European states are not aligned in their military spending priorities, and for this reason, simply increasing national defense spending will not automatically translate into higher common EU industrial and operational capacity. As long as EU and member state priorities remain unaligned, the...

"New Defense," akin to "NewSpace," challenges the traditional defense industry with innovative, agile, software-first companies. Lack of European equivalent to US tech giants raises concerns about strategic credibility. European technology sector's military assistance to Ukraine remains limited...

The Lisbon strategy of the year 2000 failed: the share of R&D spending in Europe remains below the 3 percent of GDP target, far behind that of the US and China. EU companies spend much less on R&D than their US peers and concentrate their innovation activities on midtech instead high-tech...

If innovation is necessary to tackle the huge economic, political, and social challenges facing society, then entrepreneurship is needed to drive innovation. Both Germany and the US are not only among the most innovative, but also among the most entrepreneurially active countries in the world....

The next president of the United States will have to address the country's chronic budget deficits and spiraling debt. Unfortunately, neither candidate has a coherent plan Neither candidate is committed to free trade. Whereas Trump's trade policies will be conditioned by animosity toward China,...

Both candidates, Kamala Harris and Donald Trump, favor protectionism, but Trump to an extreme degree The joint protectionism is mainly directed against Chinese technology Trump favors mass deportation of immigrants, while the Democrats want orderly immigration Nobody cares much about the...

The Trump Administration enacted deficit-financed tax cuts, and the Trump campaign has proposed doubling down on that approach. The Biden-Harris Administration added less to national debt and shows more commitment to fiscal responsibility The Trump Administration consistently enacted tax...

The 2024 US presidential election will determine who will work with Congress to address three major fiscal issues: the expiration of key tax reforms from the 2017 Tax Cuts and Jobs Act (TCJA), the ongoing trade war with China, and the trajectory of the federal debt Vice President Kamala Harris...

Foreign trade and macroeconomic policies under a Harris administration would largely provide for continuity with the Biden administration, while policies under another Trump administration would have the potential to be highly disruptive Regardless of who becomes the next president, US...