What exactly is globalization, and should its effects be cheered or jeered? How have developing countries fared under globalization's new dispensation, and what if anything can be done to help them prosper? How are states and firms reacting to the new pressures placed on them? Should the international economic architecture be reformed in response?
Jagdish Bhagwati applies his characteristic wit and accessible style to the subject of globalization in this collection of public policy essays.
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.
Economists Albert Fishlow and Karen Parker show that there is no simple link between the forces of globalization and increased wage inequality, either in the United States or in several other countries.
The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.
Thomas Glocer shares his views on globalization, financial reform, and corporate social responsibility, as well as his own experiences leading a global corporation.
8:00 to 8:30 AM Breakfast Reception
8:30 to 9:45 AM Session One
Currency Wars, Capital Controls, and the Outlook for the International Monetary System
Ajay Shah, Professor, National Institute for Public Finance and Policy, New Delhi
Benn Steil, Senior Fellow and Director of Interntional Economics, Council on Foreign Relations; Author, Money, Markets, and Sovereignty
Alan M. Taylor, Senior Advisor, Morgan Stanley; Professor of Economics and Director of the Center for the Evolution of the Global Economy, University of California, Davis
Presider: Sebastian Mallaby, Director, Maurice R. Greenberg Center for Geoeconomic Studies, and Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations; Author, More Money Than God: Hedge Funds and the Making of a New Elite
10:00 to 11:00 AM Session Two Keynote
Lawrence Summers, Director, National Economic Council; Former Secretary of the Treasury, U.S. Department of the Treasury
Presider: Tim W. Ferguson, Editor, Forbes Asia
11:15 AM to 12:30 PM Session Three
Trade Tensions: Challenges and Opportunities After the Midterm Elections
Charlene Barshefsky, Senior International Partner, WilmerHale; Former U.S. Trade Representative
Jagdish Bhagwati, Senior Fellow for International Economics, Council on Foreign Relations; Professor of Economics and Law, Columbia University; Author, In Defense of Globalization and Termites in the Trading System: How Preferential Agreements Undermine Free Trade
Douglas A. Irwin, Robert E. Maxwell '23 Professor of Arts and Sciences, Department of Economics, Dartmouth College; Author, Free Trade Under Fire
Presider: Edward Alden, Bernard L. Schwartz Senior Fellow, Council on Foreign Relations; Former Washington Bureau Chief, Financial Times
7:45 – 8:00 a.m. Breakfast
8:00 – 9:15 a.m. Meeting
In this Special Edition of the World Economic Update, the panel will depart from its usual agenda of assessing near-term developments and instead consider some of the broader global economic trends and longer-term prospects that are setting the terms of current policy debate, including the impact on jobs and wages, the changing role of China in the world economy, and the backlash against globalization. In addition to regular partipants Stephen Roach and Daniel Tarullo, the panel will include two distinguished academic economists with government policy experience -- Alan Krueger of Princeton and Matthew Slaughter of Dartmouth.
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.
With a majority of the American public now saying that they view U.S. global power and influence as being in decline, CFR President Richard N. Haass and Pew Research Center President Alan Murray sit down to discuss the latest "America's Place in the World" survey.
The C. Peter McColough Roundtable Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.
Williams argues that the status quo for peace operations in untenable and that greater U.S. involvement is necessary to enhance the quality and success of peacekeeping missions.
The authors argue that the United States has responded inadequately to the rise of Chinese power and recommend placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
Campbell evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Red Team provides an in-depth investigation into the work of red teams, revealing the best practices, most common pitfalls, and most effective applications of these modern-day devil's advocates. More
Ashley's War tells the poignant and gripping story of a groundbreaking team of female American warriors who served alongside Special Operations soldiers in Afghanistan. More
Smith's insightful book explores the policy issues testing the Japanese government as it tries to navigate its relationship with an advancing China. More
Learn more about CFR’s mission and its work over the past year in the 2015 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass.
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