Congressional elections are only weeks away. Predicting the outcome would be a fool’s errand for an economist, but not so for one key policy challenge President Obama will have to tackle during the lame-duck session of Congress. And that policy challenge? The congressional elections will enable President Obama to reaffirm his leadership on global economic issues at a time when international imbalances threaten the health of the US economy.
A comprehensive globalization agenda will have to include strengthening exports by building up manufacturing, comprehensive energy legislation, immigration policy, a comprehensive approach to building good jobs around the world, and fostering predictable exchange rates.This article was originally published in CNBC.