Annual Report 2012

QUALITY. INDEPENDENCE. IMPACT. BROOKINGS

1775 Massachusetts Avenue, NW Washington, DC 20036

www.brookings.edu Economic Studies With the nation continuing to face Contents high levels of joblessness and an unsustainable path 4 of government debt, scholars in the Economic Studies program helped shape the national economic debate, crafting pragmatic, innovative policy prescriptions to fuel broadly shared economic growth.

Global Economy and Development Fragile financial 2 Chairman’s Message markets and fiscal challenges threatened the global 8 recovery this year. Scholars in the Global Economy and Development program worked closely with some of the world’s 3 President’s Message leading policymakers to foster international cooperation and craft policy solutions to promote inclusive, sustainable growth. 34 Trustees

Foreign Policy Much of the world was in turmoil, 38 Financial Summary as economic, political and security crises challenged 12 leaders from the Middle East to Latin America to Asia and beyond. U.S. and foreign officials turned to the Foreign Policy 40 Brookings Press program for cutting-edge analysis and strategies to reduce conflict in the emerging global order.

Governance Studies Polarization and hyper- partisanship­ gripped Washington, as election-year 16 politics exacerbated divisions in American society. The Governance Studies program helped to devise practical policy reforms that can work across the political spectrum to strengthen leadership and reinvigorate trust in democratic institutions.

Metropolitan Policy Building the next American economy—one fueled by innovation, powered by low Brookings 20 carbon, driven by exports and rich with opportunity— will rely on the economic growth potential of metropolitan areas. Scholars in the Metropolitan Policy Program advanced that vision and helped metropolitan areas leverage their position in the global economy.

Impact: Finding Paths Forward Across the spectrum of political, economic and security 24 challenges that faced the world, Brookings’s sound, independent public policy research found paths forward. The Institution’s scholars engaged with national and world leaders in crucial dialogue, offered up-to-the-moment and on-the-ground analysis, and developed pragmatic recommendations.

Brookings Priorities Brookings finds effective solutions to policy problems by coordinating efforts 26 around four priority areas in which the Institution has depth and breadth and that also correspond to the major issues our political leaders must address. Those include: growth through innovation, opportunity and well-being, sound energy and climate policy and managing global change.

Support for Brookings This year Brookings experts brought thoughtful analysis and reasoned 28 debate to bear on the effort to promote enduring Copyright ©2012 The Brookings Institution peace and prosperity around the globe. Their contributions 1775 Massachusetts Avenue, NW Editors: Jessica Hallstrom and Laurie Boeder Washington, DC 20036 were made possible by the philanthropic support of donors who PRODUCTION COORDINATOR: Adrianna Pita Telephone: 202.797.6000 share Brookings’s vision that independent policy research is Fax: 202.797.6004 Design and Print Production: TMG indispensable to how we, as a nation, govern ourselves. www.brookings.edu Jeffrey Kibler, Adriana Guevara, Brenda Waugh Library of Congress Card Number: 84-641502 Printing: Jarboe Printing Cover Photograph: Jim Knapp Photography 1 Chairman’s Message President’s Message

