that was going to be muscular enough to end the racial status quo in the united states of america. sunday night at 8:00 eastern on c-span s q&a. , president of the economic strategy institute and the author of than the author of the new book, the world turned upside down: america, china, and the struggle for global leadership. . good morning, thanks for joining us. clyde: good morning. host: why did you write the book, when did you start writing it? clyde: i started writing it in the middle of february 2018, and i did so because of two facts. i have had, i have been at it for 57 years working as a business executive, as a diplomat, as a trade negotiator, and a think tank scholar on asia. i got a telephone call from the smith richardson foundation asking me if i would be interested to write something about how she would how we should be dealing with china and i said yes. i began in february. at a moment when u.s. policy was very much the same as it had been when i was i
colleagues has just produced called degrees of separation the subtitle is a targeted approach to u.s.-china decoupling. he s been working on it for the past 18 months or so and it s a terrific contribution to the conversation about this charged topic of u.s.-china economic cooperation. i want to thank before we start the smith richardson foundation. it s been a generous supporter of the economics programs, specifically, for many years and we really appreciate it without that support. we couldn t do what we do. thank you very much. so i m going to just turn to stephanie. sorry. before we get to stephanie and this terrific panel that we have, i just want to say that this report, you ll see, provides kind of a really thoughtful methodology for thinking about our economic engagement with china. it has a sort of historical piece and then a way of looking at u.s. objectives and how to test weather we are better off being engaged or disengaged from china and so you ll she ll g
results of the survey so stay tuned. so let me set the stage for a few minutes on a project on cyber enabled economic warfare really got started. it really had its genesis back in the 1990s in discussions with incredible smart people at the smith richardson foundation that is sponsored this work, but the intersection of economic and security. in 1997 the asian financial crisis it, remember? began in thailand and the contagion quickly spread to indonesia, south korea, malaysia, the country s throughout the region. foreign debt to gdp ratios rose over 180% during the worst of the crisis. writes occur, governments fell. the causes of the crisis were varied but most experts think it was the combination of crony capitalism, and economic bubble flooding the market with cheap money, and a simultaneous slump in semiconductor values with the rise in u.s. dollar. what would it mean to relations, taiwan and china? what would it do to radical groups? it was the malaysian prime minister a
in a natural relationship. but that being said, you don t want to create the government has a responsibility to the taxpayer to be fair and to be transparent. you have to do that. the question becomes how can you do that but at the same time give industry the flexibility to do what they need to do? i don t know there is a good answer which is why acquisition reform has been a buzzword for decades and continues to be something we continue to strive for and continue to struggle with. but i would say that is probably the hard problem of the century. but nevertheless it is something we have to continue to strive to get better because there is a balance between letting industry innovate and letting industry take responsibility and put goods into the hands of the war fighter that meet the war fighter s needs and making sure that the responsibility to the taxpayer is upheld. so before i go, let me follow up with a specific question. is there one word, based on your current under
hamilton s vision is alive and well because his letter to those commanders resonates with each and every person in the coast guard. i ll now read my notes no, actually i m done with that. and what i d like to do is open it up to question and answer. [ applause ] and now the fun part. some of the questions have been quite interesting, admiral. let s see. senate armed services committee members are concerned that russia has 40 arctic icebreaker ships and america has one. is that going to change and when? i know you addressed that a bit earlier. yeah. so as i stand before you today, i have one of my vice admirals is with the national security staff up in the arctic to see firsthand what some of the challenges are up there. when you re up in barrow, alaska, you now see berms being built because you used to have a natural berm, a barrier, if you will, by all of the ice. so you re seeing a lot of coastal erosion. you re seeing a nearly threefold increase in human activity up