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 Jean, Ariell Reshef, Gianluca Santoni,  Vincent Vicard

 

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.

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