The Global Economic Crisis

Aspen Policy Books is a series devoted to developing new thinking on U.S. national security policy. This book, a collection of papers prepared for the 2009 summer Aspen Strategy Group conference, addresses the critical intersection of the global financial recession and its potential impact on America's foreign policy and national security. The authors explore the possible shift in global power, the changing relationship between the U.S. and China, and the impact on America's development policy. They also assess the capacity of domestic and international institutions to respond to the crisis.ContentsPart 1: Historical Perspectives and Current Conditions1. Economic Conditions and U.S. National Security in the 1930s and Today2. Pulling Back from the Crisis: A Roadmap for the Future of the American EconomyPart 2: Predictions on the Course and Extent of the Global Economic Crisis and Its Larger Implications3. Global Recession and National Security4. Rebalancing Economic Engagement: The Foreign Policy Consequences5. Sustaining the Recovery and Containing the Deficit: A Balancing Act for PolicyPart 3: Are Institutions Ready for the Challenge?6. Interdependence, Global Issues Management, and Global Economic Governance7. Picking up the Pieces: The Global Crisis and Implications for U.S. Economic PolicymakingPart 4: Consequences for Development and Democracy8. Priorities for Progress: Security and Development at a Time of GlobalEconomic Turmoil9. The Impact of the Global Financial Crisis on DemocracyPart 5: Concluding Observations10. Summary of the Aspen Strategy Group DeliberationsContributors include Richard Cooper (Harvard University), Kemal Dervis (Brookings Institution), Martin Feldstein (Harvard University), Michael Green (Center for Strategic and International Studies), David Leonhardt (New York Times), Sylvia Mathews Burwell (Bill and Melinda Gates Foundation), David McCormick (Carnegie Mellon's Heinz College), Laura Tyson (University of California–Berkeley), and Bruce Stokes (National Journal).