Project blog


Dousing the Sovereignty Wildfire

2nd September 2019
Jean Pisani-Ferry

In time, the current spat between French President Emmanuel Macron and his Brazilian counterpart Jair Bolsonaro regarding the Amazon rainforest may become a mere footnote. But other rows between collective and national interests are sure to erupt, and the world needs to find a way to manage them. Read more…


How long is the head table? An empirical assessment of concentration in global collective action

19th July 2019
Jean Pisani-Ferry and Jan Mazza (Bruegel)

It is therefore important, as part of an effort to evaluate impediments and incentives to global collective action, to assess the degree of concentration that characterises key international cooperation fields. In this note we provide such an assessment for eight fields corresponding to major channels of interdependence. Read more…


Farewell, Flat World

1st July 2019
Jean Pisani-Ferry

The single most important economic development of the last 50 years has been the catch-up in income of a large cohort of poor countries. But that world is gone: in an increasingly digitalized global economy, value creation and appropriation concentrate in the innovation centers and where intangible investments are made. Read more…


“America will wake up” – Jean Pisani-Ferry interviewed on Die Zeit

17 April 2019
Jean Pisani-Ferry

Jean-Pisani Ferry was interviewed by Thomas Fischermann for Die Zeit on globalisation and international collective action in the age of Trump and Xi. The interview was published on 17th April 2019. Read more…


Europe and the New Imperialism

1st April 2019
George Papaconstantinou

For decades, Europe has served as a steward of the post-war liberal order, ensuring that economic rules are enforced and that national ambitions are subordinated to shared goals within multilateral bodies. But with the United States and China increasingly mixing economics with nationalist foreign-policy agendas, Europe will have to adapt. Read more…


A Very Greek Brexit?

14th February 2019
George Papaconstantinou

Unlike the United Kingdom, Greece is one of the European Union’s smaller economies, notorious for its weak institutions and economy, and a net recipient of EU funds. And yet the Grexit near-exit from the EU in 2015 offers important lessons for the final stage of Brexit negotiations. Read more…


The Great Macro Divergence

30th November 2018
Jean Pisani-Ferry

Ten years ago, nearly all advanced economies fell off the cliff simultaneously. Nowadays, they are neither structurally nor cyclically aligned, and they are unevenly vulnerable to recession, which makes international policy coordination both more necessary and more difficult. Read more…


The Global Economy’s Three Games

26th October 2018
Jean Pisani-Ferry

Three major players – the United States, China, and a loose coalition formed by the other members of the G7 – are shaping the future of the international economic and geopolitical order. And they are all engaged in three contests simultaneously, without knowing which one is the most important. Read more…


Report on the mission to New York and Washington DC

16th October 2018
George Papaconstantinou

Together with Jean Pisani-Ferry, I visited New York and Washington DC during the week starting 17th September to present and discuss the Transformation of Global Governance project of the European University Institute with policy-makers, think tanks and academics. Read more…


Can Multilateralism Adapt?

29th June 2018
Jean Pisani-Ferry

Global governance requires rules, because flexibility and goodwill alone cannot tackle the hardest shared problems. With multilateralism under attack, the narrow path ahead is to determine, on a case-by-case basis, the minimum requirements of effective collective action, and to forge agreement on reforms that fulfill these conditions. Read more…