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The CEPII Newsletter       
January 2024        

The French edition is slightly different as it also includes material available in French only  

Europe Monnaie & Finance Trade & Globalization Migrations Economic Policy Emerging Economies Competitivness & Growth Environment & Natural Ressources

Dominance on World Markets: the China Conundrum

Defining dominant positions as a situation where one country accounts for more than half of total world exports, this Policy Brief shows that China is different from other countries. Even when the volume of its aggregate exports is taken into account, it holds far more dominant positions. This finding proves robust to different measures and benchmarks, including in the past 25 years, and including using detailed, product-level data. Such product-level dominant positions make it difficult for importers to substitute their supplier for another, at least in the short term. This may be consequential in an open world increasingly seen through the lens of dependencies.  Sébastien JeanAriell ReshefGianluca SantoniVincent Vicard
  • Energy Economics
    How do political tensions and geopolitical risks impact oil prices?

       Valérie Mignon, Jamel Saadaoui


New year, new challenges

The CEPII is looking forward to the new year and the developments it will bring that we hope to be positive. The Government, under whose auspices the CEPII has been operating since 1978, has initiated a thorough review of how to enhance the performance and coordination of the French organisations that conduct economic analysis and policy evaluation.
Last year, the Government commissioned Jean-Luc Tavernier, Director General of INSEE, and Nicolas Véron, co-founder of the Bruegel Institute and researcher at the Peterson Institute for International Economics, to examine the current situation and propose recommendations. In their report to Prime Minister Elisabeth Borne, they suggested, among other measures, merging the CEPII and the Observatoire français des conjonctures économiques (OFCE). They argued that this would create a leading centre specialising in both domestic and international economics, and enable it to participate more effectively in the European policy debates.
We anticipate that the research led by new centre will be based upon an ambitious and rigorous scientific work programme. The CEPII will keep providing analysis of the structural trends in the global economy, in the context of the current geopolitical, energy and ecological challenges. The CEPII will pursue its high-quality research to inform policymakers and fuel public debate on international economic issues.
Antoine Bouët, Director of the CEPII
Go to the Blog to find out more


ISSN: 1255-7072
Editorial Director : Antoine Bouët
Managing Editor : Evgenia Korotkova