Customer Reviews

The United States and the World Economy

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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.

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.