Cover
Title Page
Copyright
Preface
Contents
Figures and Tables
Summary
Acknowledgments
Abbreviations
CHAPTER ONE: Economic Issues in the United States’ Role in the World
Economics and U.S. National Strategy
The Ends of Economics and the Means to Achieve Them
Positive Growth, Productivity, and Financial Conditions
Trouble in the Labor Force
Trouble with Government Finances
Summing Up the U.S. Economy Today
CHAPTER THREE: How the U.S. Economy Connects with the World
International Trade
Foreign Direct Investment
The Energy Revolution
The Federal Reserve
Conclusion
CHAPTER FOUR: The United States’ Economic Standing in the World
Gross Domestic Product and the U.S. Share of the World Economy
Population Trends
World Trade
Foreign Direct Investment
Intellectual Property
The Labor Force
Interpreting Global Economic Trends
CHAPTER FIVE: Strategic Choices Abroad: Maintaining the Liberal Rules-Based International System
The Pillars of the Liberal Rules-Based System
Trade Liberalization
Multilateral Institutions
Liberal Capitalism Versus State Capitalism
Conclusion
CHAPTER SIX: Strategic Choices Abroad: China
Recent Events in China
An Unbalanced Economy
Reaching Out to the World
The U.S.–China Economic Relationship
China and the Mega-Trade Deals
China and International Institutions
A Bilateral Instrument for Working with China
Engaging with China
CHAPTER SEVEN: Strategic Choices Abroad: Supporting Partners and Deterring Unwanted Behavior
Restoring Growth in Allies and Reviving Growth in Unstable Regions
Balancing Sanctions and the Economy
Conclusion
CHAPTER EIGHT: Conclusion: U.S. Policy Choices for the Global Economy
The Rules-Based Global Economic System
The Rise of China
Supporting Partners and Deterring Unwanted Behavior
Paving the Way for the Next Era of Global Growth
References