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Global Reach

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August 16th 2012:Prescription for Long-term Sustainable Growth (Part One) : Shared Prosperity versus Austerity Economics

Mitt Romney’s choice of Paul Ryan as his running mate highlights two antithetical approaches to growth: austerity economics vs shared prosperity. The same argument is raging between German Chancellor Merkel and French President Hollande. Proponents of “Austerity Economics” blame government spending & deficits. Just slash government programs & taxes on the wealthy, get government out of the way & give business free rein, then gains at the top will drive gains for all. Champions “Prosperity Economics” argue the only way achieve sustainable growth is to build an economy where benefits are widely

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Charles E.M. Kolb

Charles Kolb was President of the French-American Foundation—United States, located in New York City, from August 2012 until August 2014. The French-American Foundation is the only non-governmental organization in the United States dedicated specifically to strengthening the relationship between the two countries. It does so by bringing together leaders, policymakers and a full range of professionals to exchange views, share best practices, and consider how each country might benefit from the expertise and experience of the other. Prior to joining the French-American Foundation, he was President of the Committee for Economic Development (CED) from 1997 to 2012 and served as General Counse
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