
Daniel Griswold
SPECIAL REPORT—The potential upside of a comprehensive Transatlantic Trade and Investment Partnership (TTIP) agreement to liberalize trade, investment, and regulatory barriers between the United States and the European Union is substantial. The economic benefits are estimated to be in the range of a $125 billion annual boost to GDP on each side of the Atlantic.
SPECIAL REPORT—The first half of 2013 has been an unusually turbulent period for companies doing business in China. Amidst an apparent economic slowdown, the new leadership has pursued a number of actions. This includes an anti-corruption drive, a government frugality campaign, and a stronger Internet crackdown. But that’s not all. We have seen the trial of Bo Xilai, as well as the purging of China’s most profitable state owned enterprise, PetroChina.
SPECIAL REPORT—First elected German Chancellor in November 2005, Angela Merkel achieved a stunning victory through her second re-election on September 22nd. This is very important since Germany is the largest European Union (EU) economy, accounting for more than one-fifth of its gross domestic product (GDP), and the main bailout creditor to struggling European countries. As a result, many are wondering what’s next in terms of German policy and its impact.
Since the global recession began in 2008, Europe has struggled. For example, last year the European Union (EU) which is comprised of 27 countries with a consumer base of approximately 500 million, registered -0.2 percent growth. Although its economy has improved, it remains vulnerable. Nonetheless, there is a considerable upside not reflected in these figures.
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