The United States and the World Economy [Paperback]

C. Fred Bergsten (Editor)

Book Description

ISBN-10: 0881323802 | ISBN-13: 978-0881323801 | Publication Date: January 24, 2005

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.

Editorial Reviews

Review

". . . packed with innovative ideas about US foreign economic policy. US and foreign policymakers should read and draw on it." -- Stanley Fischer

". . . the call to action simply must not be ignored." -- Paul Volcker

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

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).

Product Details

• Paperback: 454 pages
• Publisher: Peterson Institute (January 24, 2005)
• Language: English
• ISBN-10: 0881323802
• ISBN-13: 978-0881323801
• Product Dimensions: 8.9 x 5.9 x 1 inches
• Shipping Weight: 1.4 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,085,938 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

5 of 5 people found the following review helpful:

5.0 out of 5 stars What America needs to do both at home and abroad, June 5, 2005

By 

Midwest Book Review (Oregon, WI USA) - See all my reviews

This review is from: The United States and the World Economy (Paperback)

The director of the Institute for International Economics presents The United States and the World Economy: Foreign Economic Policy for the Next Decade, a scholarly and extensively researched but nonetheless emphatic treatise concerning what America needs to do both at home and abroad to adapt and profit from the ongoing transformations of an increasingly global economy. From stressing the urgency to reduce the budget deficit - a problem that has America dependent on foreign investments that are at risk of being pulled - to the need to persuade China and other Asian countries to stop blocking currency realignment, to the need to sell off oil reserves as needed and implement a substantial gasoline tax to force a reduction of US energy demand, and much more, The United Stats and the World Economy does not shy from presenting difficult yet possible solutions to highly complex problems. An absolute "must-read" for economists; regardless of whether one agrees or disagrees with the recommendations proffered, the current and impending troubles of adapting to globalization are unquestionably real and can be ignored only at America's peril.

5.0 out of 5 stars excellent synopsis of key economic sector s and their problems, June 2, 2008

By 

BCEconMed "Peter" (Tampa) - See all my reviews

This review is from: The United States and the World Economy (Paperback)

a very nice review of our economy and how it integrates with the world. explores key sectors of the economy and what problems our country faces in each. the author is pro free trade and so therefore only presents one side of the argument as to how to fix our economy. i dont think the steel workers in pennsylvania would agree with everything he has to say, and i have some reservations too (i am not a steelworker however, and my job cannot be exported). overall a nice relatively concise pro free trade review.