White Papers & Reports
White papers co-authored by the 15 members of the Squam Lake Group on Financial Regulation, a nonpartisan, non-affiliated group of 15 academics who have come together to offer guidance on the reform of financial regulation (disseminated by the Council on Foreign Relations and available at www.squamlakegroup.org), 2009-2010.
A New Information Infrastructure for Financial Markets (February 2009)
Reforming Capital Requirements for Financial Institutions (April 2009)
An Expedited Resolution Mechanism for Distressed Financial Firms: Regulatory Hybrid Securities (April 2009)
A Systemic Regulator for Financial Markets (May 2009)
Credit Default Swaps, Clearinghouses, and Exchanges (July 2009)
Regulation of Retirement Savings (July 2009)
Improving Resolution Options for Systemically Relevant Financial Institutions (October 2009)
Regulation of Executive Compensation in Financial Services (February 2010)
Prime Brokers and Derivatives Dealers (April 2010)
Small and Big Business: Working Together for America’s Prosperity, Business Roundtable research report, Washington, D.C., September 2010.
"How U.S. Multinational Companies Strengthen the U.S. Economy"
Business Roundtable and The United States Council Foundation, March, 2009.
Some critics of U.S. multinationals contend that these companies have "abandoned" the United States and that policy needs to rebalance their domestic and international operations. However, Slaughter's report demonstrates that U.S. multinational companies are first and foremost American companies that perform large shares of America's productivity-enhancing activities–capital investment, research and development, and trade–that lead to jobs and high compensation.
How FIRPTA Reform Would Benefit the U.S. Economy, with Martin Neil Baily, Real Estate Roundtable research report, Washington, D.C., December 2009.
Achieving U.S. Energy Goals, Organization for International Investment research report, Washington, D.C., December 2009.
"Strengthening U.S. Competitiveness in the Global Economy"
with Martin N. Baily, Private Equity Council, December, 2008.
Slaughter, along with noted economist Martin Baily, examines the critical issues facing the U.S. as it seeks to maintain and strengthen its global economic leadership in the 21st Century.
"Global FDI Policy: Correcting a Protectionist Drift"
with David M. Marchick, Council on Foreign Relations, June, 2008.
Dean Slaughter tracks the rise of investment protectionism in multiple countries, examines the reasons behind these trends, and outlines recommendations for policy makers.
Insourcing Mergers & Acquisitions, Organization for International Investment research report, Washington, D.C., December 2007.
"A New Deal for Globalization"
with Kenneth F. Scheve, Foreign Affairs, July/August 2007, pp. 34-47.
Globalization has brought huge overall benefits, but earnings for most U.S. workers—even those with college degrees—have been falling recently; inequality is greater now than at any other time in the last 70 years. Whatever the cause, the result has been a surge in protectionism. To save globalization, policymakers must spread its gains more widely. The best way to do that is by redistributing income.
"Succeeding in the Global Economy: A New Policy Agenda for the American Worker"with Grant D. Aldonas and Robert Z. Lawrence, The Financial Services Forum policy research report, June 2007. This report discusses the economic forces driving U.S. protectionist drift and offers a set of innovative policies for both the government and private sector aimed at arresting this drift.
"Insourcing Jobs: Making the Global Economy Work for America"
Organization for International Investment research report, October 2004.
This report discusses how U.S. subsidiaries of foreign-headquartered multinationals contribute to U.S. economic growth and rising U.S. living standards through their operations that are "insourcing" American jobs.
"Technology, Investment, and Trade: The Public Opinion Disconnect"
Emergency Committee for American Trade research report, 2002.
This study examines the relationship between trade and investment and the growth in the production and use of information and communication technology (ICT) products. The incentives for companies to produce and/or use ICT technologies depend crucially on the ability of these companies to integrate these technologies into their trade and investment activities worldwide. Those interested in the continued production and use of ICT products need to be interested in the continued liberalization of trade and investment policies.
"Global Investment, American Returns"
Emergency Committee for American Trade research report, 1998.
By raising U.S. worker productivity, American companies with global operations help raise the U.S. standard of living. Because the foreign and U.S. activities of these companies tend to complement each other, the ability of these companies to help raise U.S. living standards depends crucially on their ability to undertake foreign direct investment (FDI) abroad. By examining both comprehensive U.S. government statistics and a number of individual-company case studies, the key message is that investments abroad by American-headquartered multinational firms often yield American returns.