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.

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High youth unemployment in the United States and Europe is a result not only of sluggish growth, but also a skills mismatch—the new generation of workers lacks the skills that employers need. Economists now predict a looming shortfall of 3 million skilled U.S. workers by 2018. Meanwhile, there are 2 million job vacancies across the …Read More

In 1996, Martha Finnemore noted in National Interests in International Society that no matter how technical international organizations might seem, they “are never neutral forms.” In his new article, Alexander Reisenbichler, former DAAD/AICGS fellow, studies the domestic sources and power dynamics of regulatory networks using the example of the financial stability forum (FSF), a regulatory …Read More

AICGS will hold its second annual “Transatlantic Dialogue of the States, Cities, and Communities” on Tuesday, June 9, 2015. While German-American relations focus mainly on the connections between Berlin and Washington, this dialogue will bring together civic leaders from throughout Germany and the United States to discuss common challenges and innovative programs at the sub-national …Read More

The AICGS Business & Economics Program is pleased to invite you to attend our Annual Symposium in Germany, this year in Frankfurt, on “The Great Divergence: How Much are the U.S. and European Economies Diverging?” on Tuesday, June 23, 2015, at the Deutsche Börse AG. Together with an extraordinary panel of speakers and a keynote …Read More

Greece barely managed to repay a loan installment to the International Monetary Fund (IMF) this week, only being able to do so by tapping its own buffer reserves at the IMF. The rather unusual repayment method underscores how severe Athens’ liquidity crunch has become in recent months. Things will get even worse in June and …Read More

Former DAAD/AICGS Research Fellow Alexander Reisenbichler and Kimberly J. Morgan, an Associate Professor of Political Science and International Affairs at George Washington University, recently published a chapter entitled “The German Labour Market: No Longer the Sick Man of Europe” in a new e-book that focuses on the German economic model and includes high-level contributions from …Read More

The United States and Germany must both confront the global implications of a rising global population and increasing urbanization.  Finding an approach to powering our societies that reduces our reliance on fossil fuels will be imperative, as the need for global transport and other energy-intensive uses will continue to increase in the coming decades. However, …Read More

Energy security has become a major concern for the transatlantic community in the twenty-first century. In Europe, Russia’s seizure of the Crimean peninsula has renewed focus on the European Union’s energy policy. Germany has been a leader in the field, with a long-term strategy (the Energiewende) that started well before the Fukushima crisis in 2011 …Read More

Officially, Greece was not even on the agenda at the Spring meetings of the IMF and World Bank Group last week. But the country’s obstinate flirtation with disaster was very much on everybody’s mind, including U.S. officials. One sentence that I heard repeatedly over the past days best encapsulated the bewildered puzzlement with which Greece’s …Read More

The crises of recent years have shown us that we must part with many convictions held in the past. One of them is that government bonds are risk-free. This also applies to bonds issued by member countries of the European Monetary Union (EMU). The reason for this is simple: Despite having a common currency, the …Read More

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