China’s influence on world markets far outweighs the degree of integration of its own banks and financial markets with the rest of the world. While the country has only gradually eased controls on its capital account and foreign exchange markets, illicit flows of capital are playing an outsized role in some overseas markets and industries. This will change. But how and when? The “New Silk Road” project underlines Beijing’s ambition to keep promoting globalization, in a sharp contrast with the rise of protectionism in the US. But the pace of reforms needed to push that process forward has been slowing. Most than anything, Chinese authorities fear the volatility associated with a higher degree of integration.

The term university covers a wide range of institutions. In time, this diversity could narrow down to two main types of universities: a local model, with institutes and Bachelor degrees related to regional development; a global model, including prototypes such as Harvard or Oxford, and emerging players in Europe or China. These world-class universities can be seen as a new type of universal power. Beyond its graduating activities, the world-class university also exerts a power of knowledge, one that determines global development, ethics and norms. Furthermore, it enjoys an increasingly independent autonomous political power, a new, global magisterium.

The slowdown in international trade and the digital revolution converge to shake up global value chains, a paradigm for international trade since approximately 25 years. A value chain, it should be recalled, encompasses all of...

The SJTU ParisTech Review launched its “After Paris” series in January, 2016 with the view of understanding the impact of the 21st Conference of the Parties of the United Nations Framework Convention on Climate Change...

Today, manufacturers operate in a harsh competitive environment. How can they maintain and develop their competitive edges? What kind of industrial policy can help them when facing this challenge?

It’s 2025, a Digital Earth where continuous connections are everywhere, yet it’s a planet where infectious disease outbreaks can erupt anywhere and spread worldwide in days. To provide a strategic health care firewall against medical...

Is the global crisis behind us? The divergent development of major emerging countries, Europe and the United States reminds us that despite a strong tendency for unification during the past two decades, despite our growing interdependence, the world economy is still highly fragmented.