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Session 8: Manufacturing Initiatives: Weighing the Costs and Benefits
Previous Session | Program | Next Session
At least one Democratic candidate has called for an American industrial policy and the Bush Administration seems to have embraced some elements of industrial policy--for example, trade actions that offer protection to the steel and textile industries, and the creation of the position of “manufacturing czar” in the Department of Commerce. Is a consensus emerging on the need for policies that favor, protect, or encourage specific industries, their shareholders, and their workers? Our speakers will address these issues.
Session Presentations
Kristin Forbes slides | Kristin Forbes speech (at whitehouse.gov) PDF
Links of Interest
- CEA: Economic Report of the President
- Kristin Forbes Home Page
- The American Prospect
- Economic Policy Institute
Speakers
James Meil, Chief Economics, Eaton Corporation, presiding
Kristin Forbes
Member
Council of Economic Advisers
Kristin
Forbes was confirmed by the Senate as a Member of the President’s Council
of Economic Advisers in October of 2003. She is the youngest person to
ever hold this position. Forbes is on leave from the Massachusetts Institute
of Technology's Sloan School of Management, where she is the Mitsubishi
Career Development Chair and Associate Professor of International Management.
During 2001-2002 Forbes worked in the U.S. Treasury Department as the
Deputy Assistant Secretary of Quantitative Policy Analysis, Latin American
and Caribbean Nations. At the start of 2003 she was honored as one of
the “Global Leaders for Tomorrow” as part of the World Economic Forum
at Davos.
Forbes’ research addresses a number of important policy-related questions in international finance and development economics. Her recent work examines the impact of capital controls on investment decisions, as well as the effect of currency depreciations and financial crises on companies around the globe. Forbes has also written extensively on stock market contagion (such as the paper “No Contagion, Only Interdependence: Measuring Stock Market Comovements,” Journal of Finance, 2002) and recently co-edited a book International Financial Contagion (2001). Forbes’ other research explores the relationship between income inequality and economic growth, such as the article "A Reassessment of the Relationship Between Inequality and Growth" (American Economic Review, 2000). Forbes was awarded the Milken Award for Distinguished Economic Research in 2000.
Forbes is currently a faculty research fellow at the National Bureau of Economic Research. She was honored as Sloan School of Management's "Teacher of the Year" in 2001. She has recently been a visiting scholar at the U.S. Federal Reserve Board, Indian Council of Research on International Economic Relations (ICRIER) and International Monetary Fund (IMF). Prior to joining MIT, Forbes worked in the investment banking division at Morgan Stanley, in the policy research department at the World Bank, and in the economics group at Fleet Financial Institutions.
Forbes received her PhD in Economics at MIT in 1998, where she won the Solow Prize for excellence in teaching and research. She obtained her BA, summa cum laude with highest honors from Williams College in 1992.
Books: International Financial Contagion (editor)
Robert Kuttner
Co-Editor
The American Prospect
Robert Kuttner is co-founder and co-editor of The American Prospect. He writes regularly for the magazine about a variety of issues, often focusing on domestic and international economic policy.
Bob is the author of six books: Everything for Sale: The Virtues and Limits of Markets (1997); The End of Laissez-Faire (1991); The Life of the Party (1987); The Economic Illusion (1984); Revolt of the Haves (1980); and Family Re-union (2002), co-authored with his late wife, Sharland Trotter. He is working on a new book on deregulation and the stock market collapse.
He is one of five contributing columnists to Business Week's "Economic Viewpoint." His weekly editorial column originates in The Boston Globe and is syndicated nationally to about 20 major daily papers. It appears Thursdays on the Prospect website.
He has contributed major articles to The New England Journal of Medicine as a national policy correspondent. His work has also appeared in The New York Times Magazine and The New York Times Book Review, The Atlantic Monthly, The New Republic, The New Yorker, Dissent, and Harvard Business Review. His occasional commentaries are heard on National Public Radio. He has also appeared frequently on Firing Line, Crossfire, Nightline and the PBS News Hour.
Bob has taught at Brandeis University, Boston University, the University of Massachusetts and Harvard University's Institute of Politics. He has been a John F. Kennedy Fellow at Harvard, a Woodrow Wilson Fellow at the University of California at Berkeley, a Guggenheim Fellow, and a Radcliffe Public Policy Fellow. His editorial column was the winner of the John Hancock Award for excellence in business and financial journalism. Bob also received the Jack London Award for labor journalism.
He is one of five co-founders of the Economic Policy Institute, and serves on its board. He was the 1996 winner of the Paul Hoffman Award for Human Development of the United Nations, for his work on the relationship of economic efficiency to social equality. His book Everything for Sale was the 1997 winner of the Sidney Hillman Award.
Previously, he served as economics editor of The New Republic, chief investigator for the Senate Committee on Banking, Housing and Urban Affairs, a national staff writer at The Washington Post in the Watergate era, and executive director of President Carter's National Commission on Neighborhoods. Earlier in his career, he worked as assistant to I.F. Stone, as a correspondent, program director and station manager for Pacifica Radio, and as Washington Editor of the Village Voice.
Bob Kuttner was educated at Oberlin College, the University of California at Berkeley and the London School of Economics. He has an honorary doctorate from Swarthmore College.
He is married to Joan Fitzgerald, an urban planner who directs the program on law, policy and society at Northeastern University. He is the father of two grown children, Gabriel, who is an actor in London; and Jessica who works as a counselor for troubled teens at a Massachusetts residential school.
National Association for Business Economics
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