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In the Nation's Interest

Restoring Trust in Corporate Governance: Six Essential Tasks for Boards of Directors and Business Le

Cox News Service;Marilyn Geewax;But with stock prices crashing all around them, many economists said government would have to take more action. For example, Robert Dugger, managing director of the Tudor Investment Corp., said the U.S. government must change its entire post-World War II economic approach.;He said that in the 1950s, the United States decided to help its allies and former foes, namely Germany and Japan, by becoming an enormous consumer of their goods. This led to free and easy credit policies that allowed Americans to spend more than they could afford, he said.";Read full article;Learn more about CED's work on international economics