Pandemics, global warming, food security, ageing, depletion of certain raw materials... our economies are faced with global problems, calling for long term actions and raising intergenerational issues. To guide economic policies, it is therefore essential to have a sound framework for reflection. The MaGE (Macroeconometrics of the Global Economy) model, developed by CEPII, makes it possible to draw the fundamental trends of the world economy in the long term, up to 2050. On the backdrop of the continued pace of economic and demographic growth and technological progress, energy consumption is expected to double by 2050, despite efforts to improve energy efficiency. Ambitious policies to decarbonize our economies will be necessary to make these prospects for economic growth sustainable. Lionel Fontagné, Erica Perego and Gianluca Santoni
 

What will the global economy look like in a generation? EconMap is the database developed by the CEPII in 2010 to picture the world economy in the long term. Based on a three-factor production function of labour, capital and energy, plus two forms of technological change, we propose a long-run growth scenario for 170 countries at the 2050 horizon, relying on the model MaGE (Macroeconometrics of the Global Economy).

We start the 2022 season with the presentation of Eswar S. Prasad's book "The Future of Money - How the Digital Revolution Is Transforming Currencies and Finance" which explains that the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and citizens. Will cryptocurrencies evolve unpredictably as global corporations join the game?

International Economics is a peer-reviewed journal devoted to the publication of research in the area of applied international economics. The journal especially welcomes empirical contributions that include, but are not limited to, topics in international trade, commercial policy, open economy macroeconomics, international finance, exchange rates, financial and monetary policies, economic development, migration and factor movements.