SIEPR Associate's Meeting with Josh Bolten

TL;DR

The analysis provides insights into upcoming economic policies, including fiscal relief, infrastructure investment, stakeholder capitalism, trade policy, immigration policy, and regulation of big companies.

Transcript

welcome everyone to today's associates meeting with seper the stanford institute for economic policy research i'm mark duggan the triony director of super and i'm so glad that you're able to join us for our final event of 2020. we're very lucky to have josh bolton with us today i'm really looking forward to hearing his take on what we can expect fr... Read More

Key Insights

• 🧑‍⚕️ Prioritizing health policy and fiscal relief measures is crucial for addressing the pandemic and economic crisis.
• 🙈 Infrastructure investment and comprehensive immigration reform are seen as important for economic growth and competitiveness.
• ⚖️ Balancing environmental concerns with economic viability is necessary for addressing climate change.
• 💱 The future of trade policy remains uncertain, with potential changes in approach and a focus on China's economic practices.

Questions & Answers

Q: What are the key priorities for policymakers in terms of economic policies?

The top priorities are addressing the pandemic and economic crisis, focusing on health policy, fiscal relief measures, and support for affected individuals, small businesses, and states and localities.

Q: What is the business community's stance on stakeholder capitalism?

The business community supports stakeholder capitalism, which aims to promote the interests of all stakeholders, including customers, employees, suppliers, and communities, alongside shareholders, for long-term value creation.

Q: What changes can be expected in trade policy under the Biden administration?

There is likely to be a shift towards a more multilateral approach and closer collaboration with allies in addressing trade issues. The focus may remain on confronting China's economic practices and market power through both enforcement of antitrust laws and regulations.

Q: What is the business community's view on immigration policy?

The business community advocates for comprehensive immigration reform, including regularizing the status of undocumented immigrants and expanding high-skilled immigration to attract and retain talent. They oppose restrictions on immigration that limit economic competitiveness.

Q: How does the business community view the regulation of big tech companies?

There is growing concern among business leaders about the market power and practices of big tech companies, particularly in the areas of data privacy, anti-competitive behavior, and content moderation. There are calls for both antitrust enforcement and increased government regulation.

Summary & Key Takeaways

• The pandemic and economic crisis are the top priorities for policymakers, with a focus on providing relief and support to individuals, small businesses, and states and localities.

• The business community advocates for infrastructure investment and comprehensive immigration reform, while expressing concerns about regulations and market power of big tech companies.

• There is a need for a balanced approach to address climate change through market mechanisms and international cooperation.

• The future of trade policy remains uncertain, with a potential shift towards multilateral rules and more collaboration with allies.