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| Editors: | Sherle R. Schwenninger Walter Russell Mead, Henry A. Kissinger Senior Fellow for U.S. Foreign Policy |
|---|
February 2003
685 pages
ISBN 1402073291
$150.00
The Bridge to a Global Middle Class compiles a unique series of papers originally commissioned by the Council on Foreign Relations in the wake of the financial crises of 1997-98. This thought-provoking retrospective culls the views of economists, international financial institutions, Wall Street, organized labor, and various public-interest organizations on how to fortify the U.S. global financial infrastructure. The effort is the culmination of an eighteen-month study that sought to encourage the evolution of middle-class-oriented economic development in emerging-market countries.
In addressing the world economic problems that led to the crises and examining methods to improve the workings of the world’s financial markets, Council Fellow Walter Russell Mead and Council consultant Sherle Schwenninger offer ideas and policy recommendations, and they suggest the concrete forms these might take in the drive to offer the developing world an improved standard of living.
These papers make a convincing case for middle-class-oriented economic development as the key to global prosperity and stability. U.S. and international policymakers will find these insightful discussions valuable in forming new policy and providing the appropriate stimulus for economic development in emerging economies.
Read the Milken Institute review.
Walter Russell Mead is the Henry A. Kissinger senior fellow for U.S. foreign policy at the Council on Foreign Relations and is one of the country’s leading students of American foreign policy. His book, Special Providence: American Foreign Policy and How It Changed the World, won the Lionel Gelber Prize for the best book in English on international relations in 2002.
Sherle R. Schwenninger is a consultant to the Project on Development, Trade, and International Finance at the Council on Foreign Relations, and a senior fellow at the World Policy Institute at the New School University. He was the founding editor of the World Policy Journal (1983-91) and director of the World Policy Institute from 1992-96.
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