What Role Do Local Leaders Play in the Global Economy?

The global economy seems to be at an inflection point. Geopolitical tensions are mounting across the world, and other governments are questioning the United States’ commitment to the international system it built after World War II. Some experts are pushing for Washington to adopt a new consensus, one that maintains the economic benefits of the past century while acknowledging that an increased U.S. focus on international trade came with severe consequences for millions of Americans; CFR is creating a new initiative to go beyond the New York and Washington bubbles and study what Americans think about U.S. leadership in the global economy.
At the heart of this effort are state and local officials, who have always worked behind the scenes on international issues. In 2022, however, the State Department created a new office to formally bring local leaders into the international fold, and federal legislation created hundreds of billions of dollars’ worth of subsidies for U.S. manufacturing, which have already attracted big investments from overseas.
Read about the RealEcon Initiative.
This episode was originally released by Why It Matters on April 2, 2024.
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Host
Gabrielle Sierra
Podcast Host and Senior Producer
Episode Guests
Matthew P. Goodman
Distinguished Fellow for Global Economic Policy and Director of the Greenberg Center for Geoeconomic Studies
Nina Hachigian
U.S. Special Representative for City and State Diplomacy
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