David McCormick, CEO of Bridgewater Associates, discusses how the US can compete in a new era where economic security is national security. Topics include policy, innovation, government restructuring, immigration, talent management, global economy impact of COVID-19, reshaping America's economy for equality of opportunity.
Economic security is a crucial component of national security in the evolving global landscape.
Effective policy reform and integration between economic and national security strategies are essential for future competitiveness and success.
Deep dives
Linking National Security and Economic Statecraft
The conversation focuses on the critical link between national security and economic statecraft. It highlights the importance of integrating economic and national security policies to address the changing global dynamics driven by emerging technologies, interdependence in the global economy, and cyberspace's pervasive role.
Challenges Faced in Policy Roles
David McCormick shares his experiences straddling national security and economic policy roles during his government tenure. From debates on export controls with China to the Dubai ports controversy, he highlights the challenges and tensions between economic and national security objectives.
Reforming Policy Processes
The discussion delves into the necessity of reforming the policy processes to address the evolving global landscape. The need for a holistic understanding and approach to economic security and national security is emphasized, advocating for a more integrated and forward-thinking policy framework.
Innovation, Talent, and Collaboration
The conversation emphasizes the importance of innovation, talent, and collaboration in reshaping national security and economic strategies. Recommendations include fostering fluidity between private and public sectors, enhancing national security education, attracting skilled immigrants for innovation, and strengthening partnerships with key allies for mutual benefits.
David McCormick, the CEO of Bridgewater Associates — the world's largest hedge fund, dropped in on the pod to talk about how the United States can prepare itself to compete in a new era in which, more than ever, economic security is national security. Speaking from decades of experience at the highest levels of industry and government, McCormick lays out what America needs to do from policy to innovation to government reorganization to immigration to talent management and beyond. He also discusses the state of the global economy, the impact of COVID-19, and how America's economy could be reshaped to realize equality of opportunity. Want more? Don't miss his essay in the Texas National Security Review with co-authors Charles Luftig and James Cunningham: "Economic Might, National Security, and the Future of American Statecraft."
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