digital economy
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Cryptocurrency: A store of value for the current crisis?
Now that the global economy is in deep recession, investors are looking for crisis-proof stores of value. Cryptocurrencies are a new class of assets that could fulfill this need. Several European countries have already created or at least started to consider the legal frameworks necessary to institutionalize this innovation. One of the biggest remaining hurdles is a lack of knowledge about cryptocurrencies among the general public, especially of those who are investing in these new asset classes.
Taxing the digital economy
An ongoing international effort to rewrite the global tax rules for the digital economy would be a dramatic shift with potentially damaging consequences. Fear of countries unilaterally levying their own digital taxes has led to an alternative at the OECD, motivated by both fiscal and political factors. The new proposal would ...
The case of Zhang Shoucheng and its implications for China
One of the world’s most renowned quantum physicists, Stanford University Professor Zhang Shoucheng, committed suicide in December 2018. The prize-winning academic career of this Chinese-born scientist, along with his extensive business interests and sudden death, have much to tell us about China’s long-term strategy to overtake and surpass the West ...
EU-China relations at a crossroads
For decades, relations between the EU and China have been based on growing economic cooperation and trade. But this interdependence has become asymmetric, which China exploits to maximize its own benefits and weaken European unity. While Beijing moves toward a knowledge-based economy, it also sees the future in nationalist, “back-to-the-future” ...
The U.S.-China AI race: A ‘third way’ for Europe?
As artificial intelligence becomes a key source of competition between China and the United States, the European Union is being left behind. Until recently, Europe has focused on regulations and the ethics of AI, at the expense of technological development. The EU is now launching new research initiatives, but it ...