uring a time of tumult in the U.S. and around the world, Brookings remains one of the few institutions where civil early a hundred years after Mr. Brookings came to Washington, it’s useful to imagine what he might make of today’s public discourse and rigorous, nonpartisan research are the order of the day. Throughout an eventful year, major pub- world. Some trends he would find familiar and ominous. For example, Europe—which his generation thought of as lic figures used the podium in our Falk Auditorium to convey messages to—and sometimes from—the White House “over there”—is grappling with the danger of backsliding into economic disintegration and resurgent nationalism. and Capitol Hill, as well as to audiences around the globe. Other developments would come as a shock to Robert S. Brookings. As a public-spirited citizen who moved to The newly elected president of the World Bank, Jim Yong Kim, gave his first policy speech at Brookings. Within the nation’s capital when the U.S. was beginning to assert itself as global power, he would recoil at the widespread a single week, Christine Lagarde, managing director of the International Monetary Fund, and Tim Geithner, the U.S. perception, nine decades later, that America is in decline. DTreasury secretary, laid out their recommendations for keeping the global economic recovery on track. Two senators, Democrat NAs a successful manufacturer whom Woodrow Wilson recruited to apply sound business principles to government, Mr. Patty Murray of Washington and Republican Pat Toomey of Pennsylvania—both members of the defunct “supercommittee”— Brookings would be aghast at the national deficit and debt and the unfunded obligations of many states. outlined alternative proposals for avoiding a looming “fiscal cliff.” Senator Marco Rubio of Florida used a widely covered, standing- And as a Republican who served in a Democratic administration, he would be appalled by the extreme partisanship that room-only speech to expand on his foreign policy vision. A speech by Governor Chris Christie of New Jersey lambasting what he has threatened to alienate voters, poison civic discourse and paralyze the democratic process. saw as Washington’s lack of leadership on the budgetary outlook turned out to It’s worth remembering that Mr. Brookings was both a product of and a be a preview of his keynote address at the GOP convention seven weeks later. participant in the social activism and political reform that flourished during At a convocation hosted by our Saban Center on Middle East Policy, Shimon the Progressive Era. In the spirit of the time in which he lived, both major Peres, the president of Israel, joined Secretary of State Hillary Clinton in call- parties, even when vying for power, shared a commitment to the judicious ing on Russia to help end the carnage in Syria. Senior Chinese policy adviser use of government power in service of the public good. As a result, the 1916 and economist Cheng Siwei explained the priorities and significance of his contest for the White House between Wilson and Charles Evans Hughes country’s latest five-year plan, which will have profound implications for the was marked by considerable overlap between the Democratic and Republican world economy. programs—a far cry from the bruising, bitter and polarizing Obama-Romney Throughout the year, our scholars were repeatedly invited to testify before campaign of 2012. Congress on a range of issues. Senior Fellow Alice Rivlin appeared twice in All the more reason that Mr. Brookings would be interested in how the one week, first at the request of the Republicans, then at the invitation of Institution that bears his name has evolved. the Democrats. “Over there” is now just about everywhere. Hence, it is fitting that the Brookings scholars were once again at the forefront of the nation’s eco- world’s first national think tank is increasingly international in scope as well nomic debate, putting forward proposals to create jobs and restore fiscal as in the composition of its Board of Trustees, its staff and its leadership. sanity, while our annual growth through innovation forum focused on In addition to the Brookings-Tsinghua Center in Beijing and the Brookings enhancing American competitiveness. The Global Cities Initiative brought Doha Center covering the Arab world, we have established partnerships and together metropolitan areas to develop their economies for the twenty-first programming in Latin America, Europe, Africa and Northeast Asia. In the year century; our World Forum on Governance developed recommendations for ahead we will be looking to do more work on Southeast Asia, and we hope to reducing corruption; and the Saban Forum tackled the ongoing transforma- open Brookings India, based in New Delhi. Our newly redesigned website, tions in the Middle East. which draws more than a million visits per month, allows us to broadcast Brookings experts led a global network of think tanks in creating ideas for the events to a global audience and to publish our work in Chinese, Arabic and G-20 summits in Cannes and Los Cabos and advised the leading international Spanish. financial institutions on remedies for the unfolding euro crisis. Meanwhile, Robert Brookings would be gratified to see the impact of our research our scholars worked to improve school standards in the U.S. through empirical and recommendations on major issues: managing the crisis in the eurozone; research and advised the U.N. secretary-general on his global education agenda. upgrading the utility of the G-20; bending the curve of health care costs; Worldwide economic and fiscal difficulties pose a challenge to not-for- mitigating climate change through sustainable energy policies; maximizing the profit institutions like ours. Yet this past year we were able to balance our bud- benefits of innovative technology; harnessing entrepreneurial vigor at the level get while taking on new, mission-critical projects and investing in the latest of metropolitan centers; and repairing the dysfunction of fiscal policy and gov- communication technology. As the world and America’s role in it become ever ernance at the federal level. more complex, the demand for Brookings’s work will only grow, which necessi- Our scholars are not just informing the public on these and other conten- tates maintaining our distinctive advantage among think tanks: the depth and tious issues—they are raising the tone of the debate. Wherever Brookings breadth of our expertise. That combination enables us to take the long view of scholars speak out—whether in our seminar rooms, in our in-house TV studio, a wide horizon while also responding at short notice to unforeseen, sometimes on the web, in our multiple gateways to social networks, in congressional tes- game-changing events. timony, or at conferences outside the Beltway or on other continents—they To that end, we are going to work even harder to raise flexible and durable adhere to the ethos personified by our founder and fostered by our Institution, resources as we approach our centenary in 2016. With the generous support which we strive to make a partisanship-free zone. of donors, the guidance of our advisory councils and the prudent oversight I’d like to think that Mr. Brookings would be proud that we have remained of my fellow trustees, I am confident we will not only live up to our motto— true to his values while adapting his vision to challenges that are every bit as “quality, independence, impact”—we will keep updating what those words demanding as the ones his generation faced. mean in a changing, increasingly interconnected world.

John L. Thornton, Strobe Talbott,

Brookings Chairman Morigi Photo by Paul Brookings President

2 3 Economic Studies Innovative Policies to Foster Long-Term Growth Photo by Paul Morigi Photo by Paul <

After the congressional supercommittee failed to reach consensus on deficit reduction, Senior Fellow Alice Rivlin and former Senator Pete Domenici outlined their proposal to slow the growth of Medicare spending and put the program on a more sustainable path through premium support.

< Karen Dynan, vice president and co-

director of Economic Morigi Photo by Paul < Studies, moderates a discussion with Consumer Financial Federal Housing Finance Agency Protection Bureau Acting Director Ed DeMarco (right) Director Richard talks with Ted Gayer, co-director Cordray (right) of Economic Studies, prior to the day after his delivering a keynote address on controversial recess the role of principal reduction in a

Photo by Paul Morigi Photo by Paul appointment. still-ailing housing market.

4 5 Economic Studies < ality of the Affordable Care Act. Fellow Douglas Senior Fellow Henry Aaron, the Elliott (far right) Bruce and Virginia MacLaury testifies before the Chair, published real-time House Financial analyses of the issues and pos- Services Committee sible outcomes that were cited he United States “Our team put forth careful by House Budget Committee on the regulation by New York Times columnist continued to face analyses of the nation’s eco- Chair Paul Ryan and Senator of systemically Paul Krugman and MSNBC’s three critical eco- nomic recovery, along with prac- Ron Wyden. important financial Rachel Maddow. A $3 million nomic challenges tical solutions to our economic Under the direction of Senior institutions and long- gift to the Engelberg Center term consequences this year: high challenges. We’ve issued timely Fellow Isabel Sawhill, the Cabot for Health Care Reform from in U.S. and global levels of jobless- reports and opinion pieces, Family Chair, and Senior Fel- markets. Dr. Richard Merkin supported Tness, an unsustainable path of testified in Congress numer- low Ron Haskins, the Budgeting the creation of the Dr. Richard government debt and an urgent ous times and brought together for National Priorities project Merkin Initiative on Payment need for reforms to foster broadly national leaders from across continued to develop new fiscal Reform and Clinical Leadership, shared economic growth. Eco- the political spectrum for civil, policy ideas, finding common which applies innovative, prag- nomic Studies scholars helped nonpartisan discussions,” said ground among policymakers. matic clinical insights to reform

