International Finance

Transcript Speaker: Anand Sharma
Presider: Carla A. Hills

As India's economy continues its strong rebound from the global economic and financial crisis at the same time that the United States faces high unemployment, fears about a double dip recession, and slower growth, the U.S.-India relationship has become increasingly important for policymakers and businesses in both countries. U.S. Secretary of State Hillary Clinton  recently noted that the United States is "laying the foundation for an indispensable partnership. President Obama will use his visit in November to take our relationship to the next level." What are the next steps in the U.S.-India economic relationship? How does India's economic progress shape its global outlook? Where are the domestic and international business opportunities in India? Please join Minister Sharma as he shares his views on India's economy and role in global economic issues, including India's free trade agreements; the rising profile of trade in India's growth story; the U.S.-India economic relationship; and expectations for President Obama's visit.

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Op-Ed Authors: Benn Steil and Paul Swartz
Financial News

Benn Steil's August column in Dow Jones' Financial News, co-authored with Paul Swartz, examines the cost of global imbalances from the perspective of the world's leading holders of foreign exchange reserves, China and Japan.

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Op-Ed

Lessons From the 1930s for a Rising Renminbi

Author: Benn Steil
Financial Times

Benn Steil's op-ed in the June 23rd edition of the Financial Times explains why FDR's Treasury in the 1930s cajoled the Chinese to peg to the dollar, in stark contrast to Obama's Treasury today, which wants the peg ended.  The ambition the two administrations shared is a weaker dollar.

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Op-Ed Authors: Benn Steil and Paul Swartz
Financial News

Benn Steil's June column in Dow Jones' Financial News, co-authored with Paul Swartz, shows how mass Russian and Chinese selling of Fannie and Freddie debt in 2008 severely exacerbated the financial crisis.  Contrary to the arguments of Fed Chairman Ben Bernanke and others, they show that there are very real dangers inherent in America's outsized reliance on foreign government financing.

See more in International Finance; Budget, Debt, and Deficits; United States