Prestowitz on Resolving the Global Economic Crisis
Watch Clyde Prestowitz of the Economic Strategy Institute discuss the London G-20 Meeting at the New America Foundation. Prestowitz argues that a resolution of the economic crisis will require a rebalancing of the global economy. But the structural reforms necessary to encourage Americans to save more and consume less on the one hand, and for the export-led emerging economies in Asia to save less and consume more on the other, will be very difficult to achieve. Solving this problem will require creative solutions and deft diplomacy. His presentation begins at the 13:00 minute mark.