HOUSE_OVERSIGHT_029824.jpg
1.66 MB
Extraction Summary
1
People
2
Organizations
5
Locations
2
Events
0
Relationships
4
Quotes
Document Information
Type:
Policy paper / article / essay fragment
File Size:
1.66 MB
Summary
This document appears to be a page from a policy paper or essay discussing U.S. international economic strategy. It reviews the historical success of Reagan's economic policies in the 1980s and proposes a new strategy involving strengthening NAFTA ties with Canada and Mexico. It also discusses the risks associated with the Federal Reserve's continued near-zero interest rate policies.
People (1)
| Name | Role | Context |
|---|---|---|
| Reagan | Former US President |
Mentioned regarding his second-term innovations on currency, monetary affairs, and trade which contributed to the end...
|
Organizations (2)
| Name | Type | Context |
|---|---|---|
| Soviet Union |
Mentioned in the context of the Cold War ending.
|
|
| Federal Reserve |
Mentioned regarding its 'continued near-zero interest-rate policy'.
|
Timeline (2 events)
1980s
Locations (5)
| Location | Context |
|---|---|
|
Subject of the economic strategy discussion.
|
|
|
Mentioned as a partner in the North American Free Trade Agreement.
|
|
|
Mentioned as a partner in the North American Free Trade Agreement.
|
|
|
Mentioned regarding rising wages in industries.
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Mentioned at the end of the text regarding central bank tools.
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Key Quotes (4)
"Reagan advanced a new international system to match the revival of capitalism after the oil shocks and stagflation of the 1970s."Source
HOUSE_OVERSIGHT_029824.jpg
Quote #1
"The new U.S. international economic strategy should have five parts."Source
HOUSE_OVERSIGHT_029824.jpg
Quote #2
"First, this country should strengthen its continental base by building on the North American Free Trade Agreement with Canada and Mexico."Source
HOUSE_OVERSIGHT_029824.jpg
Quote #3
"Second, the extraordinary monetary policies of late, led by the Federal Reserve's continued near-zero interest-rate policy, are taking us into uncharted territory."Source
HOUSE_OVERSIGHT_029824.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (1,299 characters)
Reagan's second-term innovations on
currency and monetary affairs, trade, debt
and development. Reagan advanced a
new international system to match the
revival of capitalism after the oil shocks
and stagflation of the 1970s. America's
success in the 1980s contributed both to
the end of the Cold War, by persuading
the Soviet Union it could not keep up,
and to two decades of exceptional global
growth.
The new U.S. international economic
strategy should have five parts. First, this
country should strengthen its continental
base by building on the North American
Free Trade Agreement with Canada and
Mexico. Together, the three partners
could boost energy security, improve
productivity, and give North Americans
an edge in manufacturing and other
industries that are already experiencing
rising wages in East Asia. A politically
acceptable immigration policy, and a
push for educational innovation using
new technologies and competition, could
lead to a more prosperous, populous,
integrated and democratic future for the
hemisphere.
Second, the extraordinary monetary
policies of late, led by the Federal
Reserve's continued near-zero interest-
rate policy, are taking us into uncharted
territory. Central banks have tried most
every tool to stimulate growth; if Japan is
currency and monetary affairs, trade, debt
and development. Reagan advanced a
new international system to match the
revival of capitalism after the oil shocks
and stagflation of the 1970s. America's
success in the 1980s contributed both to
the end of the Cold War, by persuading
the Soviet Union it could not keep up,
and to two decades of exceptional global
growth.
The new U.S. international economic
strategy should have five parts. First, this
country should strengthen its continental
base by building on the North American
Free Trade Agreement with Canada and
Mexico. Together, the three partners
could boost energy security, improve
productivity, and give North Americans
an edge in manufacturing and other
industries that are already experiencing
rising wages in East Asia. A politically
acceptable immigration policy, and a
push for educational innovation using
new technologies and competition, could
lead to a more prosperous, populous,
integrated and democratic future for the
hemisphere.
Second, the extraordinary monetary
policies of late, led by the Federal
Reserve's continued near-zero interest-
rate policy, are taking us into uncharted
territory. Central banks have tried most
every tool to stimulate growth; if Japan is
HOUSE_OVERSIGHT_029824
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