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Global Economic Strategy

Explaining China’s Falling Current Account Balance

  • By
  • Samuel Sherraden,
  • New America Foundation
December 15, 2011

China’s surplus fell from 10.1% of GDP in 2007 to 5.2% in 2010.  Whether its current account will continue to decline or will return to higher levels seen in the mid-2000s is a subject of considerable disagreement.

Monetary Policy’s Role in America’s Economic Recovery

  • By Joseph Gagnon, Peterson Institute for International Economics
September 6, 2010

At this year’s Jackson Hole conference for central bankers, Fed Chairman Ben Bernanke admitted that the economic recovery so far this year has been “somewhat less vigorous than we expected,” but he expressed hope that the economy would return to a more satisfactory growth rate next year.  Considering that the Fed was already projecting a markedly slower recovery than America experienced after previous deep recessions, the Fed’s economic objectives are far too modest.  Ideally, the US economy should be growing at a 5 percent rate in 2010 and 2011 to recover lost ground and get work

Readying a Plan B for Economic Recovery

  • By Marshall Auerback, Senior Fellow, Roosevelt Institute
September 6, 2010

President Obama, his economics team, and the Chairman of the Federal Reserve continue to display a curiously detached view of the economy.  Just the other day, the president indicated that “it took nearly a decade to dig the hole that we’re in” as if that provided an excuse for the lassitude he continues to display in regard to the problem of unemployment.

Getting Serious About Doubling U.S. Exports

  • By
  • Sherle R. Schwenninger,
  • Samuel Sherraden,
  • New America Foundation
March 17, 2010

Speaking this past week at the Ex-Im Bank, President Obama laid out his strategy for doubling American exports within five years, a goal he announced in his State of the Union Address. Naming it the National Export Initiative, he described the strategy as “an ambitious effort to marshal the full resources of the United States government behind American businesses that sell their goods and services abroad.” The Initiative calls for the creation of an Export Promotion Cabinet, made up of the Secretaries of State, Treasury, Agriculture, Commerce, and Labor along with the United State

How Will Russia's Economy Emerge from the Crisis?

Monday, June 22, 2009 - 2:00pm

On June 22, 2009 Yermolai Solzhenitsyn, Lenny Mendonca, Toby Gati, and Douglas Rediker gathered with Steve Clemons at the New America Foundation to discuss Russia’s economy and the newly released McKinsey Global Institute paper, Lean Russia: Sustaining Economic Growth Through Improved Productivity. This report asserts that future growth within Russia is contingent on new and increased investment and productivity.

Jobs Solutions for Our Jobless Recovery

  • By
  • Leo Hindery,
  • New America Foundation
May 19, 2009

This speech was delivered at The New School on May 19, 2009.

Views on the U.S. economy

Changes in Global Finance Forces Tectonic Policy Shifts

May 11, 2009

The following speech was given by Douglas Rediker for the Truman National Security Project in Washington, DC on May 1, 2009.

Green-shoots and optimism aside, let's agree that no one really knows how the economic crisis will play out or when it will end. There are those who believe that we have reached the bottom and others who believe that we have only reached a "temporary bottom."

Ten National Security Myths

  • By
  • Sherle R. Schwenninger,
  • New America Foundation
  • and Katrina vanden Heuvel
October 6, 2008 |

The Iraq War is a testament to the great damage a foreign policy based on myths, lies and distortions can do to our nation’s security and well-being. As the election draws near, a new set of myths and fallacies as misleading as those that led the Senate to support George W. Bush’s invasion of Iraq have become embedded in our foreign policy discourse. Many of them are being perpetuated by the very same political forces that peddled the myth of mushroom clouds coming from Saddam Hussein’s Iraq.

Douglas Rediker in The New York Times | 'A Fund to Rival Those of Other Governments'

September 22, 2008

The new fund, assuming it is approved by Congress, could pull the United States deeper into a form of capitalism in which the most powerful financial entities are not risk-happy investment banks, but more cautious state-sponsored entities. While not necessarily a third economic way, this general approach presumes that the government -- in addition to the private sector -- plays a crucial role in deciding how best to deploy a nation’s investment capital.

Redressing America's Public Infrastructure Deficit

  • By
  • Bernard L. Schwartz,
  • New America Foundation
June 19, 2008

Chairman, Oberstar, Representative Mica, and Members of the Committee, thank you for inviting me to testify today on the question of "financing infrastructure investments."

Over the past several decades, we have accumulated a sizeable public infrastructure deficit. As a result, a variety of infrastructure bottlenecks-traffic congested roads, clogged ports, and an antiquated air traffic system, to mention just a few-have begun to undercut our economy's efficiency and undermine our quality of life.

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