Featured Publications
Kazakhstan and the United States: Twenty Years of Ambiguous Partnership
The Five Futures of Cyber Conflict and Cooperation
US Lessons for the Eurozone Restoring Confidence through Transparency
Prospects and Challenges for Increasing India-Pakistan Trade
A US-EU Action Plan for Supporting Democratization: Egypt, Libya, and Tunisia
Council News
Jonathan Paris Discusses Syrian Crisis with France 24
Jonathan Paris, nonresident senior fellow with the Atlantic Council's South Asia Center, appeared on France 24 to discuss Russia's support for the Assad regime and what it means for a possible UN resolution against Syria.
Damon Wilson US Senate Testimony: Ukraine at a Crossroads
On February 1, Atlantic Council executive vice president Damon Wilson testified at a hearing of the US Senate Committe on Foreign Relations on the topic: "Ukraine at a Crossroads: What's at Stake for the US and Europe?"
Michele Dunne on US-Egypt Relations for NPR's Morning Edition
Relations between the US and Egypt have taken a downturn since Egyptian authorities raided the offices of seventeen nongovernmental organizations in December - three of them US-funded. Michele Dunne, director of the Atlantic Council's Rafik Hariri Center for the Middle East, spoke on NPR's Morning Edition about the situation and what it means for US aid to Egypt.
FEATURED ISSUE
The South Asia Center receives guidance and support from many experts throughout the world. Our senior fellows, guest-speakers, Center patrons, and visitors contribute heavily to the Center’s mission to “wage peace,” and engage the international community in the region. The Center asked our contributors the simple, but key question, “What you do expect in 2012?”
REGISTER
Josef Ackermann on the Global Economic and Financial Crisis
May 01, 2009
Deutsche Bank CEO Dr. Josef Ackermann visited the Atlantic Council for a frank discussion about the global economic crisis. The talk was the second in the Council’s Mapping the Economic and Financial Future series; EU Competition Commissioner Neelie Kroes spoke at the series’ inaugural lecture. Atlantic Council chairman Senator Chuck Hagel offered introductory remarks, and Frederick Kempe, the Council president and CEO, moderated the Q&A session.
In particular, Ackermann focused on how the crisis has changed the social contract between governments and citizens, noting that the pendulum has swung back in favor of state involvement in market structures after the “Reagan-Thatcher revolution” of the 1980s. He stressed that “better rules and stronger institutions” are ultimately needed after the crisis rather than a larger role for the state in countries’ economies. Ackermann argued that discrepancies between nation-based economic rules and institutional action at the global level resulted in the current crisis, adding that the two need to be brought in sync.
He also spoke out against protectionism, warning that it poses a threat to global markets. Global integration is not inevitable, Ackermann said: “Globalization is not a natural force. It is manmade and can be undone with our own hands.”
Ackermann closed by predicting that although discussions about alternatives to the Western capitalist model may intensify as a result of the present crisis, a truly new model is unlikely to emerge. He also cautioned that the EU must keep Eastern Europe, especially hard hit by the crisis, connected with Western Europe no matter what the cost. Finally, Ackermann urged for more transatlantic economic cooperation, stating that the EU and the U.S. should use strengths from each of their economic models to create new and better regulations for addressing the crisis.
Transcript
Podcast (MP3, 1:15:00):
Media Coverage:
- Josef Ackermann – European CEO, Selwyn Parker
- A Downer on Globalization – Wall Street Journal, Real Time Economcis Blog, Bob Davis
Related New Atlanticist Analysis:
- Capitalism's Future Shape – James Joyner
- After G-20: Not Quite A New World Order…Yet – Robert Manning
- When Bubbles Burst: Daewoo All Over Again – Peter Beck
- G20 Leaders Leave Hard Problems Unsolved – Alexei Monsarrat
- Stay Out of the Protectionist Trap – James Joyner
- G20 Leaders Proclaim Consensus Without Achieving It – James Joyner
- Economic 'Iron Curtain' Dividing Europe? – James Joyner
Related Publication:
Mapping the Economic and Financial Future Series:
The Mapping the Economic and Financial Future Series is generously supported by Deutsche Bank.
Trackback URL for this post:
FEATURED EVENTS
The Way Forward in Europe
On February 13, the Atlantic Council's Global Business and Economics Program will host Luc Frieden, finance minister of Luxembourg, and an influential member of the European Union’s Eurogroup and Economic and Financial Affairs Council.
Libya Revisited: Coalition Building and the Future of NATO Operations
Please join the Atlantic Council for a public address and conversation with General Charles Bouchard, commander of the NATO military mission in Libya.
Pivotal Partnerships: The Prospects for International Defense Cooperation in an Age of Austerity
On Wednesday, February 15, Deputy Secretary of Defense Ashton Carter will join the Atlantic Council for a public address and conversation on international defense cooperation.
Counter-Piracy Task Force: Strategic Approaches to the Piracy Challenge
On February 8, 2012, the International Security Program and the Michael S. Ansari Africa Center hosted a meeting of the Atlantic Council Maritime Piracy Task Force, chaired by Atlantic Council Board Director Franklin D. Miller. This is the third in a series of meetings looking into the challenge of piracy and possible strategic approaches.
Featured Video
FEATURED INTERVIEW
Is Nigeria at a Crossroad?
In this edition of the New Atlanticist Podcast, Atlantic Council senior fellow Sarwar Kashmeri speaks to Mr. Tutu Agyare, founder and managing partner of Nubuke Investments, one of Africas’s largest asset managers.
