U.S. policymakers, business owners, and workers are facing some of the most challenging economic conditions in decades. A recession marked by job losses, tightening credit conditions, historic home foreclosure rates, and business closures has generated profound anxiety for American workers, and serious challenges for local, state, and federal officials working to stave off budget cuts and mitigate job losses and business closures.
As policymakers look for innovative ways to help communities and stimulate the economy, a white paper commissioned by the Forum proposes "structural stimulus." That is, new government programs that will not just temporarily boost income or demand, but rather will also address long-standing structural deficiencies in the U.S. economy that impede long-run economic growth. These programs are designed to help American communities prosper from the global economy, and adjust and adapt when challenges and struggles arise.
This research paper is the third in a series sponsored by the Forum that offer innovative policy proposals to help American workers prepare for, adjust to, and benefit from the 21st century global economy.
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Long-awaited free trade agreements signed into law
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Succeeding in the Global Economy: American Communities Prosperity Initiative
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Fact Sheet: Trade as Economic Stimulus (PDF)
20 May 2008
Succeeding in the Global Economy: A New Policy Agenda for the American Worker
26 Jun 2007 • Forum Report
The Financial Services Forum is a non-partisan financial and economic policy organization comprising the CEOs of 18 of the largest and most diversified financial services institutions doing business in the United States.
The purpose of the Forum is to pursue policies that encourage savings and investment, promote an open and competitive global marketplace, and ensure the opportunity of people everywhere to participate fully and productively in the 21st-century global economy.