EU–Mercosur Agreement: why it is back at the centre of the debate
The free trade agreement between the European Union and Mercosur has returned to the centre of the European political and economic agenda following the approval of EU institutions.
It is one of the most ambitious trade agreements ever negotiated by the European Union…
A conflict that goes beyond economics
The clash between Donald Trump and the Federal Reserve is not only about monetary policy or the level of interest rates in the United States. It has become a political and institutional conflict that calls into question the independence of the U.S. central bank and, more broadly, the balance…
In the Swiss town of Davos, with the opening concert and introductory sessions, the annual edition of the World Economic Forum has just begun, with the participation of around 3,000 delegates from 130 countries, numerous world leaders, heads of state, and top executives. The most eagerly awaited address is that of the President of the…
How artificial intelligence is transforming work
Artificial intelligence (AI) is redefining the traditional concept of work.
This is not the simple replacement of human labour but a profound transformation of the models through which work is created, organized and sustained economically.
Traditional employment is gradually giving way to a system based on autonomous entrepreneurial initiatives.…
An event that redraws the international balance of power
The capture of Nicolás Maduro by the United States represents far more than a turning point in the Venezuelan crisis. It is an event of global political, legal and economic importance, capable of reshaping the international balance of power.
Within a matter of hours, a country…
What is an offshore company
An offshore company is a business registered in a country other than that of the residence of its shareholders. The registered office is located in a specific jurisdiction, while business activities may be carried out in other countries. Despite the negative reputation often fuelled by the media, offshore companies represent…
The Constitution of Innovation By Luis Garicano, Bengt Holmström & Nicolas Petit · Nov 10, 2025
At the end of the Second World War, Europe was a devastated continent and much poorer than the United States. Despite this unfavourable situation, in the following decades it managed to achieve an extraordinary recovery: between the 1950s and…
Physical gold and virtual liquidity: a new paradigm
The world of cryptocurrencies continues to move closer to traditional finance through increasingly structured strategies. A striking example is Tether, a company best known for issuing the USDT stablecoin, which has embarked on a policy of the accumulation of physical gold worthy of a central bank.
Tether…
Economic Growth: An Exception in Human History
For centuries humanity lived in a condition of minimal development, with progress being limited and never long-lasting. Only in the past two centuries has a radically new phenomenon emerged: continuous economic growth, capable of lifting millions of people out of poverty and building the foundations for modern prosperity.…
Introduction: a fragile balance
In recent years, the global economy has seemed to be hanging in a delicate balance. Signs of growth are visible, but they often rest on shaky foundations. Behind the world’s positive GDP figures lies a reality of widening inequalities and increasingly concentrated wealth.
Apparent growth and real inequality
Reports from international…
