United States and the World Economy

Author: Fred Bergsten (USA)
Publisher:
Publish Date: 2005-09-01
Features: Authoritative views on U.S. foreign economic policy. In-depth analysis of the current global economic landscape and situation. Systematic elaboration on key issues in the global economy and finance.
Lawrence H. Summers, former U.S. Treasury Secretary, current President of Harvard University: Currently, the severe global security issues should not blind us to the challenges facing the U.S. economy. This book provides authoritative insights into these critical issues and offers thought-provoking solutions. The International Economic Institute (IEI) is a renowned research institution in the U.S. and globally, and this book is one of its most outstanding achievements.
Stanley Fischer, former Chief Economist of the World Bank and former Managing Director of the IMF: The International Economic Institute led by Fred Bergsten is truly a think tank. The book it has produced offers important and creative policy recommendations for U.S. foreign economic policy. Policymakers in the U.S. and other countries, as well as anyone concerned with improving the well-being of people in the U.S. and its economic partners, should read and refer to this book.
Paul Volcker, former Chairman of the U.S. Federal Reserve: How can the U.S. and other countries move beyond complacency and engage constructively in addressing major global economic challenges? This is a challenging topic that Fred Bergsten and the distinguished analysts at the International Economic Institute have thoroughly explored in this book. Whether one agrees with the specific policy recommendations or not, the call for prompt action must not be ignored. I and my colleagues at the International Economic Institute believe that the publication of the Chinese translation of U.S. and the World Economy: U.S. Foreign Economic Policy in the Next Decade is of great significance. The book focuses on the role of the U.S. in the global economy and the policies it should adopt in this regard, which should also be a matter of great concern for Chinese readers. In fact, the book attempts to provide a comprehensive agenda for the global economic issues now facing all countries, which should help China and other nations better understand some of the most important and complex challenges they face. Many parts of the book are directly relevant to China. China is the only country other than the U.S. to be given a chapter, which is Chapter 4 of the book. This chapter is written by Nicholas Lardy, a senior researcher at the institute and a globally renowned expert on China's economy. A quick glance at the "Index" will reveal that China is the most frequently mentioned country. In my concluding chapter discussing the "New Global Context" of international economic policy, I emphasize China's central role in the world economy in the 21st century. Many of my own policy recommendations, as well as those in other chapters of the book (e.g., the policy recommendations in Chapter 5, "Large Emerging Market Economies"), stress the need for China to quickly assume a core leadership role in managing global economic affairs.
The book explores the current economic and financial imbalances in the U.S. and the global economy as a key issue, proposing several economic and financial policies. It particularly focuses on the U.S. foreign economic and financial policies, with a broad perspective and grand writing style. When you open the book, U.S. policy recommendations are in the text, global economic and financial dynamics are beyond the text, and China's economic and financial issues are deeply on the heart.