This paper is about the controversy swirling around foreign direct investment rules generally, and recent U.S. and European experiences in helping reshape their design. When this research project was proposed in mid-2016, its purpose was to look ahead at how investment protection rules had evolved on both sides of the Atlantic as a window into …Read More

If it becomes a new White House mantra, a key paragraph that appeared in an op-ed by National Security Advisor H.R. McMaster and National Economic Council chief Gary Cohn in the wake of President Trump’s trip to Europe for the NATO and G7 summits would risk distorting U.S. engagement with the world. Writing on May …Read More

May 29 will mark the 100th anniversary of the birth of John F. Kennedy, the 35th President of the United States. Kennedy may be well known not only to Germans, but more widely in the democratic world for his June 26, 1963, speech where he defied Soviet communism by declaring “Ich bin ein Berliner.” But …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. This Issue Brief, which benefited from the discussions of the AICGS Geoeconomics Strategy Group, sets the …Read More

There is an old story about the serious French thinker who, when presented with a common-sense solution to a problem, will find fault by retorting that the idea “works in practice but not in theory.” And there is some truth to the notion that in the land of Descartes, logical clarity bordering on ideological rigidity …Read More

The final meeting of the AICGS Geoeconomics Strategy Group centered on the concept of “economic security” defined as the ability of a country to pursue national prosperity according to the values and principles it chooses. In an ideal world, publics in the United States, Germany, and other G20 countries would understand that achieving this goal …Read More

The G20 is facing its second big litmus test. Almost ten years ago, only decisive action by the G20 prevented the global economy from spiraling into a deep depression. Not only did the G20 coordinate macroeconomic policies; the leaders also committed to a standstill and rollback on protectionism and thus preempted beggar-thy-neighbor policies. The G20 …Read More

As international delegates begin arriving in Washington, DC, for the first IMF/World Bank semi-annual meetings of the Trump era, among the biggest question facing leaders from around the world is what to make of the Trump administration’s frequently faulty understanding of how the world works. One cannot, for instance, read U.S. Commerce Secretary Wilbur Ross’s …Read More

In the last sixty years, the institutionalized cooperation between sovereign nation states in Europe has been a major success. Underpinned by a U.S. commitment to the defense of Europe, European integration has delivered the longest period of peace and prosperity across most of Europe since the times of the Roman Empire. However, sixty years after the …Read More

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