Joseph Nye Jr. rebuts Fareed Zakaria's essay for Time, asserting that America is not doomed for economic decline.

Gideon Rachman, chief foreign affairs commentator at Financial Times, and Joseph S. Nye Jr., university distinguished service professor at Harvard Kennedy School, discuss new variables that are changing America's foreign policy strategies including the diffusion of power as technology empowers nonstate and nongovernmental actors, as well as the power transition from West to East.

Gideon Rachman, chief foreign affairs commentator at Financial Times, and Joseph S. Nye Jr., university distinguished service professor at Harvard Kennedy School, discuss new variables that are changing America’s foreign policy strategies including the diffusion of power as technology empowers nonstate and nongovernmental actors, as well as the power transition from West to East.

Analyst Joseph S. Nye Jr. says the Obama administration's emphasis on multilateralism raises the prospects for dealing with Iran effectively on its nuclear program but expects no diplomatic breakthroughs in the short term.

Leslie Gelb's skepticism of "smart power" is misguided; it is only by combining the strategies of both hard and soft power that the United States can achieve its ends.

How does the U.S. financial system contribute to US power?  Is the U.S. in danger of losing its pre-eminence in global finance? Is the dollar's status as a reserve currency under pressure, and does that affect the U.S. ability to lead global responses to world financial crises?

Watch experts discuss past global financial and monetary policies during financial crises and actions that governments today might take to respond to current crisis.

This session was part of the Stephen C. Friedheim Symposium on Global Economics: Financial Turbulance and U.S. Power, which was made possible through the generous support of Stephen C. Feidheim.

Listen to experts discuss past global financial and monetary policies during financial crises and actions that governments today might take to respond to current crisis.

This session was part of the Stephen C. Freidheim Symposium on Global Economics: Financial Turbulence and U.S. Power, which was made possible through the generous support of Stephen C. Freidheim.

This report outlines the findings of a bipartisan panel of Asia specialists co-chaired by Richard L. Armitage and Joseph Nye. The report highlights major trends in Asia and provides the panel's comprehensive analysis with security and economic policy recommendations.