Transatlantic relations in dire financial straits

In part one of this special section on economic Transatlantic relations, Josef Braml analyses how the United States may no longer be able to carry most of the Transatlantic security burdens. Weak economic growth, high unemployment, and an enormous budget deficit mean the US can no longer deliver such global public goods as security, free trade, and a stable lead currency. The US, rather, needs to try harder to shift the burden of global responsibility over to its competitors and allies, be it in connection with the targeted softening of American currency, protectionism in trade policy, or burden-sharing in security. 

Auteur

Josef Braml

Tags

2013, Josef, Braml, Analyse, Analysis, United, States, Verenigde, Staten, Transatlantic, Relations, NATO, NAVO, TransAtlantische, Relaties, Obama, America, Amerika, President, Barack, Budget, Deficit, Katern, Special, Section, Tekort

Foto: Flickr/Maryland GovPics/CC BY 2.0