Global Financial Markets Forum

February 1, 2007

Opportunities and Challenges of a Global Economy with Edward P. Lazear

An Overview of the 2007 Economic Report of the President

The Bush administration released an updated economic forecast in November that shows solid economic growth in the coming year. It suggests that a combination of pro-growth energy security policy, firm labor markets, and worker competitiveness are contributing factors to U.S. economic strength. The new forecast sets the stage for the February 2007 release of the Economic Report of the President that will outline the President's agenda to maintain the economy's momentum and highlight prospective economic developments and some concerning trends. Understanding how to proactively address these emerging economic challenges and threats will ensure America continues to remain a leader in the global economy.

View photos from the Scholes Forum in the photo gallery.

Speaker Profiles

Edward P. Lazear

Confirmed by the Senate on February 17, 2006, and sworn in as chairman of the Council of Economic Advisers on February 27, 2006. Previously, he was a member of Presidents Bush's Advisory Panel on Tax Reform.

He is on leave of absence from Stanford University, where he is the Jack Steele Parker Professor of Human Resources Management and Economics and the Morris Arnold Cox Senior Fellow at the Hoover Institution. Lazear has developed research and ideas that have become the seminal work in the area of "personnel economics," a field that marries economics and statistics to organizational behavior. He has written or edited nine books and has been honored with many academic prizes and awards. Lazear recently was a member of California Governor Arnold Schwarzenegger's Council of Economic Advisers and had advised many governments throughout the world including Russia, Romania, Republic of Georgia, and Ukraine.

Sponsorship

This event was co-sponsored by the Chicago Council on Global Affairs. The IGM Forum is generously sponsored by the Chicago Mercantile Exchange (CME) Trust.


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