Trading Places. Peter F. Drucker. National Interest, Spring 2005
The New world economy is fundamentally different from that of the fifty years following World War II. The United States may well remain the political and military leader for decades to come. It is likely also to remain the world's richest and most productive national economy for a long time (though the European Union as a whole is both larger and more productive). But the U.S. economy is no longer the single dominant economy...
The next Democratic president should build on Bill Clinton's legacy of embracing globalization and easing its downsides. This means developing a new system of global economic relations based on American leadership, open markets, engagement with China and other emerging markets, and stronger multilateral regimes to handle transnational challenges such as the environment, labor rights, and the information economy. A new world will need a global New Deal.
Executive summary of a recent book by the Institute of Medicine and National Research Council of the National Academies. The book examines how biotechnologies are enabling previously unimagined applications, specifically examining questions of terrorism and national security.
InFailure to Adjust: How Americans Got Left Behind in the Global Economy, Council on Foreign Relations Bernard L. Schwartz Senior Fellow Edward Alden explains why the political consensus in support of trade liberalization has collapsed, and how to correct the course. The United States has contributed more than any other nation to writing the rules that created the competitive global economy of today, helping support stronger growth in much of the world. Yet successive U.S. administrations have done far too little to help Americans succeed under those rules, says Alden.
During a seemingly successful trip to Asia in November, Barack Obama announced several breakthroughs. Among them was a promise that the United States and Asian nations would proceed toward the Trans-Pacific Partnership, or TPP, a free-trade deal that, if enacted, would create a free trade area with a total gross domestic product of more than $27 trillion.
In light of the recent turmoil in the foreign exchange markets, Benn Steil condenses the arguments of his recent Foreign Affairs article, 'The End of National Currency,' for Canada's leading financial daily.
Many are viewing the UAW-GM strike as Exhibit A for how globalization damages America . Matthew Slaughter argues that America ’s automobile industry is a prime example of the aggregate gains generated by the dynamic and interrelated forces of trade, investment and technological change. He questions how the presidential contenders will craft an American economic policy that both allows greater globalization and also spreads its gains as widely as possible.
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