• Commentary
  • Research
  • Experts
  • Events
Carnegie China logoCarnegie lettermark logo
{
  "authors": [
    "Jessica Tuchman Mathews"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "",
  "centers": [
    "Carnegie Endowment for International Peace"
  ],
  "collections": [],
  "englishNewsletterAll": "",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie Endowment for International Peace",
  "programAffiliation": "",
  "programs": [],
  "projects": [],
  "regions": [
    "North America",
    "United States"
  ],
  "topics": [
    "Economy",
    "Foreign Policy"
  ]
}

Source: Getty

In The Media

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.

Link Copied
By Jessica Tuchman Mathews
Published on Nov 5, 2008

Source: PRI's The World November 5

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. In an interview with Matthew Bell of PRI’s The World, Jessica T. Mathews also argued that the November 15th economic summit at the White House must involve the incoming administration.

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.
 

Click here to listen

About the Author

Jessica Tuchman Mathews

Distinguished Fellow

Mathews is a distinguished fellow at the Carnegie Endowment for International Peace. She served as Carnegie’s president for 18 years.

    Recent Work

  • In The Media
    Washington Already Knows How to Deal with North Korea

      Jessica Tuchman Mathews

  • Commentary
    Trump Wins—and Now?

      Jessica Tuchman Mathews

Jessica Tuchman Mathews
Distinguished Fellow
Jessica Tuchman Mathews
EconomyForeign PolicyNorth AmericaUnited States

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

  • The nuclear missile formation passes through Tian'anmen Square during a military parade on September 3, 2025 in Beijing, China.
    Paper
    Untangling the Nuclear Knot: A Constructive Agenda for Managing China’s Nuclear Relations with the United States and Its Allies

    The nuclear relationship between China and the United States is increasingly shaped by widening perception gaps rather than deliberate strategic design.

      Tong Zhao

  • Commentary
    China Financial Markets
    Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?

    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

  • Commentary
    Emissary
    Trump and Xi Are Angling for Three Years of Stability

    But their "principal to principal" model will only be as effective as the political strength of each leader back home.

      • Damien Ma

      Damien Ma

  • Commentary
    China Sells Stability Amid American Volatility

    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

  • Vietnam's Top Leader To Lam meets with young representatives from China and Vietnam participating in the "Red Study Tours" at the Great Hall of the People on April 15, 2026 in Beijing, China. T
    Commentary
    Why Vietnam Is Swinging in China’s Direction

    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.

      • Nguyen-khac-giang

      Nguyễn Khắc Giang

Get more news and analysis from
Carnegie China
Carnegie China logo, white
Keck Seng Tower133 Cecil Street #10-01ASingapore, 069535Phone: +65 9650 7648
  • Research
  • About
  • Experts
  • Events
  • Contact
  • Careers
  • Privacy
  • For Media
Get more news and analysis from
Carnegie China
© 2026 Carnegie Endowment for International Peace. All rights reserved.