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.

As Germany assumes the Presidency of the G20 largest world economies, a new U.S. president takes office, and uncertainties surround the future of the global economic order, the American Institute for Contemporary German Studies at Johns Hopkins University is launching a new Geoeconomics Project in 2017. Peter S. Rashish, who counts over 25 years of …Read More

Thomas Friedman has the talent to write about complicated subjects in a way that normal people can wrap their heads around. He does this by choosing an overarching theme and then spices up the explanation with various metaphors, analogies, and anecdotes galore. Whether it be about the Middle East or climate change, Friedman comes up …Read More

The hometown Washington Redskins may have just missed making it to the playoffs of the National Football League championships this season. But they showed once again how important a strong offense is to success, especially when the team’s defense is not performing at a world-class level. What is true for professional sports also holds for …Read More

Of the U.S.’ trade policy and trade relationships over the past twenty-five years, Robert Zoellick, former World Bank president, U.S. Trade Representative, deputy Secretary of State, and AICGS Trustee, writes in the New York Times that “Today’s new conventional wisdom is that trade is bad politics. But the fall of the Soviet Union showed that …Read More

2016 As a Special Year for the UK and the U.S. The UK experienced a rather surprising victory by the supporters of Brexit—i.e., those in favor of the UK leaving the European Union. The British referendum result of a majority in favor of Brexit was indeed a surprise to most observers, however, not really to …Read More

In the current climate of rising populism—or what Mark Blyth calls “global Trumpism”—the United States and Germany remain key engines of the global economy. While Germany has long been admired for its export-led model, the United States is a powerhouse of household consumption. But both economies are vulnerable to problems endemic to their growth models. …Read More

The Global Financial Crisis of 2007-09 ended a two-decade period of steady economic growth and stable inflation in the world’s advanced markets, the so-called “Great Moderation.”[1] Since the mid-1980s, this long-term stabilization in macroeconomic indicators had provided the grounds for continuous cross-border integration across financial markets, trade relations, and societies, giving way to an unprecedented …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

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

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

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