frame the national economic Ted Gayer, co-director of the The Urban-Brookings Tax Policy Photo by T o m Willia ms efforts. Focusing on obesity, debate, contributing rigorous, program and the Joseph A. Pech- Center, co-directed by Senior < Senior Fellow Ross Hammond,­ independent analyses and inno- man Senior Fellow. Fellow William Gale, the Arjay policymakers and testified before director of the Center on Social vative policy prescriptions. As policymakers struggled and Frances Fearing Miller Chair Congress on how the crisis could Dynamics and Policy, contrib- “The economic recovery to outline a “grand bargain” on in Federal Economic Policy, ana- Alan Krueger (right), affect the U.S. economy. uted to an Institute of Medicine remains vulnerable to risks asso- job creation and deficit reduc- lyzed the presidential candidates’ chairman of the White Health care reform hung report that heavily informed the ciated with financial strains in tion, they turned to Economic tax proposals and is gearing up to House Council of in the balance as the Supreme HBO documentary “Weight of Economic Advisers, Europe, the confluence of expir- Studies scholars for counsel. make major postelection contri- Court decided the constitution- the Nation.” l discusses strategies ing U.S. fiscal policies known as Senior Fellow Alice Rivlin testi- butions on tax reform, a crucial for new job creation the ‘fiscal cliff’ and ballooning fied before Congress twice in pro-growth policy issue. with former U.S. New Investment in the Engelberg Center government debt,” said Karen a single week, invited once by As issues of poverty, inequal- Treasury Secretary Supports Novel Approaches to Health Care Reform Dynan, vice president and co- the Democrats and once by the ity and economic mobility came Robert Rubin at a nder the leadership of Senior Fellow Mark McClellan, Leonard director of Economic Studies Republicans. As the so-called into sharp focus, the Center on Hamilton Project D. Schaeffer Chair in Health Policy Studies, the Engelberg and the Robert S. Kerr Senior “supercommittee” began its Children and Families, co-led by forum. A discussion Center for Health Care Reform continued to lead the national Fellow. “Scholars in Economic work on a budget plan, members Haskins and Sawhill, became a paper released at the debate over health care and ways to reduce costs while Studies continue to introduce sought guidance from Rivlin and staple of political dialogue. Dur- event helped to shape Uimproving quality of care. fresh yet pragmatic policies to former Senator Pete Domenici, ing the primaries Republican President Obama’s A $10 million gift from the Irene Diamond Fund established the Fund support the immediate recovery whose Medicare premium sup- presidential candidates Mitt Universal Displaced for Health Care Innovation to support new and novel approaches to and generate long-term eco- port proposal became the basis Romney and Rick Santorum Worker Program, unveiled in March. reform, and the Irene Diamond Fellowship for Public Health Leadership to nomic growth.” for a bipartisan plan introduced repeatedly cited research by

Photo by Paul Morigi Photo by Paul match health care reform efforts with key goals, such as promoting health- ier behaviors and preventing illnesses and disease complications. The Irene < Diamond Fund was created and funded by noted philanthropists Irene Testifying before Haskins and Sawhill on personal ings losses experienced by those and Aaron Diamond (both deceased). The fund supports many charitable the Senate Finance responsibility as a means out of who became unemployed during causes and to date has distributed more than $400 million to advance Committee in June, poverty. Haskins was also instru- the recession. Former Treasury public health and public policy, including AIDS prevention and research, Senior Fellow Ron mental in developing the Census Secretary Lawrence Summers Haskins examines human rights and the performing arts. Bureau’s long-awaited supple- co-authored a new paper for the new challenges facing families in poverty mental measure for assessing Spring 2012 conference arguing Mark McClellan, FDA and how to combat poverty. for fiscal stimulus in a depressed Commissioner Margaret them. Scholars in Economic economy. Hamburg, and Amgen CEO Studies closely monitored the Senior Fellow Martin Baily, Kevin Sharer (left to right) troubled labor market through director of the Initiative on monthly updates by Senior Fel- Business and Public Policy and low Gary Burtless, the John C. the Bernard L. Schwartz Chair and Nancy D. Whitehead Chair, in Economic Policy Develop- and Senior Fellows Michael ment, testified before Congress Greenstone and Adam Looney, on small business’s importance director and policy director of in the economic recovery. Baily the Hamilton Project. Burt- later briefed President Obama on less addressed unemployment the economic recovery, and his at a major Wall Street Journal work was cited by Mitt Romney’s­ forum and offered solutions that presidential campaign. were published in the Milken As the debt crisis in Europe Institute Review. The Fall 2011 intensified, Fellow Douglas Brookings Papers on Economic Elliott became a leading voice on Activity conference featured its global consequences. He con- Photo by T o m Willia ms landmark research on the earn- vened key events with senior EU Morigi Photo by Paul

7 Global Economy and Development Fostering Sustainable Growth Around the World m er Photo by Sharon Far <

Former President Bill Clinton talks with Senior Fellow and Director of the Africa Growth Initiative Mwangi Kimenyi (left) and Brookings Managing Director William Antholis (center) before an address at Brookings on the African Growth and Opportunity Act (AGOA), which he signed into law in 2000 to enhance economic ties between the U.S. and Africa.

< Ahead of the IMF-World Bank 2012 Spring Meetings, Vice President and Director of the Global Economy and Development program Kemal Dervis¸ and Morigi Photo by Paul < IMF Managing Director Christine Lagarde discuss Treasury Secretary Timothy Geithner speaks about how to keep the the U.S. role in strengthening the global economy global economic with Kemal Dervis¸ (right) and David Ignatius

Photo by Paul Morigi Photo by Paul recovery on track. (center), columnist at The Washington Post.

