result in fewer entry points into global supply chains. While it may be possible for African nations to “leapfrog” directly to newer technologies, it is more likely that developing the relevant worker know-how, infrastructure, and corporate capabilities necessary to leverage the potential value of these technologies will be a very gradual process. African policy makers must therefore pursue multipronged strategies to ensure relevance as 3D printing and other disruptive technologies move into the mainstream.
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9
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