From industrial globalisation to a globalisation of services?
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The lockdowns implemented to limit the spread of the pandemic have disrupted companies’ supply chains, pushing them to examine the risks linked to the globalisation of industry. But this crisis will also have lasting effects on how companies function (notably the use of teleworking), which could encourage an increased globalization of services. Most services have long been considered as unchangeable, as they required physical proximity between businesses and their customers. International trade in services was therefore almost exclusively composed of activities based on geographical distance (transport of goods or people, tourism). But the development of new communication tools, especially the internet, has reduced this natural barrier for many activities. The current mobility crisis could accelerate this change in many sectors and countries.
Bruno BERTHON, Senior Managing Director Accenture Strategy, Accenture
Xavier DURAND, CEO, Coface
Isabelle MEJEAN, Professor at the Ecole Polytechnique, researcher at CREST and member of the Conseil d'Analyse Economique, Universitaire Prize for the best young economist
Corinne VADCAR, Senior Trade Analyst, Chambre de commerce et d'industrie d'Ile-de-France
The marriage between the state and the economy in Europe: for better or for worse?
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Governments and the European Union implemented a range of measures to help European businesses and households face the economic consequences of COVID-19: guaranteed loans, furloughs, tax & social charge deferrals, targeted aids for struggling strategic sectors and companies... Will this support continue in 2021? What needs do they address? Do they mark a return of the centralized strategic/planning state? How should national governments and the EU share out their roles? What are their short- and medium-term effects on companies? Will their increased indebtedness limit their future growth? Will these public interventions accelerate the "Japanization" of European economies? Or will they allow new regional champions to emerge?
Maya ATIG, CEO, Fédération Bancaire Française et Association Française des Banques
Prof. HUTHER, economist, director of the Institute, The Institut der deutschen Wirtschaft
Enrico LETTA, Dean, Sciences Po Paris’ School of International Affairs
Sylvain OREBI, CEO, Kusmi Tea
Pablo de RAMON-LACA, Director General of the Treasury and Financial Policy, General Secretariat of the Treasury and International Finance, Ministry of Economic Affairs and Digital Transformation, Spain
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