The Smart Globalist's Agenda: A Plan for Responsible U.S. Economic Engagement in the World

The Smart Globalist's Agenda: A Plan for Responsible U.S. Economic Engagement in the World

September 11, 2009
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Since the end of World War II, American leaders have promoted globalization as a force that would automatically raise U.S. and global living standards while also spreading democracy and establishing international peace. Indeed, globalization was seen as largely synonymous with Americanization and became a major element of America's geo-political strategy.

At the present moment, however, just the opposite of all this appears to be the actual case. While globalization has helped tens of millions of people climb out of poverty in countries like India and China, other countries like Mexico have experienced decelerating growth under conditions of greater globalization, and most countries — including the United States — have experienced a growing divide between the few rich who have made great gains in recent years and the vast majority whose incomes have stagnated or fallen.

As this report argues, there are only two ways to temper global capitalism. Either nation states reassert more sovereignty to prevent abuses. Or the regulatory enterprise becomes global. Reform will entail some of each approach.

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