The global economy is still working to overcome effects of the financial and economic crises in 2008 and 2009. Returning to sustainable growth is of paramount importance for the wealth and security of all nations and has an impact on almost all other policy areas. A cornerstone of transatlantic business and trade, German and American economic cooperation goes beyond domestic issues and influences global markets, businesses, and governments.
Dr. Greg Anderson is a DAAD/AICGS Research Fellow in March and April 2017. He iscurrently Associate Professor in the Department of Political Science at the University of Alberta (CANADA) and former Research Director (2009-2013) of the Alberta Institute of American Studies (AIAS) at the University of Alberta. He earned a BA and MA in American …Read More
A Collection from This Week’s News on Important Issues for German-American Relations Business and Economics Germany to press G20 to sign off on free trade amid worries about US stance: Sources (CNBC) Audi searched by German police in Dieselgate swoop (Reuters) Germany Eyes 1.9 Percent Increase in Spending Next Year (US News) Trump adviser Navarro: …Read More
In this article in the New York Times, Dr. Jackson Janes weighs in on expectations for Merkel’s March 14 visit with Trump, noting that a number of corporate CEOs will be part of her delegation. Dr. Janes tells the Times, “The thing she’ll come back with is, ‘Do you know that there are thousands of …Read More
When German Chancellor Angela Merkel has her first face-to-face meeting with President Trump in Washington on March 17,* she will have two key tests. Can she take the sting out of the burden sharing debate between the United States and Europe in NATO? And can the U.S. and Germany find common ground on trade policy, an …Read More
It is said that Mark Twain once commented, “History doesn’t repeat itself, but it often rhymes.” Maybe a more accurate version is that history doesn’t repeat itself, but people often do—for better or for worse.
A Collection from This Week’s News on Important Issues for German-American Relations Business and Economics A German approach to trade and skills has much to teach Trump (FT) Germany’s ‘powerhouse’ economy is cracking and investors need to be wary, economist warns (CNBC) As E.C.B. Charts Economic Course, Politics Complicate the Picture (NYT) Economic growth expectations …Read More
In the face of growing challenges to an open, rules-based global economic order, there is a need to identify new ideas and narratives about the importance of international economic engagement for the United States, Germany, and the European Union. Ahead of the G20 summit in Hamburg in July under the current German presidency, AICGS will …Read More
The idea of “global economic order” may sound far away from the concerns of the average citizen, but it means something both simple and important: that it is better for trade, investment, and other forms of commercial activity to take place according to agreed-upon rules, and that those rules should reflect the principles of the United States, Germany, and other liberal economies in Europe, Latin America, and Asia. “Liberal” in this case signifying not a position on a right-left political spectrum, but rather a set of ideas that encompasses the rule of law, openness to change, and the primacy of the individual vs. state authority.
There are rough times ahead for the ideas of free trade and globalization. U.S. president Donald Trump (who seems to prefer less rather than more economic openness), the Brexit vote, or the anti-TTIP mood in Germany: wherever you look, the rejection of globalization is widespread. Apparently, many people want more than just a promise that …Read More
A Collection from This Week’s News on Important Issues for German-American Relations Business and Economics Germany, Italy Grow Less Than Forecast Amid Global Uncertainties (Bloomberg) EU clears German plan for electric vehicle charging network (Reuters) Germany’s Worrying Squeeze (Bloomberg) Germany committed to Greece bailout programme – Merkel spokesman (Reuters) EU-Canada Trade Agreement Wins European Parliament …Read More