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Relations between the US and Egypt have taken a downturn since Egyptian authorities raided the offices of seventeen nongovernmental organizations in December - three of them US-funded. Michele Dunne, director of the Atlantic Council's Rafik Hariri Center for the Middle East, spoke on NPR's Morning Edition about the situation and what it means for US aid to Egypt.
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The South Asia Center receives guidance and support from many experts throughout the world. Our senior fellows, guest-speakers, Center patrons, and visitors contribute heavily to the Center’s mission to “wage peace,” and engage the international community in the region. The Center asked our contributors the simple, but key question, “What you do expect in 2012?”
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Tim Adams on China and the Global Economic Recovery
June 18, 2009
Tim Adams, Managing Director of the Lindsey Group and former Under Secretary of Treasury for International Affairs, spoke about the role of China in the global economic recovery for an Atlantic Council conference call. Adams is a member of the Council's Board of Directors and its Business and Economics Advisors Group.
His call was part of the Mapping the Economic and Financial Future Series, a lecture series featuring high-level business leaders and economic policymakers from the U.S. and Europe hosted by the Atlantic Council’s Global Business and Economics Program. Alexei Monsarrat, Director of the Global Business and Economics Program, moderated the discussion.
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| Tim Adams |
Having just returned from China, Adams addressed in candid detail the challenges of the financial crisis and the possibility of Chinese economic growth driving the recovery. He focused the discussion on the sustainability of recent Chinese growth and its effects on both the U.S. and global recovery.
Adams also provided insight into U.S. Treasury Secretary Timothy Geithner’s recent visit to China and his calls for the U.S. and China to work together towards “a more balanced and sustainable global recovery [requiring] changes in the composition of growth in our two economies,” and for China to make a “substantial shift from external to domestic demand.”
In the face of a global recession and shrinking demand, economists and policymakers are questioning the sustainability of China’s export-led growth model. Yet, eonomic data released on June 1 show that manufacturing activity in China has expanded for the third consecutive month. Moreover, there are signs that Beijing’s $586 billion stimulus is helping to stoke a recovery and increase domestic demand. The major stock market indices in Hong Kong and Shanghai have also jumped back from March’s lows at a much faster pace than their European and U.S. counterparts. As Chinese economic growth picks up steam, U.S. markets are looking increasingly to China’s strength to continue the rally and lead the world out of recession.
Full Transcript
Podcast (MP3, 1 hour):
Related Atlantic Council Economic Analysis:
- Nancy Birdsall: Congressional Testimony on the Financial Crisis
- Tim Adams: Congressional Testimony on the G20
- G20 Report: Stimulus and Regulation Compromise Needed
Mapping the Economic and Financial Future Series:
- EU Commissioner Charlie McCreevy: Regulating Financial Markets in Crisis
- Youssef Boutros Ghali Discusses IMF, Economic Crisis
- Josef Ackermann on the Global Economic and Financial Crisis
- Kroes Speaks on Economic Crisis
The Mapping the Economic and Financial Future Series is generously supported by Deutsche Bank.
Photo credit: ericstone.com. Adams photo credit: Wikipedia.
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Counter-Piracy Task Force: Strategic Approaches to the Piracy Challenge
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