Michael Reichel (ari)
International economic relations are based on the idea that everyone involved benefits from trade because countries specialize in what they produce more efficiently than others. But what happens when economic policy decisions are not based on economic logic but on national interests?
The foreign trade policy of the USA under Donald Trump is exemplary of this development: with the slogan "America First", punitive tariffs and the questioning of multilateral trade agreements, the world's largest economy is taking an increasingly protectionist stance.
The lecture introduces the basic economic principles of international trade, sheds light on the political shaping of global economic relations and shows how economic cooperation can come under pressure. Current examples will be used to discuss the consequences of this course for global markets, supply chains and international cooperation - and what this means for the future.
Since October 2012, Univ.-Prof. Dr. rer. pol. habil. Thomas Grebel has been Head of the Department of Economic Policy at the Department of Economics and Media at TU Ilmenau. After completing his studies in business administration (University of Augsburg) and economics (Wayne State University, Detroit), he earned his doctorate in economics at the University of Augsburg. Following his post-doctoral phase at GREDEG in Sophia-Antipolis, France, he habilitated at the Friedrich Schiller University in Jena. In addition, he gained practical experience as co-founder of an e-commerce company and as project manager at a renowned Swiss economic research company in the field of climate and energy policy. His research focuses on empirical innovation research; in addition, he also deals with economic policy issues in the context of international trade relations.
Admission: 5 Euro
