Aspen Policy Books is a series devoted to developing new thinking on U.S. national security policy. This book, a collection of papers prepared for the 2009 summer Aspen Strategy Group conference, addresses the critical intersection of the global financial recession and its potential impact on America's foreign policy and national security. The authors explore the possible shift in global power, the changing relationship between the U.S. and China, and the impact on America's development policy. They also assess the capacity of domestic and international institutions to respond to the crisis. Contents: Part 1: Historical Perspectives and Current Conditions 1. Economic Conditions and U.S. National Security in the 1930s and Today 2. Pulling Back from the Crisis: A Roadmap for the Future of the American Economy Part 2: Predictions on the Course and Extent of the Global Economic Crisis and Its Larger Implications 3. Global Recession and National Security 4. Rebalancing Economic Engagement: The Foreign Policy Consequences 5. Sustaining the Recovery and Containing the Deficit: A Balancing Act for Policy Part 3: Are Institutions Ready for the Challenge? 6. Interdependence, Global Issues Management, and Global Economic Governance 7. Picking up the Pieces: The Global Crisis and Implications for U.S. Economic Policymaking Part 4: Consequences for Development and Democracy 8. Priorities for Progress: Security and Development at a Time of Global Economic Turmoil 9. The Impact of the Global Financial Crisis on Democracy Part 5: Concluding Observations 10. Summary of the Aspen Strategy Group Deliberations Contributors include Richard Cooper (Harvard University), Kemal Dervis¸ (Brookings Institution), Martin Feldstein (Harvard University), Michael Green (Center for Strategic and International Studies), David Leonhardt (New York Times), Sylvia Mathews Burwell (Bill and Melinda Gates Foundation), David McCormick (Carnegie Mellon's Heinz College), Laura Tyson (University of California-Berkeley), and Bruce Stokes (National Journal).