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What does the slow nature of the economic recovery mean for the future? What can the American and global economies do to expedite growth? Will the debt crisis in Europe spread? Can the emerging markets pull the world economy out of the economic chasm? And what’s the economic outlook for the next five years in America and abroad? Robert Reich answers these critical questions while weaving in his perspective on global economics, finance and politics. In his informative and brilliant presentations, Reich explains what President Obama, Congress and other governments can do to spur growth; why it’s the wrong time to focus on the deficit; and how the slowdown is likely to play out over the next five years. Reich then summarizes the lessons—economic, financial, regulatory and political—likely to emerge from this latest recession and how we can avoid making the same mistakes moving forward.
Robert Reich dissects the big economic challenges Washington policy makers are facing: hastening the recovery, creating jobs, managing the Baby Boomers’ pending retirements (Social Security and Medicare), and coping with the federal deficit. He also explains the key international challenges: improving America’s competitiveness, dealing with Europe’s debt crisis and dealing with an increasingly powerful China. With wide-sweeping knowledge and brilliant wit, Reich explains what’s really at stake, which policy choices are likely to be the most (or least) successful and how the complicated political landscape—with a Congress divided and a reinvigorated second term Obama Administration—will impact Washington’s ability to get things done.
Corporations are headquartered anywhere, brands and franchises circle the globe, and talented employees come from all over the world. The emerging global economy offers unusual opportunities. But it also poses new hazards, and a downturn affects different markets in different ways. Even with the global slowdown, China remains one of America’s largest creditors and is becoming the manufacturing center of the world. India is fast becoming a world center for software development. These two countries will fundamentally alter the way the world does business. Meanwhile, the slow global recovery is obscuring one of the most important demographic and business trends in the world: the development of a new global middle class. This new middle class will create new tensions and difficult negotiations as they drive global economic shifts and place new demands on their governments. Robert Reich will explain these emerging forces and cover how businesses can make the most of the new opportunities while minimizing the hazards, whether the U.S. should care that China and India will displace it as the largest economy and center for high-tech development and how the new global middle class will impact global politics.
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Robert Reich brings his considerable knowledge and experience to the economic policy discussion—both global and domestic.
Reich offers a brilliant and detailed analysis of the current global economic picture, providing insight into the issues of today: the recovery—are the policy responses working, what still needs to be done and what is the five-year outlook?; global austerity measures—are they too little, too late?; emerging markets—will they be the main drivers of economic growth?; jobs—where will the new ones come from and how can we prepare the workforce for them?; health care reform and energy—what are the consequences for the economy? In his latest book, Beyond Outrage: What Has Gone Wrong With our Economy and Democracy, and How to Fix It , Reich lays out the pragmatic solutions that are necessary in addressing the complex issues that America currently faces. One of the nation’s most respected public leaders and thinkers, Reich has served in three national administrations, most recently as secretary of labor under Bill Clinton. In a brilliant and humor-infused “call-it-like-I-see it” presentation, Reich brings his experience and analytic prowess to bear on the economic policies of the Obama administration and the country’s conventional economic wisdom, reaching insightful conclusions others simply can’t.
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