International Financial Cooperation Benefits the United States
The financial crisis of 2007–09 wreaked worldwide havoc because of the interconnectedness of many countries’ economies and financial systems. To contain and stabilize these interwoven global financial systems and avert future crises thus requires international cooperation, preferably with American leadership. The Trump administration’s policies on these matters are unclear. But early indications are cause for concern over future US commitment to international regulations to prevent and manage the inevitable occurrence of future crises.