8 9 global economy and development < tive, directed by Senior Fellow Rajiv Shah, Mwangi Kimenyi, brought lead- administrator of ing African voices to the policy the U.S. Agency debate in Washington through for International innovative partnerships with Development, speaks leading think tanks across Africa about the Obama he global eco- vice president and director of multiple invitations for Prasad to administration’s and catalytic discussions with nomic recovery the program and the Edward present at conferences through- efforts to improve key U.S. policymakers, including faltered this year M. ­Bernstein Scholar. “Our out Asia. Prasad also developed foreign aid U.S. Senator Richard Durbin, as fragile finan- international reach continues to an interactive and graphic transparency. Fellow Representative Chris Smith and cial markets and grow through partnerships with feature on the and Policy Director U.S. Trade Representative Ron Financial Times of the Foreign fiscal challenges leading think tanks and scholars website entitled the “China Cur- Assistance Reform Kirk. The initiative’s signature Tin advanced economies affected around the world.” rency Tracker,” which explores Project Noam Unger report, “Foresight Africa: Top the pace of growth in emerging Amid serious concerns how China’s exchange rates have (left) moderates the Priorities for the Continent in countries. Scholars from Global about another global reces- fluctuated over time. discussion. 2012,” offered a comprehensive

Economy and Development sion, the program provided Economic tensions in south- Photo by R al p h A l s wang look at how to manage Africa’s provided world leaders with substantive recommendations ern Europe reverberated across < challenges and leverage opportu- new thinking on how to improve on the G-20’s role in renew- the globe. With Greece at the helped shape the agenda of the nities to spur growth. international cooperation to ing confidence in the world heart of the region’s economic Busan High Level Forum on Aid Climate change strained the achieve strong, sustainable and economy. Through its Think woes, Global launched “A At the ninth annual Effectiveness. economies of developing coun- Brookings Blum inclusive growth. During his Tank 20 effort, Global scholars Growth Strategy for Greece”—a Roundtable in Aspen, At the ninth annual Brook- tries. Prior to the Rio+20 Sum- first public speech as World facilitated high-level discussions two-year effort supported by the Senior Fellow and ings Blum Roundtable on Global mit, Global scholars launched Bank president, which he deliv- with thought leaders from G-20 Stavros Niarchos Foundation to Deputy Director Poverty, more than 50 global a major report and series of ered at Brookings, Jim Yong Kim countries, and contributed to identify and promote concrete Homi Kharas speaks leaders, entrepreneurs and events on “green growth” models called the Global program “a the dialogue around the G-20 policy solutions to reinvigorate at a session on practitioners came together in for sustainable development. U.S. leadership as showcase for evidence-based summit in Mexico. economic growth. Mathews Chikaonda, Aspen, Colorado, to discuss how Senior Fellow Katherine Sierra’s policy research, an approach Senior Fellow Eswar Prasad, Dervis¸ and Senior Fellow group chief executive technology and innovation can research on climate finance and that is critical for the World the New Century Chair in Inter- Domenico Lombardi were lead- officer of Press help solve some of the world’s the private sector informed sig- Bank today.” national Trade and Economics, ing voices on the global implica- Corporation Limited, most pressing global develop- nificant decisions at the United “Our team addressed the continued to produce leading tions of the eurozone crisis and and Amy Klement, ment challenges. Nations Climate Change Con- vice president for l most pressing challenges fac- research on the role of the ren- the prospects for a European investments at The Africa Growth Initia- ference in Durban. ing the global economy—from minbi in the global monetary solution. Dervis¸ coauthored­ Omidyar Network, macro­economic policy coordina- system. His paper received sub- an article with Brookings listen. tion and the eurozone crisis to stantial media attention, stimu- Distinguished ­Fellow Javier Photo by A lex I rvin Investing in the Future of the poverty alleviation and green lated discussion in major policy Solana, former European Union Center for Universal Education growth,” said Kemal Dervis¸ , circles in China and resulted in high representative for common foreign and security policy, on in advanced and emerging he Center for Universal Education, directed by Senior Fel- the region’s economic future. In economies. low Rebecca Winthrop, worked closely this year with the UN a paper for ForeignPolicy.com, The Latin America Initia- secretary-general’s global education initiative to provide < Lombardi proposed unorthodox tive launched a new signature quality, relevant and transparent education for all children Ngozi Okonjo-Iweala, interventions for the IMF to report series that analyzes the Tand youth, including those most vulnerable. In addition, the center’s the Federal Republic expand its financial firepower macro­economic outlook for ongoing research on private sector engagement in global education of Nigeria’s finance against systemic economic crises. Latin America from a global minister, presents has helped shape the work of the Global Business Coalition on Edu- her vision for As revolution in the Arab perspective. The first report, cation. New Brookings Trustee Hanzade Do˘gan Boyner, a longtime global development world underscored the need released in October, examined member of the Brookings International Advisory Council, provided through job creation for economic reform, Global how Latin American countries endowment support for the center that will ensure a permanent base and economic convened leading economists are responding to the eurozone of funding for its vital work. diversification, as well to outline the contours of tran- crisis and the economic slow- as policies to support CUE Director and Senior Fellow youth and empower sition across Arab nations and down in China. Rebecca Winthrop women. develop a new agenda. The Alleviating global poverty program subsequently released continued to be a key priority. After the Spring: Economic The Development Assistance Transitions in the Arab World, and Governance Initiative which showcased prescriptions launched a new interactive tool for the region’s growth and featuring data on development, development. aid, governance, global poverty Concerns over corruption and middle class populations. and poor governance grew The tool allows users to explore throughout the year. Senior differences across countries, Fellow Daniel Kaufmann changes over time, and in pow- became a key contributor to erful and graphic ways answers the Open Government Partner- important global development ship, a worldwide initiative to questions. Senior Fellow and promote transparent, effective Deputy Director Homi Kharas Photo by Paul Morigi Photo by Paul Photo by Paul Morigi Photo by Paul and accountable governments also wrote a series of papers that

