×

Uh-oh, it looks like your Internet Explorer is out of date.

For a better shopping experience, please upgrade now.

The Long-Term International Economic Position of the United States: Special Report 20
     

The Long-Term International Economic Position of the United States: Special Report 20

by C. Fred Bergsten
 

ISBN-10: 0881324329

ISBN-13: 9780881324327

Pub. Date: 06/28/2009

Publisher: Peterson Institute for International Economics

This Special Report looks at the long-run prospects for the international economic position of the United States, with particular focus on the likely evolution of the current account deficit and prospective foreign financing for it. Its goal is to provide a fundamental framework for the development of US fiscal and other economic policies, especially including

Overview

This Special Report looks at the long-run prospects for the international economic position of the United States, with particular focus on the likely evolution of the current account deficit and prospective foreign financing for it. Its goal is to provide a fundamental framework for the development of US fiscal and other economic policies, especially including responses to the global financial and economic crisis of 2008—09. The central message is that the long-run outlook is extremely worrisome and potentially very costly—in foreign policy/national security as well as economic terms. As the country (and the world) emerges from the global crisis, and even in fashioning policy responses to the crisis itself, it will be essential to keep the long-run considerations firmly in mind. This will require early and decisive policy actions, perhaps even in tandem with the near-term stimulus and housing initiatives, to address the ever-escalating costs of the major entitlement programs, Social Security and especially Medicare/Medicaid, and thus the country's overall fiscal position.

Product Details

ISBN-13:
9780881324327
Publisher:
Peterson Institute for International Economics
Publication date:
06/28/2009
Edition description:
New
Pages:
83
Product dimensions:
5.80(w) x 8.90(h) x 0.30(d)

Table of Contents

Preface v

1 Introduction: The Global Crisis and the International Economic Position of the United States C. Fred Bergsten 1

2 Long-Term Fiscal Imbalances, US External Liabilities, and Future Living Standards William R. Cline 11

3 International Capital Flows and the Sustainability of the US Current Account Deficit Catherine L. Mann 35

4 National Security Risks from Accumulation of Foreign Debt Adam S. Posen 65

Appendix A Conference Attendees 73

About the Contributors 75

Index 79

Customer Reviews

Average Review:

Post to your social network

     

Most Helpful Customer Reviews

See all customer reviews