Work Packages

A macro-model of world regions  will provide forecasts of shifts in supply and demand of goods and services that may be expected to take place at world level under alternative hypotheses about growth and cooperation between different world regions. Trade and investment flows will also be tracked as well as the dynamics of productivity gains in various large sectors of activities.

The task in relation to financial markets and international regulation is to clarify the interconnection between financial market regulation, evolution of market structures, price movements in financial markets, portfolio behaviour and the impact of these developments in other domains.

Research in the domain of Innovation and technology diffusion will help to see how countries in various regions are in that respect forging ahead, catching up or lagging behind. It will account on how these dynamics are endogenous and/or rely on visible as well as on invisible trade and foreign direct investment.

Research related to global development, demography and migration will examine development prospects for low- and middle-income regions of the world having regard to demographic trends and the changing age structure of populations around the world. Facing an ageing Europe, an African continent with low incomes and expanding demography will clearly place migration as a central issue to be dealt with in all scenarios for cooperative development.

Work on Energy, primary resources and environmental challenges  must help to clarify another three major issues over the coming decades: a) the progressive exhaustion of cheap world oil and gaz resources and their concentration on a limited number of countries b) the mitigation of climate change c) the rise of concerns about the environmental safety of large scale alternatives to fossil fuels (nuclear, biofuels).

The subject is directly imposed by the nexus of international interdependencies into which our contemporary world has grown. The international fabric of institutions following from the aftermath of WWII, even if updated and enriched now and then, falls short of meeting the needs of a more interdependent world, where so many countries, so many transactions are directly concerned. The burst of the 2008 crisis not only stressed the exhaustion of the model of financialisation that has been developing since the early 90s but also underlined that major institutional changes have become real options.

The research on well being and living conditions is meant to clarify how people in the various countries and regions studied benefit from both the growth trajectory from the present to 2025. The current debate on indicators, as regards these topics, highlights that there is not always a clear link between well being and income levels as well as growth. As a consequence, the main research challenge is to try to employ definitions and measures that allow for, both, objective aspects of well being (those related to income and to availability of services such as health care, education, transport etc.) and subjective factors related to happiness.

Major transformations will take place in the development of Europe up to 2025 as far as politics and policies are concerned. Cultural, social, economic, environmental and economic changes during this period will be strongly conditioned by the political backgrounds prevailing in countries and regions.