The global economy has been shaped by important, disruptive technological changes in recent years. Many of these technologies have been instrumental in our global Covid-19 response and will become the new normal.
Some of these technologies have been introduced by small firms, which grew spectacularly to become 'unicorns', with very high market value and global reach, setting new technological standards in their sectors.
The future competitiveness of any economy depends on the business connections between small and large firms, technological progress, and ability to use the opportunities offered by global markets.
What is the role of public policies in influencing this complex interplay? Dr Cernat presents his recent European Centre for International Political Economy (ECIPE) paper on this topic, and his broader work on trade and technology.