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Intereconomics
Taming the Chinese Dragon: A Promising Cornerstone for Transatlantic Trade Cooperation?
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Taming the Chinese Dragon: A Promising Cornerstone for Transatlantic Trade Cooperation?
Simon J. Evenett, University of St. Gallen, Switzerland; and Centre for Economic Policy Research, London, UK.
Even by the standards of politicians, President Trump pursued his international policy goals in a transactional, self-centred and unilateralist manner. His administration represented a clear break with the past: no longer would the United States support multilateralism, nor would it necessarily honour security guarantees, nor would it respect global and regional trade rules. Even if previous administrations had, from time to time, been selective in their support of the liberal world economic order and for democracy, there has never been an American administration that has conducted itself in the manner witnessed over the past four years.
The direction of the taxonomy road was clear at first, “
a European tool for greening the economy”. Although not mandating investments into those meeting its criteria, it would support top performers on sustainability and rate the degree of sustainability for each sector, business, and product.
The road becomes somewhat clearer?
November’s publication (and well-reported leak) of the long-awaited Draft Delegated act on Taxonomy meant the road became somewhat clearer. The intention to integrate Taxonomy into other areas such as State Aid and the Recovery and Resilience Facility. Criteria unfortunately distanced from existing metrics and sustainability requirements. Numerous sectors including bioenergy at risk of unnecessary punitive labelling of perfectly sustainable economic activities.
If the coronavirus pandemic and Europe-wide lockdowns taught us one thing, it is just how
reliant we all are on digital technologies – including for our own health, and that data was in the right place at the right time to answer the right questions.
Nigel Hughes is Scientific Director at Jannsen Research and Development (Johnson & Johnson), a Corporate Knowledge Partner of All Policies for a Healthy Europe.
Digital health can have a transformational impact on the well-being of EU citizens: from telemedicine enabling safe remote treatment of patients, to health data access allowing tracking and treatment of diseases, and Artificial Intelligence enhancing clinical decision-making. In April 2018, a European Commission Communication on the Transformation of Digital Health and Care stated the following: “Digital solutions for health and care can increase the wellbeing of millions of citizens and radically change the way health and care services are delivered to patients, if desi