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Eye on EuropeISSUE TWENTY ONE
This edition’s leading article is by David Smith, the economic editor of the Sunday Times, who looks at the vexed issue of public sector cuts and asks what the plans of the UK coalition government mean for the future of Britain’s economy. While he acknowledges the challenges faced by both the government and the British economy in finding savings as well as weathering the knock-on effects of the cuts, he ends with a cautiously optimistic view that Britain is resilient enough to deal with the pain.
In a related vein, our book review takes a look at Anatole Kaletsky’s new publication Capitalism 4.0 about what the next evolution of the global market economy will bring. The book looks at the various stages in the development of capitalism and makes some tentative predictions and comments about what might lie ahead in a post-crisis world.
Our think tank profiles include a look at the Finnish Business and Policy Forum (EVA), as well as a profile of the influential M.E.S.A 10 in Slovakia and a fascinating look at the origins of the Civic Institute, which grew out of dissident opposition to communism to become one of the Czech Republic’s most respected policy institutions.
Last but by no means least we highlight aspects of the Stockholm Network’s own work. Our spotlight provides an extract from a forthcoming experts’ series paper on the 3rd stage of the EU Emissions Trading Scheme, while elsewhere we provide a taster of our new work programme on internet piracy.
As the world economy shakily begins to recover, much faith is being placed in the green economy and in the growth of the digital economy but the technical policy challenges are complex and many of them concern the protection of knowledge and creating the right balance between reward for risk-taking on the one hand and creation of a competitive market on the other. Only if we get the balance right and continually adapt to new innovations can we get the next phase of capitalism back on track.
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