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Growth

Towards a sustainable European forest-based bioeconomy

Original Language: 
Date of Editorial Board meeting: 
Publication date: 
Wednesday, December 20, 2017
Abstract in English: 
This science-based study provides a synthesis of existing knowledge for policymakers on the prospects for a sustainable, inclusive forest-based bioeconomy in Europe, including:
• The importance of forests and the forest-based sector in contributing to a European bioeconomy;
• The assessment of a forest-based bioeconomy in view of innovation and economic, social and environmental sustainability;
• Future issues that may affect the development of a forest-based bioeconomy.
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162
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AidForTrade at a Glance 2017

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Date of Editorial Board meeting: 
Publication date: 
Tuesday, July 11, 2017
Abstract in English: 
This is the sixth edition of the Aid for Trade at a Glance publication. Since 2007, successive editions of this flagship publication have shed light on the steps being taken by developing country governments and their development partners to leverage trade for development. The 2017 edition adds further weight to the already substantial body of evidence highlighting the effectiveness of aid for trade. It focuses on how and why trade connectivity is critical for inclusiveness, sustainable growth and poverty reduction. It is intended to inform both practice and policy regarding aid for trade’s contribution to the 2030 Agenda for Sustainable Development.
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553
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Global Economic Prospects: The Turning of the Tide?

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Date of Editorial Board meeting: 
Publication date: 
Tuesday, June 5, 2018
Abstract in English: 
Global growth has eased but remains robust, although with downside risks. The possibility of financial market stress, escalating trade protectionism and heightened geopolitical tensions continue to cloud the outlook.
Financial market stress could arise as a result of escalating investor concerns about the creditworthiness of some emerging market and developing economies or as a byproduct of faster-than-expected normalization of monetary policy in advanced economies. Countries with elevated corporate debt, wide current account or fiscal deficits, or weak growth prospects would be vulnerable to jumps in global financing costs. In commodity-exporting economies, in particular, the expected slowdown in commodity demand growth from major emerging markets weighs on long-term growth outcomes.
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184
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Regional Economic Outlook: Managing the Upswing in Uncertain Times

Date of Editorial Board meeting: 
Publication date: 
Tuesday, May 15, 2018
Abstract in English: 
This paper describes the current and future economic situation in Europe: While Europe has enjoyed a strong recovery, medium-term perspectives are less exciting, hence the necessity for European government to use this window of opportunity to improve their fiscal policy and implement reforms aimed at transforming the short-term recovery into a long-term one. The recovery is also a great occasion for European Countries to strengthen their economic and monetary ties, and therefore deepen the Economic and Monetary Union.
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108
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Opportunity for all: promoting growth and inclusiveness in the Middle-East and North Africa

Date of Editorial Board meeting: 
Publication date: 
Thursday, July 12, 2018
Abstract in English: 
The inclusive growth and job creation agenda has moved to the forefront of national dialogues in Middle-East and North African countries in recent years. Yet much work remains as countries move toward implementation of pro-inclusive growth policies that will be critical to the economic success of the region.
This paper seeks to pave the way for further operationalizing the inclusive growth agenda by exploring the key issues the MENA region faces in its efforts to promote inclusive growth. Given that many reforms are already underway in the region and the intention of the paper is to chart a future course for policies to enhance inclusive growth, the paper intentionally emphasizes the key areas where faster and deeper progress is needed. It also underscores the need for policies to be tailored to country-specific circumstances since “one size” cannot fit all, especially in a region as diverse as MENA.
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123
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Towards a more resilient euro area

Date of Editorial Board meeting: 
Publication date: 
Monday, June 18, 2018
Abstract in English: 
This volume gathers the contribution made by different experts in the "Future Europe" forum on how to strengthen the economic and monetary Union. These are personal-and diverging-opinions from the different contributors dealing with a broad range of topics such as monetary policy, fiscal policy, systemic risk management, risk sharing and sovereign debt management etc. suggesting different ways and means to solve the current eurozone's problems and difficulties.
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122
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The Future of the Economic and Monetary Union

Date of Editorial Board meeting: 
Publication date: 
Friday, June 15, 2018
Abstract in English: 
While there is general agreement within the euro zone that further reform is needed, there is however disagreement as to which measures should be implemented. In a nutshell, member states disagree over the balance between risk sharing and risk reduction. Risk reduction proponents place the emphasis on crisis prevention, while those who emphasise risk sharing focus on crisis mitigation. This book represents a concerted effort by four prominent scholars from France, Germany, Italy and the Netherlands to summarise the discussion in those countries and analyse in which areas the member states may find common ground to press ahead with reforms. The authors have been asked to provide a background to how the euro has been perceived in their respective countries and identify which EMU reforms would be acceptable in the short- to medium-term perspective.
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Number of pages: 
90
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The Cost of Non-Europe, Revisited

Date of Editorial Board meeting: 
Publication date: 
Sunday, April 15, 2018
Abstract in English: 
In this paper we quantify the "Cost of Non-Europe", i.e. the trade-related welfare gains each country member has reaped from the European Union. Thirty years after the terminology of Non-Europe was used to give estimates of the gains from further integration, we use modern versions of the gravity model to estimate the trade creation implied by the EU, and apply those to counterfactual exercises where for instance the EU returns to a "normal'', shallow-type regional agreement, or reverts to WTO rules. Those scenarios are envisioned with or without the exit of the United Kingdom from the EU (Brexit) happening, which points to interesting cross-country differences and potential cascade effects in doing and undoing of trade agreements.
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50
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Productivity and Jobs in a Globalised World

Date of Editorial Board meeting: 
Publication date: 
Thursday, April 26, 2018
Abstract in English: 
This report looks at how regional policies can support productivity growth and jobs. While there has been a remarkable decline in inequality in OECD countries, inequality among regions within certain countries has increased over the same time period. Regions that narrowed productivity gaps tended to benefit from economically vibrant tradable sectors and integration with well-functioning cities. This report considers in detail the role of the tradable sector as a driver of productivity growth and its relationship with employment. It addresses the possible risks of a growing tradable sector and how diversification is central to strengthening regional economic resilience. It considers how regions integrate global value chains and highlights the role of regional and policy links in fostering productivity growth and job creation. It asks what policies can help better anticipate or cushion shocks from trade in specific regions and, more generally, what strategies and framework conditions are conducive for regional productivity and employment growth.
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Number of pages: 
188
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The future of industry in Europe

Date of Editorial Board meeting: 
Publication date: 
Wednesday, April 19, 2017
Abstract in English: 
This study analyses the key challenges for Local and Regional Authorities (LRAs) in developing a long-term, structured industrial policy, with a global view. The policy should promote structural change and raise the industrial contribution to GDP to the 20% target set by the European Commission (EC) in December 2014.
New means of production incorporate a mix of processes located in both highcost and low-cost countries and are based on a wide range of factors enabled by technological developments. Significant changes in consumption are increasingly driven by individual needs which are more sensitive to social and environmental aspects. Together these require a more flexible, hybrid and servitisation-oriented industrial paradigm.
The way LRAs can guide this shift strictly depends on their ability to combine strengths in traditional sectors with innovative trajectories of industrial development in dynamic new sectors. Faced with a growing complexity of industrial challenges, LRAs are called on to design and implement a systemic industrial policy coordinated with national and EU level policies, pulled by vision and pushed by competition.
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143
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