© 2012 Te German Marshall Fund o the United States. All rights reserved.No part o this publication may be reproduced or transmitted in any orm or by any means without permission in writingrom the German Marshall Fund o the United States (GMF). Please direct inquiries to:Te German Marshall Fund o the United States1744 R Street, NWWashington, DC 20009 1 202 683 2650F 1 202 265 1662E firstname.lastname@example.orgTis publication can be downloaded or ree at http://www.gmus.org/publications/index.cm. Limited printcopies are also available. o request a copy, send an e-mail to email@example.com.
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Te GMF Paper Series presents research on a variety o transatlantic topics by sta, ellows, and partners o the GermanMarshall Fund o the United States. Te views expressed here are those o the author and do not necessarily represent the views o GMF. Comments rom readers are welcome; reply to the mailing address above or by e-mail to firstname.lastname@example.org.
Te German Marshall Fund o the United States (GMF) is a non-partisan American public policy and grantmaking institu-tion dedicated to promoting better understanding and cooperation between North America and Europe on transatlanticand global issues.GMF does this by supporting individuals and institutions working in the transatlantic sphere, by convening leaders andmembers o the policy and business communities, by contributing research and analysis on transatlantic topics, and by pro- viding exchange opportunities to oster renewed commitment to the transatlantic relationship. In addition, GMF supports anumber o initiatives to strengthen democracies.Founded in 1972 through a gi rom Germany as a permanent memorial to Marshall Plan assistance, GMF maintains astrong presence on both sides o the Atlantic. In addition to its headquarters in Washington, DC, GMF has seven ocesin Europe: Berlin, Paris, Brussels, Belgrade, Ankara, Bucharest, and Warsaw. GMF also has smaller representations inBratislava, urin, and Stockholm.
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Te Economic Policy Program is an initiative o GMF dedicated to promoting cooperation between the United States andEurope on domestic and international economic policies as vital instruments o global prosperity, especially or the poorand those aected by shis in the global economy. Te United States and Europe account or more than 40 percent o worldeconomic activity, close to $20 trillion in goods and services on an annual basis. Given the size and importance o thisrelationship, GMF’s Economic Policy Program seeks to ensure that the benefts o globalization are distributed equitably and airly. Trough in-depth research, targeted grantmaking, strategic convening, and outreach to key policymakers and themedia, the program supports transatlantic leadership at the critical nexus o economic policy, trade, development assistance,and management o domestic sectors such as agriculture.On the cover: © Vladimir Koletic/iStockphoto