11 Foreign Policy

New Strategies to Strengthen <

the International Order U.S. Secretary of State Hillary Clinton and Israeli President Shimon Peres stand with Haim Saban (far right) and Cheryl Saban (far left), founding donors of the Saban Center for Middle East Policy, at an event honoring the Sabans and the tenth anniversary of the center. During the event, Secretary Clinton and President Peres addressed critical issues in the Middle East, including increasing difficulties in Iran and Syria. Photo by S teven Purcell

< European Union High Representative for Foreign Affairs and Security Policy Catherine Ashton bids farewell to Martin Indyk, vice president and director of the Foreign Policy Photo by R al p h A lswang

program, after < offering her perspectives on the EU’s role General John Allen (left), commander of the International Security in supporting Assistance Force, talks with Senior Fellow Michael O’Hanlon, director democracy of research for Foreign Policy, about the U.S. mission in Afghanistan. and economic O’Hanlon, the Sydney Stein, Jr. Chair in International Security, made a development in seminal contribution this year to the debate on the defense budget with his

Photo by Paul Morse Photo by Paul the Middle East. book, The Wounded Giant: America’s Armed Forces in an Age of Austerity.

12 13 Foreign Policy < Chiapas unanimously adopted Cheng Siwei, former vice chairman of the first law in Mexico on the standing committee of the National internal displacement after Co- People’s Congress, presents his views Director Beth Ferris conducted on China’s new five-year plan, a master a workshop for high-level gov- agenda for economic development. ernment officials there. Senior Fellow Kenneth Lieberthal, n economic crisis released his bestselling book, gift of renewed support, Trustee director of the John L. Thornton China Given India’s emerging sweeping across The World America Made. In Haim Saban helped ensure the Center, moderated the discussion. role in the global order, Foreign Europe, continuing it, Kagan countered the rising Saban Center will continue its To ensure the center’s sustainability, Policy launched the India Proj- revolution in the argument that American power leading role in the policy debate Brookings Chair of the Board John ect and laid the groundwork Arab world, leader- is in decline and stressed the about Iran, turmoil in the Arab Thornton made a $13.5 million gift that for a new center in Delhi to provides critical resources to examine ship changes in need to maintain the United world and the Israeli-Palestinian China’s rise. examine issues of common AChina and escalating concern States’ pivotal role in the peace process. concern to India and the about nuclear programs in Iran international order. President The Brookings Doha Center United States. and North Korea all contributed Obama credited Kagan’s work provided on-the-ground analysis The Managing Global Order to the turmoil that gripped the for inspiring part of his 2012 of the Arab awakening. Research Project advised the Obama world this year. The Foreign State of the Union address. Director Shadi Hamid gained administration on resource

Policy program provided poli- As new uprisings and hotly a devoted following of 31,000 scarcity issues, and Director

cymakers and the public with contested elections took place on Twitter, and his editorial on Morigi Photo by Paul Bruce Jones wrote a major cutting-edge analysis and strate- across the Arab world, the the crisis in Syria was shared by < paper examining the Arctic’s gies to strengthen America’s Saban Center for Middle East Senator John McCain with his In collaboration with the growing strategic relevance. role in shaping the emerging Policy, under the new leader- 1.7 million Twitter followers. Doha Center, the Energy Secu- Through support from global order. ship of Senior Fellow Tamara As the euro crisis deep- Brookings President Strobe Talbott, rity Initiative convened the Brookings Trustees David “Our scholars addressed Wittes, former deputy assistant ened, new security challenges Senior Fellow and Arms Control Initiative Brookings Doha Energy Forum, Rubenstein and Ben Jacobs, Director Steven Pifer, Senior Fellow the world’s most complicated secretary of state for near east- emerged. Center on the United Kenneth Pollack, and Senior Fellow and a high-level gathering of senior Foreign Policy launched col- political and security concerns ern affairs, led significant inter- States and Europe (CUSE) Center on the United States and Europe government officials, energy laborative work across its five through in-depth research, national debate. Senior Fellows Director Fiona Hill, the Stephen Director Fiona Hill (left to right) listen sector leaders and analysts from regional centers, six initiatives landmark studies and high-level Daniel Byman, Michael Doran, and Barbara Friedman Senior as U.S. National Security Advisor Tom the Middle East, Asia, Europe and two overseas centers. forums,” said Martin Indyk, vice Kenneth Pollack and Brookings Fellow, hosted German Foreign Donilon addresses international efforts and the United States. Scholars are now analyzing new to suppress Iran’s nuclear program. president and director of For- Doha Center Director Salman Minister Guido Westerwelle to Based on Brookings-LSE domains of international inter- eign Policy. “With 40 full-time Shaikh published a “Middle examine the crisis. Senior Fel- Project on Internal Displace- action in the Arctic, cyberspace fellows covering key challenges East Memo” on Syria, drawing low and CUSE Research Direc- ment guidelines, the state of and the South China Sea. l

across the globe, from energy attention from the White House tor Justin Vaïsse released the < One year after Egypt’s revolution, “Meet security to cybersecurity and and the State Department. Dur- “2012 European Foreign Policy the Press at Brookings” assessed the from humanitarian affairs to ing the eighth annual Saban Scorecard”—an innovative eval- implications stemming from the dramatic Philip Knight Chair in Japan Studies 21st century warfare, our intel- Forum, Secretary of Defense uation of Europe’s performance. changes in the Middle East and North s the United States increases its attention to Asia, under- lectual depth and policy experi- Leon Panetta and Secretary of The Arms Control Initiative Africa. NBC’s David Gregory, author Robin standing the economic, social and security issues facing ence made a real difference.” State Hillary Clinton addressed addressed nuclear arms control Wright, Martin Indyk, and new Saban policymakers in Tokyo and Washington will continue to

