JHU SAIS to Hold Forum to Release Study on Transatlantic Markets and Globalization

The Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) will hold a forum, "Deep Integration: How Transatlantic Markets Are Leading Globalization," on Thursday, 06/23 at 12:30 p.m. on Capitol Hill in Room 2200 of the Rayburn House Office Building.

This event will feature a discussion of Deep Integration: How Transatlantic Markets Are Leading Globalization, a new study being released that day by the Center for Transatlantic Relations at SAIS. Daniel Hamilton, the center's director, and Joseph Quinlan, a fellow at the center, are co-editors of the book.

In addition to Hamilton and Quinlan, panelists for the forum include:

• Rep. James Saxton (R-N.J.), chairman of the Joint Economic Committee
• Robert Liberatore, DaimlerChrysler Group senior vice president of Global External Affairs and Public Policy

Political leaders and pundits are preoccupied these days with CAFTA, NAFTA, "big emerging markets," trade tensions and "outsourcing" challenges. What's missing from the story is this:

• Transatlantic markets are the cutting edge of globalization. Globalization is happening faster and reaching deeper between Europe and America than between any other two continents-despite the end of the Cold War, despite tensions over Iraq, despite recessionary challenges.
• These linkages underpin a $3 trillion economy that provides up to 14 million "insourced" jobs on both sides of the Atlantic. Foreign investment, not trade, drives transatlantic commerce, and is fusing U.S. and European economies far more tightly than trade connections.
• The OECD estimates that further transatlantic liberalization could lead to permanent per capita income gains in the United States and Europe of up to 3.5 percent-the equivalent of a full year's income across a working lifetime.
• Deep transatlantic integration, however, can also generate frictions when different systems rub up against each other. Neither Europe nor the United States is equipped to cope.

This new study, made possible by a grant from the DaimlerChrysler Corporation Fund, presents 16 case studies that illustrate the phenomenon of deep transatlantic integration and its implications for a truly free "Transatlantic Market" in such sectors as services, aerospace, civil aviation, biopharmaceuticals, financial markets, automotive and telecommunications, and such controversial policy areas as climate change, corporate governance and chemicals regulation. In each area authors offer important policy conclusions.

The book launch, which is open to the public, will be held in Room 2200 of the Rayburn House Office Building, in Washington, D.C. Members of the public should RSVP to transatlanticRSVP@jhu.edu or 202.663.5730.

To request a copy of the study, please send an email to transatlantic@jhu.edu or fax to 202.663.5879.

Members of the media who want to cover this event must register in advance with Felisa Neuringer Klubes at the SAIS Public Affairs Office at 202.663.5626 or fklubes@jhu.edu. Dennis Fitzgibbons, the media contact for DaimlerChrysler, can be reached at 202.414.6764.