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The ongoing structural transformation and the rapid spread of the technologies of the fourth industrial revolution are challenging current democratic institutions and their established forms of governance and regulation. At the same time, these changes offer vast opportunities to enhance, strengthen and expand the existing democratic framework to reflect a more complex and interdependent world. This process has already begun in many democratic societies but further progress is needed. Examining these ...

After a delayed response to the outbreak of the novel coronavirus in late 2019, China has expanded its sophisticated digital surveillance systems to the health sector, linking security and health. It has apparently successfully contained the virus, while most other countries still face an uphill battle with Covid-19. China emerged first from lockdown, and its economy rapidly entered a V-shaped recovery. As in 2008, China is driving the global recovery and will derive strategic gains from this role ...

This note provides an overview of the Economic Dialogues with the President of the Eurogroup held in the competent Committee of the European Parliament during the 8th legislative term. It provides a summary of the issues raised during the nine dialogues that took place between autumn 2014 and spring 2019, and presents the main topic discussed at each dialogue.

This study analyses the Eastern Partnership (EaP) in the year of its 10th anniversary. The Eastern Partnership was set up in 2009 as a joint policy initiative aiming at deepening and strengthening relations between the European Union, its Member States and the six EaP countries of Belarus, Ukraine, Moldova, Georgia, Armenia and Azerbaijan. While each of these countries shares a past in the former Soviet Union, they have developed over time in different directions. Ukraine, Moldova and Georgia have ...

Regional economic and political leader, G20 member, and elected to a United Nations Security Council seat in 2019 for the third time since the end of apartheid, South Africa is a strategic EU partner. Recognised as one of only two full democracies on its continent in the 2018 Democracy Index, South Africa nevertheless faces considerable problems, affecting both the economy and a fragile social fabric still affected by its apartheid history. The governing party's election success comes as no surprise ...

O presente documento provém de um estudo que congrega o trabalho em curso referente a um projeto de longo prazo que visa identificar e analisar o «custo da não-Europa» em alguns domínios políticos. Este conceito, aplicado pela primeira vez pelo Parlamento Europeu na década de 1980, é aqui utilizado para quantificar os potenciais ganhos de eficiência na atual economia europeia através do acompanhamento de uma série de iniciativas políticas recentemente preconizadas pelo Parlamento — desde um mercado ...

The EU and its Member States have reshaped their external policies, including development cooperation, to place more focus on migration-related issues. Widely used in this context, political rhetoric on 'addressing root causes of migration' has been questioned by academics as creating unrealistic expectations. Indeed, a positive correlation between migration and narrowly understood economic development persists until countries reach middle-income country level. However, several key drivers of migration ...

The study investigates the effects of Cohesion Policy (CP) which occur in a country other than the one in which CP resources were actually spent. The study estimates that macroeconomic spillovers significantly contribute to the impact of CP. Spillovers directed to EU countries represent around 9% of the total annual CP expenditure. Other spillovers to Non-EU countries are around 8% of the CP expenditure. Macro and micro spillovers together arrive at the 21% of the annual CP expenditure 67% of which ...

Past reforms of the Stability and Growth Pact (SGP) have improved its economic rationale, but this progress has come at the expense of simplicity, transparency and, possibly, enforceability. This study surveys and evaluates reform models that could reduce complexity without compromising the SGP’s indispensable flexibility. From a holistic perspective, the greatest potential for simplification will result from a shift of discretionary power to an independent fiscal institution. Independence is a substitute ...

An assessment of the present SGP fiscal rules reveals a significant deterioration in simplicity, undermining their effectiveness. In fact, in both design and process, they have become the most complex worldwide. Three options for future reform are offered to correct this deficiency. Under the first, the structural balance and the debt convergence targets are replaced with a debt-stabilizing or -reducing primary surplus target, while retaining the expenditure benchmark. The second consolidates all ...