Center Director Tamara Wittes (right to Photo by R al p h A lswang grow in importance. Recognizing the need for additional Amid growing debate about U.S.-Israeli security concerns and missile defense, critical left) provided their insights. Fellow Shadi America’s status in the world, and the threat of Iran’s nuclear issues during the 2012 NATO Acapacity for in-depth research and analysis on Japan and U.S.-Japan Hamid appeared live via video feed from Senior Fellow Robert Kagan program. With a $7.5 million Summit in Chicago. Director of the Brookings Doha Center. the 21st Century Defense Initia- scholar Wang Jisi on the “stra- relations, Brookings Trustee Philip Knight made a $3 million endow- tive Peter Singer’s book Wired tegic distrust” permeating U.S.- ment gift to establish the Philip Knight Chair in Japan Studies within for War continued to inform China relations helped shape the Center for Northeast Asian Policy Studies. In July 2012, Brook- heated debate about drone war- May’s Strategic and Economic ings appointed Mireya Solís, a noted expert on the political economy fare and inspired new congres- Dialogue between Secretaries of Japan and its foreign economic policies, as the first holder of the sional legislation. Clinton and Geithner and their Knight Chair at Brookings. Kim Jong-il’s death and counterparts in China. Under the North Korea’s missile launch direction of Senior Fellow Wang intensified concerns about the Feng, the Brookings-Tsinghua­ country’s nuclear program. The Center continued to examine Center for Northeast Asian China’s economic expansion and Policy Studies (CNAPS), led by demographic landscape, adding Senior Fellow Richard C. Bush, prominent Chinese academics to the Michael H. Armacost Chair, its economics team. analyzed international options. The Latin America Initia- Following Taiwan’s elections tive convened former presidents in January, CNAPS convened from Latin America for a strategy a pivotal international confer- session with Secretary of State ence exploring implications for Hillary Clinton and released Taiwan-China relations. a comprehensive roadmap for A study by Senior Fellow hemispheric cooperation. Ted Kenneth G. Lieberthal, director Piccone, deputy director of of the John L. Thornton China the Foreign Policy program, Trustee Philip Knight Mireya Solís Photo by Paul Morigi Photo by Paul Photo by Paul Morigi Photo by Paul m er Photo by S haron Far Center, and renowned Chinese launched a new Cuba initiative.

15 Governance Studies < Darrell West (right), vice president and director of Governance Studies, Strategic Reforms to moderates a discussion with Acting Secretary of Commerce Rebecca M. Blank on how the United States must advance science, technology,

Address Political Dysfunction engineering and math—or STEM—

education to increase economic competitiveness and spur innovation. <

Focusing on the urgent need for job creation, AOL Co-Founder and Revolution LLC CEO Steve Case, Senator Jerry Moran of Kansas and Senator Mark Warner of Virginia (left to right) discuss strategies to boost high-growth entrepreneurship through the Startup Act and private

sector investment. Photo by Sharon Farmer Photo by R al p h A l s wang <

Following President Obama’s State of the Union address, Senior Fellow William Galston and Fellow Elisabeth Jacobs discuss the speech in the context of the 2012 election campaign and the president’s relationship with Congress. Photo by Sharon Farmer

16 17 Governance Studies < tánamo Bay raised new ques- At the inaugural World tions at the nexus of national Forum on Governance security, law and liberty. The in Prague, Senior Fellow Harvard Law School-Brookings Thomas Mann (left) Project on Law and Security, explores challenges led by Senior Fellow Benjamin to the public and ith Congress tive engaged with bipartisan The program extended its private sector in Wittes, became the preeminent mired in stakeholders to secure passage focus on effective political lead- fighting corruption source for data on these issues. hyperpartisan in the House. This legislation ership internationally. Senior and promoting Wittes shaped the national squabbles will allow the next presidential Fellow and W. Averell Harri- good governance as security debate through a brief- and national administration to get to work man Chair in American Gover- Brookings Nonresident ing paper submitted to Con- Senior Fellow Stephen elections quickly on the nation’s pressing nance Thomas Mann, together Davis (center) and gress and influential postings

looming, political leaders strug- policy challenges. with the American Enterprise ˇ on his “Lawfare” blog. Visiting W Professor Hasung Jang R ej B e sp erát gled to find common ground on As evidenced by this suc- Institute’s Norman Ornstein, of Korea University Fellow Russell Wheeler con- pressing policy challenges. In cess, over the last year Gov- convened the inaugural World Business School (right) tributed vital research on the listen. At the conference, at least one case this year, with ernance Studies scholars Forum on Governance in Photo by O nd judiciary and the Senate confir- nearly 100 participants the help of Governance Stud- addressed U.S. political dys- Prague, which brought together from around the mation process. ies scholars, they were able to function head on, offering prag- representatives from public and world collaborated interactive web application Examining the intersection succeed. matic reforms to reinvigorate private governance communi- to write the Prague that ranks large school districts of religion and politics, Senior

