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Risk Management in Transatlantic Trade: A U.S. Perspective

“Risk” and “risk management” are not normally words applied to transatlantic trade. In general, observers assume trade is mutually beneficial, and that the benefits outweigh any costs. Of course, life is not so simple: even in mutually beneficial interactions, there are possible downside effects, or “risks,” where the amount of risk faced is a product of the hazard (downside effect) and the probability of that effect occurring. This essay focuses on two narrowly defined areas of government risk management in trade policy: the risks posed to consumers, the environment, and investors; and the risks posed to politicians and governments.

The Week in Europe

The last week of August has opened with the usual salvo of news about the debt crisis in Europe. Of course, American public opinion will turn its attention towards the …

The German Model

In this Handelsblatt report, Peter Ross Range takes an in-depth look at the so called “German Model” of economic and political success. Why, amidst all of the negative issues currently …

The Consequences of the Financial Crisis for Europe’s Security

First published in the Neue Zürcher Zeitung, this article from Karl-Heinz Kamp discusses the effects of four recent economic and geostrategic trends and emphasizes three necessities as NATO moves forward. …

Slimming Down: The Pivot, Austerity, and the Path Ahead for Transatlantic Security

“If Article 5 beckons, the United States should and will be there.” Barry Pavel and Jeff Lightfoot of the Atlantic Council It goes beyond saying that this statement is one …

High Drama in the High Court? ESM and Fiscal Compact in Legal Limbo

For months, policymakers and public alike could only wait with bated breath for the U.S. Supreme Court’s decision on President Obama’s health care reform law. As they pondered and deliberated …

Prospects for National and Transatlantic Security under Austere Defense Spending

Looming on the horizon, January 1, 2013 and the beginning of sequestration’s effects are approaching closer and closer. A consequence of the Budget Control Act of 2011, budget sequestration is …

Housing Beyond Profit: A Comparison of U.S. and German Alternative Ownership Models

In recent years the shortcomings of both the market and of the state in providing decent housing for everyone has become particularly apparent. On the one hand housing, until recently …

Spain, Italy, Germany Come to Deal after Euro Summit

Signaling a new direction in Europe’s efforts to stem the sovereign debt crisis, Germany, Spain, Italy, and other euro zone member states reached a deal to recapitalize Spanish banks with …

Europe’s Tightening Window of Opportunity

Joining the growing number of high profile warnings on the future of the European and world economies, World Bank researchers gravely take note of the euro zone’s eroding gross domestic …