Global economy

Emissions trading and climate diplomacy between Europe and China

Belgrade Security Forum Op-Ed: Can Democracy Survive Global Disorder?

The question posed by this year’s Belgrade Security Forum is an important one: the pressure on democratic institutions are felt worldwide. Many of these pressures can rightly be described as disorders: Global migration, state collapse in the Middle East and Central Africa, the violent terror of the IS, and climate change are some of these disorders that are challenging to respond to. In worst case they may threaten to undermine our democratic institutions as well.

Leaving the European Union, the Union way : A legal analysis of Article 50 TEU

The outcome of the UK referendum on membership of the EU prompted a considerable interest in the modalities of a state’s withdrawal from the Union. This policy analysis examines the specific provisions governing this process, viz. Article 50 TEU, and its function in the European integration process.

Britisk EØS spor er ikke dødt

Det er for tidlig å avskrive EØS-løsning for Storbritannia. Det kan i så fall bli krevende for Norge, skriver direktør Ulf Sverdrup i DN-kronikk.

Norden og Kina - «Forbrytelse og straff» Forholdet mellom Norge og Kina

EU referendum: the beginning, not the end, of Brexiteers’ problems

On 23 June 2016, Britain voted to leave the European Union. The referendum outcome triggered resignation of Prime Minister David Cameron and his replacement by former Home Secretary Theresa May. This brief enquires into why Cameron lost the referendum battle and what the major challenges facing the new prime minister are. May, who supported the ‘Remain’ campaign, will have to prove that she can deliver Brexit. That will not be an easy task, with obstacles at home and abroad. Scotland and Northern Ire-land voted to remain in the EU, and their reluctance to leave the EU could complicate May’s plans. PM May will also find it difficult to win hearts in Brussels. Britain tested the patience of the EU institutions with its reform demands, and Brussels will be reluctant to make things easier for the UK in Brexit talks. Member-states may be more receptive to Britain’s concerns, but the UK will prob-ably not be offered any special treatment.

China's New Development Bank and Infrastructure-led Growth

In view of China’s recent launch of several new development banks (AIIB, OBOR, NDB) with a central focus on infrastructure, this NUPI Brief takes a look at how China’s infrastructure projects have fared both at home and abroad in the past. It asks the question: Does economic growth, boosted by infrastructure investment, necessarily benefit development? Admitting that infrastructure has played a crucial role in China’s development, as well as contributed to the changes in other developing countries, this brief cautions against several potential economic risks. To be more specific, three issues are highlighted: first, low usage and low profitability; second, debt and broken contracts; third, favouritism towards state-owned companies.