At the end of the 1980s, a tri-polar world comprising the US, EU and Japan emerged. However, the economic turbulence of the early 21st century has destabilized this order, and the rise of other Asian powers has implications for the formation of a new economic configuration. This book discusses...

WIE SICH PEKING IN UNSERE WIRTSCHAFT EINKAUFT: Pirelli, Volvo, Club Méditerranée, Syngenta oder Spotify: Mit Milliardenbeträgen kaufen sich chinesische Investoren in europäische Unternehmen ein. Besonders beliebt sind deutsche Marken, darunter Daimler, Steigenberger oder BioNTech. Die wilde...

President Trump’s actions on trade have not quite matched his rhetoric, but the worst may be to come. Though the political opposition to his protectionism is formidable, so are his conviction and determination and he possesses a wide array of instruments to pursue his goals. The trade doctrine...

A frequently employed argument against imposing international sanctions is that rival superpowers are likely to bust sanctions to simultaneously shield the target, harm the sender, and make a profit. We evaluate the legitimacy of this concern by studying the effect of US sanctions on trade flows...