Transitioning to a New U.S. International Economic Policy: Toward a ‘Global Deal’ to Revive and Broaden the Benefits of Growth

Instead of expending scarce political capital on economically marginal free trade agreements, the new administration should focus on retooling and realigning the full spectrum of international aid, trade, and monetary policies so that they collectively serve to strengthen aggregate demand worldwide by building a larger, more prosperous global and US middle class.