By C. Fred Bergsten, the Institute for International Economics, January 2005

“The Institute for International Economics is a national and international resource, and this is one of its finest efforts.” Lawrence H. Summers 

What are the key foreign economic policy issues facing the United States in the second half of this decade? How can the administration and Congress meet the economic challenges that lie ahead? This new book analyzes the dramatic importance of the world economy to both the domestic prosperity and overall foreign policy of the United States, describes the new global environment (e.g., the rise of China as a global economic superpower and the completion of European unification) in which US policy must operate, and proposes major US initiatives on a wide range of international economic issues, including correction of the huge current account deficit, new trade negotiations, and energy. Individual chapters by senior staff of the Institute on each of the key topics are included.

Read Full Book Online (Divided PDFs)

Book Contents (PDFs):

Preface

Executive Summary

1. A New Foreign Economic Policy for the United States
C. Fred Bergsten

2. The Payoff to America from Global Integration
Scott C. Bradford, Paul L. E. Grieco, and Gary Clyde Hufbauer

3. Uneven Gains and Unbalanced Burdens? Three Decades of American Globalization
J. David Richardson

4. China: The Great New Economic Challenge?
Nicholas R. Lardy

5. The United States and the Large Emerging-Market Economies: Competitors or Partners?
Jan E. Boyer and Edwin M. Truman

6. Sustaining Global Growth while Reducing External Imbalances
Michael Mussa

7. Energy: A Gathering Storm?
Philip K. Verleger Jr.

8. Confronting Current Challenges to US Trade Policy
Jeffrey J. Schott

9. Offshore Outsourcing and the Globalization of US Services: Why Now, How Important, and What Policy Implications
Catherine L. Mann

10. Easing the Adjustment Burden on US Workers
Lori G. Kletzer and Howard Rosen

11. Challenges for US Immigration Policy
Gordon H. Hanson

12. The International Financial Architecture
Morris Goldstein

13. Fostering Development
William R. Cline and John Williamson

References

Glossary

Index

About the Author:

C. Fred Bergsten has been director of the Institute for International Economics since its creation in 1981. He is chairman of the "Shadow G-8," which advises the G-8 countries on their annual summit meetings. He was chairman of the Competitiveness Policy Council, which was created by Congress, throughout its existence from 1991 to 1995 and chairman of the APEC Eminent Persons Group throughout its existence from 1993 to 1995. He was assistant secretary for international affairs of the US Treasury (1977-81); assistant for international economic affairs to the National Security Council (1969-71); and a senior fellow at the Brookings Institution (1972-76), the Carnegie Endowment for International Peace (1981), and the Council on Foreign Relations (1967-68). He is the author, coauthor, or editor of numerous books on a wide range of international economic issues, including The United States and the World Economy: Foreign Economic Policy for the Next Decade (2005), Dollar Overvaluation and the World Economy (2003), No More Bashing: Building a New Japan-United States Economic Relationship (2001), Global Economic Leadership and the Group of Seven (1996), The Dilemmas of the Dollar (2d ed, 1996), and America in the World Economy: A Strategy for the 1990s (1988).

Comments (0)

Show/Hide comments

Name

Email

Website

Title

Comment

smaller | bigger

Add Comment