Globalization under Pressure: Danger for the German Economic Model?
The term globalization stands for an increasing economic and social interdependence worldwide. It is, or was, the result of three main factors: 1. the collapse of communism in Europe, the …
Friendshoring: Democracy or Diversity?
In an April 2, 1917 speech before Congress arguing for U.S. entry into World War I, President Woodrow Wilson famously declared that “the world must be made safe for democracy.” …
The EU’s Old School Approach to Russian Oil
Over the last two years, the European Union has innovated in a remarkable fashion to strengthen both its internal and external roles as an economic actor. As the EU struggles …
The Potential Role of the U.S.-EU Trade and Technology Council in a Rapidly Changing Global Economic Order
In an important speech on April 13, U.S. Treasury Secretary Janet Yellen stated that “…the war between Russia and Ukraine has redrawn the contours of the world economic outlook.” Amid …
The West Should Stay Focused on Geoeconomic Rivalry with China
As China leveraged its state capitalist model to become a global superpower, it increasingly challenged the market-oriented basis of the liberal economic order founded by the United States and its …
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Unforeseen Challenge for Germany’s G7 Presidency: Time for a Comprehensive Perspective
The Problem of Thinking in Silos In January 2022, the German government published its policy priorities for the G7-Presidency of this year. They are sensible and well placed. In fact, …
Why Some German Companies Are Struggling with the Ukraine Sanctions
Until Russia’s military invasion in Ukraine, many German companies used to have close ties with Russian companies and institutions. Some of them stem from the time of the USSR when …
Revoking Russia’s Trade Privileges
The System Worked Last Friday, the G7 and the European Union decided to revoke Russia’s “most favored nation” (MFN) status, or what is called “Permanent Normal Trade Relations” in the …
Rules or Tools?
The World Trade Organization, the hundreds of bilateral and regional trade agreements, and the more informal norms, principles, and frameworks that together form the global trading system are consistently referred …
Will France Lead the EU to More “Autonomy”?
To mark the start of France’s six-month presidency of the European Union, President Emmanuel Macron and European Commission President Ursula von der Leyen honored two French citizens at a January …
Germany’s China Policy Moves Past Merkel
As Germany’s Merkel era ended, her brand of engagement-driven China policy seems also to have been consigned to history. The writing was already on the wall after the China-EU Comprehensive …
Germany Emerges from Economic Realpolitik
The 178-page coalition agreement announced last week by Germany’s next government comprised of the Social Democrats (SPD), Greens, and Free Democrats (FDP) and called “Alliance for Freedom, Justice, and Sustainability” …