In the summer of 2012, both trust in democratic institutions, ties around the world to discuss Declaration on across the country on school Fellows Dionne and Galston houses of Congress agreed to do strengthen leadership and fuel reducing corruption globally. Governance and choice. Senior Fellow Tom released a pioneering study Anti-Corruption. something they have done rarely economic growth. Mann and Ornstein pub- < Loveless revealed significant examining what it means to be in recent years: send a bill to “This year demanded solu- lished their best-selling book student achievement gaps in a American in the face of increas- the President’s desk for signing. tions that work across the It’s Even Worse Than It Looks, widely cited report, and Fellow ing religious, racial and ethnic The Presidential Appointment political spectrum to cut through which addressed the origins Senior Fellow Matthew Chingos examined diversity. The report offered Efficiency and Streamlining legislative gridlock and ignite of American political dysfunc- Benjamin Wittes (left) class size, higher education rich insight into Americans’ moderates a panel on Act of 2011, which introduced innovation,” said Darrell West, tion and outlined solutions to privacy and security costs and state grant programs. attitudes toward Islam, growing crucial reforms into the flawed vice president and director of restore the nation’s political implications raised by The ten-year anniversaries of anti-immigrant sentiment and presidential appointment pro- Governance Studies. “In key institutions. domestic drones with 9/11 and the establishment of how faith informs individuals’ cess, draws directly from the areas of policy—national secu- As the politically fraught Nonresident Senior the detention center at Guan- political views. l work of Senior Fellows William rity, health care and education, process of congressional redis- Fellow John Villasenor (right) and Paul Galston, the Ezra K. Zilkha institutional reform, and tech- tricting continued, Nonresi- Rosenzweig, a visiting Chair in Governance Studies, nology—we promoted ideas and dent Senior Fellows Michael fellow at the Heritage John H. White, Jr. Forum on Public Policy and E.J. Dionne, Jr. Galston and convened bipartisan conversa- McDonald and Micah Altman Foundation (center). Photo by Sharon Farmer ohn H. White, Jr., president and CEO of Taco, Inc. and a new Dionne briefed key staff to fuel tions to move debate forward monitored reform initiatives Brookings Trustee, made a $1 million endowment gift to Brook- momentum in the Senate—and and identify substantive policy nationwide, and their innovative provide input in the state-level mobile technology is creat- ings to establish the annual John H. White, Jr. Forum on Public the newly launched Manage- actions in a challenging political public mapping software helped redistricting process. ing jobs, increasing political JPolicy, which brings together leaders from the private, public ment and Leadership Initia- climate.” local citizens and organizations Amid fresh criticism about engagement and improving pub- and nonprofit sectors to identify new solutions to pressing policy the Federal Reserve’s role in lic health. issues. The first White Forum was held in July 2012 and focused on the aftermath of the 2008 The A. Alfred Taubman U.S. manufacturing policies in a new economic reality. The forum economic crisis, Senior Fellow Forum on Public Policy, featured Representatives David Cicilline and Don Manzullo, along Sarah Binder unveiled a new established with the generous with labor and corporate leaders, journalists, and experts, discuss- research project examining support of Alfred Taubman, ing ways to fortify manufacturing to improve the United States’ Congress’ relationship with the examined how innovative policy future economic performance, social mobility and edge central bank, the accuracy of reform and advanced technolo- in innovation. recent charges leveled against gies can modernize the U.S. it and the need for institutional health care system. Leaders reform. from academia, business and The Center for Technol- government came together for ogy Innovation introduced a conference highlighting new < forward-thinking solutions for ideas for cost containment and Silver Lake a depressed economy. West, improved care. co-founder and the center’s director, identified President Obama’s “Race to Vice Chair of the multiple policy levers—from the Top” program sparked fierce Brookings Board research and development fund- debate on education reform, Glenn Hutchins (left) ing to immigration reform—that and the Brown Center on Edu- discusses the impact of mobile technology can boost long-term prosperity. cation Policy provided influen- on innovation and West testified before Congress tial insights. Spearheaded by economic growth with on the need for a coherent Senior Fellow Grover­ J. “Russ” AT&T CEO Randall broadband strategy to enhance Whitehurst, the Herman and Stephenson (center) private sector growth. A new George R. Brown Chair in and Vice President and Governance Mobile Economy Project, sup- Education Studies, the center ported by a multiyear gift from unveiled its “Education Choice Rep. Cicilline, John White, Jr., Phillip Singerman, Studies Director Darrell West, and Rep. Manzullo (left to right) Photo by Sharon Farmer Darrell West. Qualcomm Inc., examined how and Competition Index,” an M origi Photo by Paul

19 Metropolitan Policy Bridging Metropolitan Innovation and the Global Economy Photo by Paul Morigi Photo by Paul <

Metropolitan Policy Co-Director and Senior Fellow Amy Liu moderates a discussion on how metropolitan areas can support national export goals with Fred Hochberg, president and chairman of the Export-Import Bank; Dario Gomez, associate administrator for international trade at the U.S. Small Business Administration; and Francisco Sánchez, undersecretary of commerce for international trade at the U.S. Department of Commerce (left to right).

< The Global Cities Initiative—a joint initiative with JPMorgan Chase—is helping metropolitan areas leverage their position in Photo by Mic C lik Photogra p hy

the global economy. At an < Ohio forum, Bruce Katz (left), vice president and founding director of the Metropolitan Gavin Newsom, lieutenant Policy Program, moderates governor of California, a discussion with Columbus discusses the need for Mayor Michael B. Coleman transformative investments (center) and former Chicago to address the nation’s Mayor Richard M. Daley infrastructure challenges (right), who chairs the at a major Metro Program

arry Philli p Photogra hy Photo by L arry initiative. forum in Colorado.

