March 31, 2009

In September 2008, the United States experienced a substantial credit crisis on Wall Street leading to the bankruptcy of large and well established investment banks. Having a severe impact on the economy and consumers in both the United States and globally, congress passed a historic $700 billion rescue plan. Finance professor Brad Jensen discusses how the financial crisis continues to affect the international market and international trade. He also discusses the importance of international enterprise and the danger of protectionism as we struggle to repair the economy.

Brad Jensen is an associate professor of international business and economics at the McDonough School of Business at Georgetown University. He is also a senior fellow at the Peterson Institute for International Economics and a research associate of the National Bureau of Economic Research. Jensen’s work focuses on the relationship between increasing import competition on U.S. manufacturers and the impact of trade on the U.S. economy.