CEPII - Accueil

Multinationals Here and There: Affiliates' Response to Global Crises

This Working Paper investigates how multinational enterprises (MNEs) adapted their global operations in the post COVID-19 period. Using the pandemic as a natural experiment, the authors analyze how MNEs adjusted employment across their foreign and domestic affiliates in response to economic disruptions and shifting perceptions. Continue reading >>

Le blog du CEPII

September 15, 2025

The impact of international trade on France's carbon footprint
Pierre Cotterlaz, Christophe Gouel
The geographical origin of France's imports played a decisive role in the increase of its carbon footprint during the 2000s. This trend is primarily explained by the "China shock" followed by the rise in the economy's openness rate.

Le blog du CEPII

September 1, 2025

European agri-food: sectoral contrasts in the face of trade liberalization
Charlotte Emlinger, Houssein Guimbard
In discussions surrounding international trade agreements, European agriculture is often portrayed as a homogeneous sector, unable to compete on the global stage. This oversimplified perception fuels ongoing debates over market liberalization, foreign competition, and the safeguarding of domestic industries.

Le blog du CEPII

August 4, 2025

Transatlantic Tariff Agreement: Toward a Further Intensification of Intra-European Trade?
Deniz Ünal
American protectionism constitutes an additional shock likely to reinforce trade within the Single Market.

Le blog du CEPII

July 17, 2025

Rise in American Protectionism: A Certainty Amid Trade Chaos
Antoine Bouët, Houssein Guimbard
Regardless of future US decisions, a return to the preexisting global trade order seems unlikely: trade with the United States is bound to become more expensive and more difficult.

Trade & Globalization

Competitiveness & Growth

Emerging Countries

Environment & Natural Resources

Money & Finance

Economic Policy

LE Graphique – THE Chart

The impact of international trade on France's carbon footprint

The geographical origin of France's imports played a decisive role in the increase of its carbon footprint during the 2000s. This trend is primarily explained by the "China shock" followed by the rise in the economy's openness rate. Continue reading.

EU-US trade dashboard

While the United States are intensifying tariff measures, find the main data on trade between the European Union and the United States on our new dashboard: bilateral trade balance, composition of trade in goods and services, trade exposures by sector, trade protection, dependencies, as well as our main publications on the topic. >>

Analysis and debates

Multinational Enterprises Since Covid: Stronger Than Domestic Firms, Especially at Home

The Covid-19 crisis heightened awareness of the vulnerabilities inherent in global trade, prompting a re-evaluation of the benefits and risks of globalization. Although global trade openness briefly declined – reflecting a sharper drop in trade than in GDP during lockdowns – it quickly rebounded to pre-crisis levels. However, this aggregate trend may conceal significant microeconomic shifts in firm behavior. Continue reading >>

Cryptomercantilisme et souveraineté monétaire : le défi des stablecoins américains pour l’Europe

Taxer les multinationales à l’ère du retour de l’unilatéralisme

Comment le commerce international a façonné l’empreinte carbone de la France

Multinationals Here and There: Affiliates' Response to Global Crises

Outsourcing Decarbonization? How Trade Shaped France’s Carbon Footprint (2000–14)

Carbon Bias of Tariffs: Are Fossil fuels the Culprits?

What Strategy Should the European Union Adopt in the Face of US Protectionism?

Working Around Sanctions. What Cost to Russia?

Trump 2.0 Tariffs: What Cost for the World Economy?

Health Products in International Trade: a Full-Fledged Industry Grouping

CEPII Region Profiles: indicators, databases and classifications

CEPII Country Profiles: indicators, databases and classifications

Monnaie, crises, écologie : les clés d’un monde en recomposition.
Hommage à Michel Aglietta
October 1, 2025

Call for Papers : 15th Annual International Conference on Immigration in OECD Countries
December 11 - 12, 2025

Presentation of the CEPII's annual publication "L'économie mondiale 2026"
September 10, 2025

The economic consequences of Mr. Trump's second "first hundred days"
July 9, 2025

CEPII Research Seminar "Unilateral Carbon Pricing and Heterogenous Firms"
July 3, 2025

CEPII Workshop "The economics of migrations"
July 2, 2025

The 3rd Junior Workshop on The Economics of Migration
June 23 - 24, 2025

Séminaire compétitivité CEPII-Banque de France "L'industrie de défense, entre perspectives haussières et défis de croissance"
June 10, 2025