United States and the World Economy in the Next Decade U.S. Foreign Economic Policy

Author: C. 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.
Lauren H. Summers, former U.S. Treasury Secretary, current President of Harvard University: Currently, severe global security issues should not blind us to the challenges facing the U.S. economy on the global stage. This book provides authoritative insights into these critical issues and offers thought-provoking solutions. The International Economic Institute 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 Executive Vice President of the IMF: The International Economic Institute, led by C. Fred Bergsten, is truly a think tank. The book it has produced offers important and creative policy recommendations for U.S. foreign economic policy. Policy decision-makers 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 reference this book.
Paul Volcker, former Chairman of the U.S. Federal Reserve: How the U.S. and other countries can move beyond complacency and engage in constructive actions to address major global economic challenges is a challenging topic that C. Fred Bergsten and the highly respected analysts at the International Economic Institute have thoroughly explored in this book. Whether one agrees with the specific policy recommendations in the book or not, the call for prompt action by the author must not be ignored. My colleagues at the International Economic Institute and I 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 immense significance. The book focuses on the role of the U.S. in the global economy and the policies the U.S. should adopt in this regard—issues that Chinese readers should be particularly concerned about. In fact, the book attempts to provide a comprehensive agenda for the global economic challenges 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 besides the U.S. to be given a chapter, which is Chapter 4 of the book. This chapter was 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 own 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 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 mind.