The Candidates and The World

Transition 2012

A guide to foreign policy and the 2012 U.S. presidential transition.

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Video Brief Roundup: Foreign Aid, Global Economy, and Trade

by Newsteam Staff
December 26, 2012


These videos are from a series with CFR fellows and other experts on vital foreign policy and national security topics that will face President Barack Obama in his second term. They were recorded during the campaign and originally posted as part of the President’s Inbox, a collection of materials on issues that will face the next president beginning next year.

Isobel Coleman on Foreign Aid

Isobel Coleman, director of CFR’s Civil Societies, Markets, and Democracy Initiative says the incoming administration will have to retain the relevancy of U.S. foreign aid programs in an environment where the role of official foreign assistance from governments has dramatically reduced. The next administration will likely continue to shift aid resources away from Iraq and Afghanistan, and away from middle-income countries towards poorer countries, Coleman says.

Click here to view the video on YouTube.

Sebastian Mallaby on the Global Economy

The incoming administration will have to navigate between grand ambition and the realities of the world economy, says CFR international economics expert Sebastian Mallaby. “American share of output is shrinking and America’s power is shrinking,” Mallaby notes, “and looking into the future for the next presidency, it’s likely to fall even more.” As a result, he says, “the name of the game is going to be to form alliances, to work with multilateral institutions, and to walk more softly.”

Click here to view the video on YouTube.

Thomas Bollyky on International Trade

International trade will be an important test of leadership for the incoming administration, says CFR’s Thomas Bollyky. “On one hand, U.S. interests in international trade have never been greater,” he says. As U.S. consumer spending remains sluggish, international trade and access to fast-growing developing markets will drive U.S. economic and employment growth in the future. “On the other hand, however, U.S. popular and political support for the initiatives needed to take advantage of these opportunities has perhaps never been lower,” he says.

Bollyky highlights three opportunities for the president to make progress on international trade efforts: the Trans-Pacific Partnership (TPP) talks, enforcement of trade with China, and liberalization at the World Trade Organization (WTO).

Click here to view the video on YouTube.


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