This week’s release of continued negative growth in much of the Eurozone means further uncertainty for the economies there. It also marked the latest release of data from the world’s developed economies that show little signs of increased growth on the horizon.
We spoke with former U.S. Secretary of State Condoleezza Rice recently about her view of what the U.S. economy and the global economy need to encourage stronger growth. Among them is a revamped trade policy, according to Rice:
I tend to think that trade policy would help. That if you had a robust effort and free trade agreements for the United States, perhaps another try at a round for the World Trade Organization, that you might be able to stimulate some even export-led growth, which at this point would be welcome.
We also discussed with Rice what the developed economies must do to encourage global growth, and the role of the United States in setting the roadmap for fiscal certainty around the globe. Watch a portion of our interview above.