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[ December 2, 2019 by Team Globsec 0 Comments ]

Policy Outcome: Techno-nationalism: Pursuit to Owning the Future

The past few years have been an indication of the fact that the extent to which a country is powerful and can assert itself or even dominate the international global order seems to be inextricably linked to the country’s abilities to innovate and/or adopt emerging technologies. Two major actors in the theatre of techno-nationalism are the United States and China. The European Union finds itself in a difficult position, being largely dependent on both parties. At this stage, what should be the expectations from the newly formed European Commission to ensure competitiveness of European tech businesses in the increasingly techno-nationalistic framework? Can the EU member-states adopt a unified front to counter the detrimental effects of trade regulations from the US and China? Moreover, what specific measures can governments of Central and Eastern European nations implement to address challenges posed by techno-nationalistic policies? These were the questions the Focus Group addressed.

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[ December 2, 2019 by Team Globsec 0 Comments ]

Policy Outcome: Sustainable Labour Force: Challenges Ahead

Higher longevity and low fertility rates jeopardize the sustainability of welfare systems and particularly of public pension schemes across Europe. There is now widespread recognition, not only amongst policy makers or politicians but also amongst the wider population, that current systems will not be able to ensure enough income for the increasing share of retired population. Nonetheless, most European systems have not adapted to the shifting demographics, with changes consisting mostly of minor increases to the statutory retirement age. These shifts in trends cannot be tackled purely from the welfare systems. Declining labour force participation rates trigger other dynamics beyond the decrease of the taxable population for pension schemes. The Focus Group addressed these issues and provided specific policy recommendations.

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[ December 2, 2019 by Team Globsec 0 Comments ]

Policy Outcome: SMEs – The Future of CEE?

Small and Medium-sized Enterprises (SMEs) account for 99% of entrepreneurial entities in the CEE and employ some 70% of labour in the region. In some respects, SMEs are already “the present” of the economic activity in the CEE, and are recognised as a vehicle driving economic expansion, social development, innovation and poverty reduction mainly due to their capacity to create jobs. The Focus Group discussion recognised this capacity and focused on several key aspects for SME’s performance, key challenges faced by SMEs (especially in the CEE countries) and key policy recommendations.

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[ November 29, 2019 by Team Globsec 0 Comments ]

Policy Outcome: Smart Taxation in a Fast-Changing Global Economy

Taxation has become a burning topic in today’s global policy context, as show the initiatives of the OECD’s Centre for Tax Policy supported by the G20. To help solve global economic challenges, support growth and at the same time taking into consideration national needs, we need a smart taxation system. The first question which comes out is: what do we mean by “smart” taxation? To answer, we must first look at what principles tax policies should consider when addressing today’s actual context and future challenges: sustainability, efficiency, fairness, transparency, predictability, enforceability and growth-enabling. The Focus Group concentrated on what are we looking for in taxation in the European Union and how to achieve that in an environment where free flow of goods, services and capital needs to be guaranteed, while ensuring social fairness.

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[ November 29, 2019 by Team Globsec 0 Comments ]

Policy Outcome: Driving Clean Mobility Financing in CEE

With three high-level roundtables of representative industry leaders, policymakers and top experts over the course of a calendar year, GLOBSEC Initiative for Sustainable Mobility has led the regional dialogue to identify a number of achievements, opportunities and barriers in the area of clean mobility development in CEE. The purpose of this report is to convey a message and set of policy recommendations to the incoming EU institutional representatives concluding the next EU budget and forging political agreement for ambitious 2030 and 2050 climate objectives and to CEE national governments finalising national energy and climate plans.

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[ November 29, 2019 by Team Globsec 0 Comments ]

Policy Outcome: Business Post-Brexit: European Competitiveness Compromised?

Regardless of whether the UK leaves or remains a part of EU’s common economic structures in some way, a new set of rules and regulations governing the relations between the two will be required. Though Brexit might present an opportunity for the UK and the EU to boost their respective business ventures, it is likely to burden international businesses with extra administrative and/or procedural costs, or worse, discouraging or preventing them from trading in one or the other entirely. This might seriously compromise the competitiveness of UK and EU businesses and indeed of the EU itself. Whether this will present a threat or an opportunity remains to be seen, but based on the Focus Group discussion held at Tatra Summit 2019, we managed to highlight several policy recommendations.

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[ November 29, 2019 by Team Globsec 0 Comments ]

Policy Outcome: Belt and Road: Challenged by a Systemic Rival?

Since its launch in 2013, Beijing has acquired an increased standing of global influence and has built an extensive network of allies and partners. This has by extension affected the EU’s international influence and rendered China a systemic rival as declared by the European Commission in March 2019. Even more vigilance is needed in relation to China’s growing sway with the EU’s smaller members, notably in Central and Eastern Europe. Against the backdrop of these developments, the Tatra Summit 2019 held a Focus Group which provided a great opportunity to have a sobering conversation among experts about Beijing’s global ambitions through the BRI, refining EU’s China strategy, and potential areas where bilateral and multilateral collaboration is viable.

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