Germany’s Number 1 Task: Renew the Global Economic Order
The most important contribution the new German Federal Government can make is to support and reform the global economic order that has been responsible for 70 years of peace and prosperity. Whether it is through institutions like the World Trade Organization and the European Union, countless bilateral trade agreements, or the informal norms and principles governing international commercial activity, these are all largely transatlantic concepts. However, the individual components of the liberal economic order need to be strengthened and updated to account for new developments impacting Germany’s economic relationships (for example, digital trade). Germany can help to do that in three key ways. Continue reading.