Global Economic Order: A “Made in America” Idea
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.
Globalization: As Bad as Its Reputation?
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, …
Germany – A Currency Manipulator?
Hardly any economist would have disagreed if Peter Navarro, new chief trade adviser to President Trump, had just restated the standard textbook wisdom: that a common currency cannot fit well …
A Reset with China? Our Anxiety and Germany’s Responsibility
When the news about Donald Trump’s election victory broke, I was in Shanghai for a conference on Sino-German relations. The conference agenda was at once scrapped to make way for …
From the AGI Bookshelf: Mittelstand ist eine Haltung
There are some words in German that are hard to translate: Gemütlich, fahrvernügnen, or Gesamtkonzept Mittelstand is another example. Technically it means small and middle-sized firms. But that is an elastic …
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Support Our WorkA New Geoeconomics Focus for 2017:Peter S. Rashish joins AGI as Senior Fellow and Project Director
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-German Institute …
In Trade Policy, the Best Defense Remains a Good Offense
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 …
Transatlantic Relations in a Changing World Order: European and U.S. Responses to China’s Rise in Africa
A Changing World Order: China’s Rise in Africa The twenty-first century is characterized by the rise of new global players and changing power relations. In particular, China’s increasing international presence …
International Financial Regulatory Politics after the Crisis: Toward a New Progressive Era
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 …
