Showing 1 - 5 of 5
Mobile operators need competition
News, Peter Cramton & Erik Bohlin, Published on 31/03/2025
» Thailand's mobile communications market has two service providers with an equal share of customers. In economic terms, it is a symmetric duopoly. This is the worst market structure because the two can easily discipline each other to limit competition: "I'll match any lower price you set; I'll limit 5G and 6G investment if you do." This reciprocity limits competition in price and quality, which helps the carriers' shareholders but harms consumers, especially in the long run, through slower innovation in a critical infrastructure industry.
The way to lose an entire decade
Oped, Erik Berglöf and Nahom Ghebrihiwet, Published on 19/03/2025
» The 2020s are shaping up to be a lost decade, at best, for economic growth. This will be particularly bad for emerging markets and developing economies (EMDEs) in the short term, but it will leave us all worse off, not least by undermining the global fight against climate change. The parallels with the 1930s -- when the world also faced a major economic shock, intensifying protectionism, growing nationalism, and the weakening of multilateralism -- make the situation appear all the more ominous. Then, like now, geopolitics was king.
Promise, peril of decarbonisation
News, Erik Berglöf, Published on 09/10/2023
» To limit global warming to 1.5 degrees Celsius, it is crucial to decarbonise the entire world. But pressuring emerging economies to reach net-zero emissions too quickly could lead to an explosion of dollar-denominated debt and financial volatility across the developing world. Integrating these countries into the decarbonisation effort requires a more nuanced strategy.
Fostering agency where it counts
Oped, Rania Al-Mashat & Erik Berglöf, Published on 15/06/2023
» The gap between the resources needed to achieve net-zero greenhouse-gas emissions by 2050 and the resources that are available currently amounts to trillions of dollars and is still growing.
Take the 'trust but verify' path to reaching net zero
Oped, Erik Berglöf, Published on 24/02/2022
» The world currently faces a triple crisis: a pandemic, a climate emergency and immediate threats to biodiversity. But instead of a strengthened sense of solidarity, there is increasing distrust among countries and within international institutions, owing to the catastrophic failure to vaccinate the world against Covid-19, the intensifying superpower rivalry between the United States and China, and the emergence of new physical and online security threats.