New CSIS Report: Renewing U.S. Economic Engagement with the Developing World

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New Report: Renewing U.S. Economic Engagement with the Developing World
December 2018
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** Renewing U.S. Economic Engagement with the Developing World
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**
Daniel Runde, Romina Bandura, and Owen Murphy
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** December 2018
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By 2050, Africa will be home to more than 2 billion people, half of whom will be in the global middle class; by 2030, Asia will make up 66 percent of the global middle-class population and 59 percent of middle-class consumption. In 2006, the United States was the principal trade partner for close to 130 nations; this count dropped to 76 in 2016. If the United States continues its lackluster response to the changing development landscape, other foreign players will soon overtake the U.S. as the primary economic and security influence in the developing world.

In a recent report (http://https//www.csis.org/analysis/renewing-us-economic-engagement-developing-world?utm_source=CSIS+All&utm_campaign=58b2f09621-EMAIL_CAMPAIGN_2017_12_21_COPY_02&utm_medium=email&utm_term=0_f326fc46b6-58b2f09621-145367789) by Daniel Runde, Romina Bandura, and Owen Murphy, CSIS analyzes how the United States needs to better engage in trade and investment with developing countries. Other countries have realized the economic potential of the developing world and are using commercial diplomacy in more effective ways than the United States. The United States has a good development toolbox to facilitate trade and investments abroad, but it is outdated, uncoordinated, and lacks a strategic vision. Our allies and China are currently filling the void created by our lack of funds and our lack of strategy in the emerging economies of Southeast Asia, Africa, and Latin America.

This paper describes how the development landscape has changed in recent decades and how the United States has responded to this changed environment. It presents some initial recommendations on next steps that the United States needs to take to better engage in trade and investment with developing countries. This paper complements and builds upon prior CSIS publications on the topic. To read the full report, click the link here (http://https//www.csis.org/analysis/renewing-us-economic-engagement-developing-world?utm_source=CSIS+All&utm_campaign=58b2f09621-EMAIL_CAMPAIGN_2017_12_21_COPY_02&utm_medium=email&utm_term=0_f326fc46b6-58b2f09621-145367789) .

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