President-elect Obama on Monday will declare New York Fed President Tim Geithner to be his U.S. Treasury Secretary nominee. Who Is Tim Geithner, Obama’s Treasury Secretary Pick?By Cliff Montgomery – Nov. 22st, 2008President-elect Barack Obama on Monday will declare New York Federal Reserve Board President and Chief Executive Officer Tim Geithner to be his U.S. Treasury Secretary nominee, according to NBC News.Geithner has worked at Treasury since 1988. He served as an official at the Treasury Department under both Robert Rubin and Lawrence H. Summers, two Clinton Administration Treasury heads. Obama’s pick also has assisted current Treasury Secretary Hank Paulson in managing the present Wall Street bailout.But how may Tim Geithner run the Treasury Department? What principles might serve as the basis for his decisions? A good idea of that may be gleaned from Geithner’s involvement with The Center for Global Development (CGD), a top liberal think tank which offers a refreshing new way to ensure strong economic growth.Geithner currently is a member of the CGD who serves “in the capacity as a CGD Board member,” states the think tank’s website.”The Center for Global Development is dedicated to reducing global poverty and inequality through policy-oriented research and active engagement on development issues with the policy community and the public,” according to CGD’s Mission Statement.”A principal focus of the Center’s work is the policies of the United States and other industrial countries that affect development prospects in poor countries,” adds the statement.”The Center’s research assesses the impact on poor people of globalization and of the policies of industrialized countries, developing countries and multilateral institutions.”The Center seeks to identify alternative policies that promote equitable growth and participatory development in low-income and transitional economies,” states the mission statement, “and, in collaboration with civil society and private sector groups, seeks to translate policy ideas into policy reforms.”The CGD works with a number of other institutions “to improve public understanding in industrial countries of the economic, political, and strategic benefits of promoting improved living standards and governance in developing countries,” continues the mission statement.The Center in August 2008 even published a major study on how the next U.S. president may improve global economic well-being–a very important, and telling, subject for the next Treasury secretary as well.The report, entitled, The White House and the World: A Global Development Agenda for the Next U.S. President, gives us a possible blueprint into the thinking of the man who may be America’s next Treasury secretary. A few interesting quotes from The Center’s press release on the study:
- Each day brings fresh evidence that Americans’ well-being is linked to the lives of others around the world as never before. Accelerating advances in technology and the creation of new knowledge offer undreamed-of opportunities. Yet global poverty, inequality, disease and the threat of rapid climate change threaten our hopes. How will the next U.S. president tackle these global challenges?The White House and the World shows how modest changes in U.S. policies could greatly improve the lives of poor people in developing countries, thus fostering greater stability, security and prosperity globally and at home.Center for Global Development experts offer fresh perspectives and practical advice on trade policy, migration, foreign aid, climate change and more. In an introductory essay, CGD President Nancy Birdsall explains why and how the next U.S. president must lead in the creation of a better, safer world.
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