Jeffrey Sachs On Making Foreign Policy Reflect Economics

For all the current strength of American economy, the country lacks the economic clout to bend the world to its liking. The U.S. lacks a foreign policy that truly reflects the shift in commercial gravity toward Asia, says Jeffrey Sachs, one of the world's most prominent economists. Sachs tells Bloomberg Opinion's Daniel Moss and Bloomberg News's Scott Lanman that it's time for a new brand of statecraft to match the retreat in U.S. economic muscle. 

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Will Covid-19 reshape the global economy or simply shrink it? What are nations doing to protect jobs and businesses from the fallout, and what will the long-term consequences be for labor markets, global supply chains and government finances? On Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders—the former BBC economics editor and chief market strategist for Europe at JPMorgan Asset Management—we combine reports from Bloomberg journalists around the world and conversations with internationally respected experts on these and other issues to bring the global economy to life.