Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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October 7, 1999
Trade
The Diminishing Returns to Export-Led Growth
Overview In the 1970s and 1980s, there was a tremendous sea-change in development policy thinking, among both academic economists and policymakers. The inward-oriented, import-substitution strateg…
October 28, 1999
Financial Markets
The American Stock Market as a Financial Risk
Overview Developed nation policymakers will not likely have to deal with a US stock market decline that precipitates a global downturn. Most likely, guided by active, informed markets and sound go…
November 17, 1999
Trade
Who Decides? Congress and the Debate Over Trade Policy in 1934 and 1974
Introduction Governor Adlai E. Stevenson thought trade policy was boring; he once described it as one field where the greatest need is for fresh clichés. He had a point. In the long period that th…
February 17, 2000
Asia
The Perils of Being No.1
Overview The cumulative impact of U.S. global and regional policies and behavior, a broad regional trend of emerging, multi-faceted national self-assertiveness, and regional economic dynamics add …
March 1, 2000
Defense and Security
Economic Strategy and National Security
The years 1998 and 1999 were filled with economic events that illustrated the changing and complex agenda for American foreign policy on the eve of the new millennium. In this volume, former senior m…
