Michael Spence writes that slowing growth puts Chinese authorities in the tricky position of shifting their economy from a growth model based heavily on public investment-led growth to a growth model that mixes more domestic consumption with higher-yielding forms of investment.
A prosperous agriculture sector is incredibly important for a vibrantrural America, and for the health of the entire American economy. The heartland of this country holds the best of what has made our country great and the dreams of what America can grow to be in the future. But it is not only ourcore values that thrive in our small towns and family farms; our economy does as well, when hardworking men and women are supported by sound policies that promote growth while minimizing unnecessary interference from Washington bureaucrats.
President Obama proposed this plan with specific legislative proposals and executive actions, on July 17, 2012. His plan is based on the Advanced Manufacturing Partnership's 2012 report, Capturing Domestic Competitive Advantage in Advanced Manufacturing.
The President's Council of Advisors on Science and Technology adopted the recommendations of the Advanced Manufacturing Partnership (AMP) Steering Committee in July 2012. This report builds on the 2011 AMP report, Ensuring American Leadership in Advanced Manufacturing.
Janet Cowell and Roland Stephen discuss the decline in manufacturing in North Carolina and across the United States, and offer policy recommendations to help states better respond to global competition.
North Carolina, which was struck harder by the loss of manufacturing than any other state, offers a realistic guide for communities across the United States with how best to adapt to this new era of growing international competition.
As Barack Obama's push for a growth-boosting infrastructure boom becomes bogged down in political divisions over federal spending, a stalling recovery makes action increasingly urgent, writes Anna Fifield in the Financial Times.
Many low-paying jobs have moved from the United States to rapidly growing markets abroad, and higher-paying jobs may soon follow. While Americans benefit from cheaper goods, employment opportunities have diminished. Policymakers should address this trade-off as a first step toward tackling questions of inequality and economic distribution.
Speakers: Eswar Prasad, Peter Schiff, and Shang-Jin Wei Presider: Joyce Chang
Experts outline variables such as nominal exchange rates, foreign exchange interventions, and macroeconomic imbalances as contributing factors affecting the trade relations between China and the United States.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.