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 the Debt Crisis, responding to the end of the years of plenty by comparing German and American responses to the crisis. It looks at macroeconomic discrepancies and their potential threat to national security, studies the responses of central banks and fiscal authorities to current challenges, and analyzes transatlantic trade and growth. In the area of Financial Regulation it examines the potential impact on credit intermediation and growth. Educating the Future Workforce is an ongoing challenge for the United States and Europe. Lessons on work-based learning systems and their role in boosting employment and economic growth can be learned from other countries’ experience in developing multiple career pathways for their citizens.
The start of the Single Supervisory Mechanism (SSM) in the euro zone adds an important element to the euro’s financial ecosystem. It should help to restore trust in the system and, by reducing frictions in the monetary transmission mechanism, may also contribute to growth. Recent additions to the monetary framework of the euro zone have …Read More
This year’s AICGS Annual Symposium is framed around the idea of “A World in Flux”: the relative decline of the West’s economic power; the need to adapt our work forces to be successful in a new era; and changing geopolitics as a result of ongoing tensions in eastern Europe, the Middle East, and Asia. Containing …Read More
If the U.S. aims to learn from the Swiss experience, it should seek ways to improve the reputation of work-based training programs through better linking the vocational and academic worlds of learning.
The European Central Bank (ECB) is getting much closer to what many analysts believe is the inevitable launch of a much broader-based program of asset purchases, also involving sovereign bonds. While it is true that the ECB remains a much more politically sensitive central bank than some of its main counterparts and what big stakeholders, …Read More
AICGS conducted a European study tour from October 5-15, 2014 that examined the role of apprenticeship in workforce development in Germany, France, Hungary, and the United Kingdom. Our goal was to identify best practices among employers, educators, government, and other stakeholders in preparing their current and future workforce for careers in manufacturing and information technology. …Read More
In the 2013-2014 academic year, tuition fees for undergraduate students at American universities averaged a whopping $5,410 (€4,353) each semester—and this does not include housing, dining costs, or personal expenses.1 Apart from occasional criticism and debates, tuition fees have never stirred major political protests on this side of the pond. When German students were obliged …Read More
Prof. Dr. Raimund Bleischwitz, a DAAD/AICGS research fellow in May and June 2013, has recently published a paper in the journal Global Environmental Politics, building on his research conducted while at AICGS. In his essay “Transparency in the Extractive Industries: Time to Ask for More,” Prof. Dr. Bleischwitz discusses efforts to establish financial transparency in …Read More
The December meeting of “Learn & Earn: A Young Leaders’ Group for the Development of the U.S. Workforce” discussed another facet of workforce development: re-integrating military veterans into the labor market. Ms. Dana Hendrickson, Director of Outreach and Advocacy at the Maryland Department of Veterans Affairs (VA), gave insights into the challenges for veterans and …Read More
Now in the second half of 2014, the European economy has hit a rough patch, triggering renewed anxiety among policymakers on both sides of the Atlantic. Economists and politicians are still trying to assess whether the U.S. economy is strong enough to pull the weaker euro zone out of its gravitational drift toward chronic stagnation …Read More
The current state and the future of the European banking sector set the agenda of the AICGS workshop entitled “Welcome to the Banking Union: Sound Financial Regulation to Fuel Economic Growth?” on November 17, 2014. Panelists included experts on the financial sector Nicolas Véron from the Peterson Institute for International Economics, Gunnar Stangl from Commerzbank …Read More