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The Transatlantic Orientation Exchange/Multiplikatorenschulung im transatlan-tischen Austausch is a collaboration between volunteers and staff in both the US and German AFS organizations. The goal of the project is to increase the level of intercultural learning of German and US secondary education exchange participants and their host families. Germany and the US are among the largest country groups in mutual exchanges within the network: every year around 450 American families host a student from Germany and around 100 German families welcome somebody from the USA. The project was conceived in part as a result of a paradigm shift within AFS in which participants and host family members are now viewed as equal partners in the intercultural learning process. The material presented in this paper was developed in a dialogue process between the work groups in both countries who met virtually and in person multiple times over the course of the project. This construct allowed for group members to engage in a parallel process of intercultural learning and discovery as they identified and applied to their own experience the concepts that would be useful to host families and participants in their respective countries. [ABSTRACT FROM AUTHOR]

Regional financial arrangements and monetary integration in East Asia and Europe have made considerable progress in recent years. This paper discusses whether governments in both regions, Japan and Germany as the most advanced regional economies in particular, can use the new dynamics as levers to raise their status vis-à-vis the United States. It will be argued that activities are defensive rather than offensive, aiming at protecting the respective region from financial risk. Japan, in particular, would find it difficult to raise its status vis-à-vis the United States significantly by promoting regional financial and monetary integration, principal reasons being actor heterogeneity, the role of China, hesitation to bear burden and risk, and the historical legacy of a bank-oriented system. [ABSTRACT FROM AUTHOR]