While the global economy has overcome many of the effects of the financial crisis, slow growth, job losses in traditional sectors, and increasing inequality are testing the ability of governments in advanced economies like the United States and Germany to provide broad-based prosperity. A high-standard, rules-based international trading system and well-regulated financial markets will continue to be important drivers of economic growth and a focus of attention for governments and business alike.

As two pillars of the global economy, the status and future of applied innovation in the U.S.-German partnership constitutes a long term challenge to decision-makers on both sides of the Atlantic, albeit for slightly different, if convergent, reasons…

In October 2004, the United States terminated the Agreement on Trade in Large Civil Aircraft it had signed with the EU in 1992. This agreement regulated the forms of government support for the civil aircraft industry (launch aid in Europe, indirect subsidies in the United States)…

The great Austrian economist, Joseph Schumpeter, argued that it is entrepreneurs, or ‘wild spirits,’ who inspire innovation and technological change in a nation. Schumpeter coined the German word “Unternehmergeist,” which literally means “entrepreneurial spirit,” and reasoned that it is entrepreneurs who make the economy of a country strong…

On September 25, 2006 the German finance ministry unveiled draft legislation to introduce Real Estate Investment Trusts (REITs) in Germany. According to an announcement by the finance ministry, the federal cabinet will vote on German REITs on November 2, 2006…

As economic ties between the United States and Germany have grown steadily deeper and more intertwined, economic performance in one country increasingly affects the transatlantic partnership as a whole…

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