Jessica Tuchman Mathews
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}Source: Getty
The Day After Victory
The global financial crisis is too pressing for the next administration to wait until January to address. President-elect Obama must re-assess the international financial infrastructure, and decide whether an institutional solution would be more effective than the current ad hoc collaboration.
Source: PRI's The World November 5

Because the financial crisis is the most pressing priority, President-elect Obama should assemble his team of economic advisers early. Mathews suggested that Obama would likely revolutionize the transition process.
About the Author
Distinguished Fellow
Mathews is a distinguished fellow at the Carnegie Endowment for International Peace. She served as Carnegie’s president for 18 years.
- Washington Already Knows How to Deal with North KoreaIn The Media
- Trump Wins—and Now?Commentary
Jessica Tuchman Mathews
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie China
- Untangling the Nuclear Knot: A Constructive Agenda for Managing China’s Nuclear Relations with the United States and Its AlliesPaper
The nuclear relationship between China and the United States is increasingly shaped by widening perception gaps rather than deliberate strategic design.
Tong Zhao
- Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?Commentary
China’s banking crisis in the 2000s was resolved by transferring the costs to households through financial repression—a decision that recapitalized the banks while exacerbating the structural imbalances that continue to shape the Chinese economy today.
Michael Pettis
- Trump and Xi Are Angling for Three Years of StabilityCommentary
But their "principal to principal" model will only be as effective as the political strength of each leader back home.
Damien Ma
- China Sells Stability Amid American VolatilityCommentary
U.S. unpredictability has allowed China to capitalize on its positioning as the “responsible great power”. Paradoxically, the more China wins the perception game, the more likely expectations will rise for Beijing to deliver not just words but to demonstrate with its deeds.
Chong Ja Ian
- Why Vietnam Is Swinging in China’s DirectionCommentary
Hanoi and Beijing have long treated each other as distant cousins rather than comrades in arms. That might be changing as both sides draw closer to hedge against uncertainty and America’s erratic behavior.
Nguyễn Khắc Giang