Cover -- Contents -- Preface -- 1 C. Fred Bergsten: Intellectual Entrepreneur -- Evangelist for the Open Economy -- The Happy Cassandra -- Star Player, Team Leader -- Observations: C. Fred Bergsten, the Man and His Institute -- 2 Constant Ends, Flexible Means: C. Fred Bergsten and the Quest for Open Trade -- Recurrent Themes -- The Institute Years -- Looking Ahead: Will the Same Patterns Persist? -- 3 Trade Policy at the Institute: 25 Years and Counting -- Rampant Globalization -- Multilateral Trade Negotiations -- Bilateral and Regional Trade Negotiations -- The US Free Trade Coalition Splinters -- The Next 25 Years -- 4 Economic Sanctions and Threats in Foreign and Commercial Policy -- Economic Sanctions for Foreign Policy Goals -- Use of Trade Threats and Sanctions in Managing Trade Policy -- Summary and Conclusions -- 5 Trade Adjustment Assistance: The More We Change the More It Stays the Same -- Origins of Trade Adjustment Assistance -- Two Steps Forward, One Step Back -- The 2002 Reforms -- Running in Place -- Chamber of Commerce Support for TAA -- Unfinished Business -- TAA as a Model for Assistance to All Displaced Workers -- Cost Estimates for Reform Proposals -- Recent Congressional Activity -- Conclusion -- Appendix 5A -- Appendix 5B -- Appendix 5C -- 6 Fred Bergsten asan Early Architect of an International Regime for Foreign Direct Investment -- Bergsten as Early Advocate of an International Regime for Investment -- Does the Case for an International Regime for Investment Still Stand? -- 7 The International Monetary System in the Work of the Institute -- 8 Fred Bergsten and the Institute's Work on Exchange Rate Regimes -- History -- Target Zones -- The Blueprint -- Intervention -- Crawling Bands for Emerging Markets -- Baskets -- The System: Tinkering or Reference Rates? -- Concluding Remarks -- 9 What Can Exchange Rates Tell Us?.

C. Fred Bergsten: Policymaker and Thinker -- Methodology -- The Evidence -- Concluding Observations -- 10 Competitiveness and the Assessment of Trade Performance -- The Competitiveness Problem Posed by the Competitiveness Policy Council -- Has Recent US Economic Performance Matched the Goals of the CPC? -- Reframing the Trade Competitiveness Debate -- The Trade Balance and the Terms of Trade in Practice -- Exploring Robustness -- Impact of Oil and Exports on Worsened Trade Performance -- Conclusions and Directions for New Research -- 11 International Debt: The Past Quarter Century and Future Prospects -- Principal Phases in the Past 25 Years -- Institute Research and International Debt Policy -- Conclusion -- 12 Follow the Money -- The Great Moral Hazard Bugaboo -- Problems with Large IMF Programs -- The Way Forward -- 13 The IMF as Global Umpire for Exchange Rate Policies -- Why Currency Manipulation Is Important -- Why Currency Manipulation Is Important and Still Relevant -- Myths and Fallacies about Currency Manipulation -- The IMF as Umpire for the Exchange Rate System -- Initiatives for Discouraging Currency Manipulation -- 14 Institutional Strategy for the Global Economy -- Fred Bergsten's Contributions -- Second-Generation Strategy -- Assessment of the Strategy -- Shortcomings of the Second-Generation Strategy -- Rule Hardening Requires Political Reinforcement -- Conclusion -- 15 Wanted: More Effective Public Communication in Empirical International Economics -- A Brief Personal Retrospective -- Public Payoffs and Professional Methods for Public Communication -- A Mixed Assessment -- Closing Thoughts -- Appendix A Publications of C. Fred Bergsten -- Index.