Generates insights into the institutional, political, cultural, and historical factors that shape our responses to deepening economic integration and the challenges of globalization. Current issues in the Business & Economics Program include Trade and Financial Governance, which looks at macroeconomic discrepancies, studies the responses of central banks and fiscal authorities to current challenges, and analyzes transatlantic trade and growth. Educating the Future Workforce assesses ongoing workforce development and labor market challenges for the United States and Europe. It seeks lessons on work-based learning systems and their role in boosting employment and economic growth from other countries’ experiences in an effort to apply them to the United States. Under the topic Energy and Climate Policy, it examines European energy security and the economic impact of energy and environmental policy.

I feel lucky that my career has taken place during a dynamic period in the relationship between the U.S. and Europe.  I started college as the Reagan presidency was ending, not long after the Evil Empire speech, and graduated soon after the fall of the Berlin Wall.  I was studying in Europe during the autumn …Read More

Uncertainty Prevails Ten days after Donald Trump was elected president, the impact on the global and the European economy is still hard to predict. What prevails is uncertainty about Trump’s economic agenda once he enters the White House. What will “America First” mean in practice? To what degree will he be a protectionist, and will …Read More

China in Germany and Europe On October 24, German economics minister Sigmar Gabriel blocked the bid of the Chinese company Fujian Grand Chip to purchase the German silicon chipmaker Aixtron.  He did so on the basis of information provided by the United States that certain products of this company could have military applications for China.[1]  …Read More

The 2016 presidential contest in the United States has been characterized by a particularly heated debate about the role that trade policy should play in promoting US prosperity and national interests. From the start of the campaign with the 1 February Iowa caucuses and the 9 February New Hampshire primary, the impact of past and …Read More

On November 8, 2016, Americans will decide whether Donald Trump or Hillary Clinton will be the president of Europe’s most important trade and investment partner. In 2015, 20 percent of EU exports went to the U.S., while 17 percent of U.S. goods and services were sent to the EU. Together, the U.S. and EU have …Read More

The U.S. election is less than a month away. With so much focus on the large gap between the rich and the poor in this year’s race, a slightly altered version of James Carville’s 1992 mantra captures the election quite well: “It’s the inequality, stupid.” Inequality divides the United States. In 2015, the top 5 …Read More

Distinguishing between risk and uncertainty—two concepts dating back to economist Frank Knight (1921)—has become popular in financial policy analyses in the aftermath of the global financial crisis of 2007-09. Risk refers to all those possible futures whose probabilities can be estimated, put in numbers, the “known unknowns.” Uncertainty, on the other hand, refers to the …Read More

The eight participants of the Business & Economics Program group came together for their first virtual meeting on September 16, 2016. The discussion focused on the lessons of recent economic crises as well as future challenges for the American and European economies. Among the questions the group confronted were how we see the problems emerging …Read More

Jeff Werner

Jeff Werner is General Manager for International and Public Policy in Daimler’s External Affairs office in Washington. In this role, he manages the company’s international government affairs for US, Mexico and Canada, as well as overall public policy coordination. Werner joined the DaimlerChrysler Corporation as Manager for International Government Affairs in 2005. Prior to joining …Read More

Fabian Wendenburg

Fabian Wendenburg is the Deputy Head of the Foreign Economic Policy Department at the Federation of German Industries (BDI) in Berlin. In this capacity, he works on trade policy and transatlantic economic relations. Previous to joining BDI, he worked as a Chief of Staff to the Senator for Economics in the City of Berlin, as …Read More

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