The paper examines the question how the EU and other countries who are in a similar position of "being caught between the US and China", such as South Korea, will shape their relationship with China and how their strategies complement, or contradict, the policies pursued by the US under the...

The idea that US power underpins international security remains deeply anchored in today's US political elite. Ultimately, this idea also lies at the heart of US-led alliances, including NATO. But the three pillars of Pax Americana - US military strength, the country's economic openness and the...

"China is the rising power of the early 21st century. In recent years, its economy has turned into a driving locomotive for the entire Asian continent. Undoubtedly, the country has become an important factor in global politics and economics with a tremendous impact on the political, social and...

In recent decades, governments have built up substantial public debt, which is often accompanied by a growing public sector and fiscal policies that neglect long-term considerations. The contributors to this CESifo volume consider whether the development of public debt in the United States and...