20 21 Metropolitan Policy < Fellow Elizabeth Kneebone At the release of charted the rise of inequality “Export Nation 2012,” and concentrated poverty. The Portland Mayor program’s quarterly MetroMoni- Sam Adams, Amy tor provided timely analysis of Liu, Bruce Katz and progress in the nation’s 100 Brookings Trustee ith a sputter- development strategy building to help them leverage their Antoine van Agtmael largest metro areas. ing recovery on distinctive industry cluster strengths in the global economy, (left to right) discuss These developments and Wash- strengths in Las Vegas and and brought needed metro- boosting exports as a occurred against the backdrop ington mired Reno. Bruce Katz, vice presi- politan innovation back into the critical step in fueling of a rapidly diversifying popula- in political dent and founding director of national policy dialogue.” economic growth. tion and workforce. Senior Fel- polarization,­ the Metro Program and the To strengthen the fun- low William Frey documented thisW year saw pragmatic met- Adeline M. and Alfred I. John- damental pillars of the next the rise of a “majority minority” ropolitan leaders across the son Chair in Urban and Metro- American economy, this year population, with more than half country work to grow jobs in politan Policy, advised Governor the Metro Program engaged of all U.S. births now occur- the short term, and retool their Andrew Cuomo on New York’s in cutting-edge research, on- ring to nonwhite and Hispanic economies for the long term. Regional Economic Develop- the-ground work in states and families. Senior Fellow Audrey The Metropolitan Policy Pro- ment Council Initiative, a $785 metro areas, substantive policy Singer authored a highly pub- gram supported those efforts by million competition to redesign development and network licized report underscoring the advancing a vision for the next the state’s economic growth building across the country. U.S. labor market’s continued American economy—one fueled strategies, and spearheaded Early in 2012, the program dependence on both high- and by innovation, powered by low subsequent work to inform the released two major reports on low-skilled immigrant work- carbon, driven by exports, rich state’s $1 billion investment manufacturing, which experi- ers. In an increasingly diverse Photo by Paul Morigi Photo by Paul with opportunity for working strategy for the city of Buffalo. enced a resurgence in the wake < and urbanized world, with families and fundamentally And in Michigan, Governor of the Great Recession. These spearheaded by Co-Director ployment, the Metro Program cash-strapped national govern- metropolitan in form and Rick Snyder and the state’s reports documented manufac- and Senior Fellow Amy Liu. explored the key trends that led ments pressed to revive their function. legislature used the Metro turing’s economic importance Colorado Governor Los Angeles Mayor Antonio to the labor market’s uneven economies, the Metro Program From the Mountain West Program’s research to guide in the nation’s 100 largest met- John Hickenlooper Villaraigosa—president of the recovery. Senior Fellow Alan is revealing how globally con- kicks off the Metro to the Great Lakes, the Metro the efforts of a new Office of ropolitan areas, and advanced program’s forum U.S. Conference of Mayors— Berube, the program’s research nected, innovative metro areas Program worked to advance Urban and Metropolitan Initia- a first-of-its-kind policy frame- on reshaping the called on fellow mayors to director, examined the links can power national economic local and state policy innova- tives on economic development, work for increasing high-wage, country’s physical adopt similar export plans. between education and employ- growth and opportunity through tions that catalyze metropoli- innovation and industry cluster export-intensive production in and economic Focusing on the growth ment in metro areas, and the 21st century. l tan growth, spur sustainable catalyzation. the U.S. landscape through potential of clean energy, the strategic, targeted economic development and “With gridlock dominating “Export Nation 2012” by infrastructure program introduced “Sizing create new and better jobs. In national politics, metro lead- Associate Fellow Emilia Istrate investments. the Clean Economy,” a path- Global Cities Initiative: A Joint Project of Nevada, Governor Brian San- ers were on the front lines of revealed that metropolitan areas breaking report, database and Brookings and JPMorgan Chase doval incorporated the Metro the economic recovery,” said are driving economic recovery interactive web tool that mea- ow that more than half of the world’s population lives in Program’s recommendations Katz. “We worked with elected, by generating the lion’s share sures the economic influence urban areas, global commerce increasingly reflects the into a new statewide economic corporate and civic officials of the nation’s exports. At a of “green” jobs in metro areas. energy and innovation of cities and metro areas. In that Co-authored by Senior Fel- spirit, the Metro Program launched the Global Cities Ini- low Mark Muro and Associate Photo by Mic C lik Photogra p hy Ntiative: A Joint Project of Brookings and JPMorgan Chase, a pioneer- < Fellow Jonathan Rothwell, the ing collaboration chaired by former Chicago Mayor Richard M. Daley The Metro forum in March, the Metro report is a go-to resource for and directed by Bruce Katz. Program’s Policy Program hosted local, state and policymakers in Washington Established with the support of a $10 million gift from JPMorgan Director and Senior national leaders—including and in cities and states across Fellow Mark Muro Chase, the Global Cities Initiative is designed to provide U.S. metro- engages in a major Portland Mayor Sam Adams, the country, and has garnered politan leaders with the tools and expertise to forge new trade part- Brookings forum Export-Import Bank President over 700 media citations since nerships and reorient their economies toward world markets. The ini- on strengthening and Chairman Fred Hochberg its release. tiative convened major forums in Los Angeles, Columbus and Miami American and Small Business Associate The Metropolitan Infrastruc- that highlighted best practices for connecting to demand abroad and manufacturing Administrator Dario Gomez—to ture Initiative, led by Senior Fel- with Rob Atkinson, attracting global talent and capital at home. The initiative’s first event president of examine how metro areas can low Robert Puentes, convened outside the U.S. will take place in São Paulo, Brazil, in November 2012. the Information help achieve national export a major summit with Colorado Technology goals. Governor John Hickenlooper and Innovation To ground the broader to discuss how advances in Foundation; Gregory export story regionally, the transportation, low-carbon Tassey, senior economist at the Metro Program guided metro- energy, and manufacturing could National Institute politan leaders in Portland, Los reshape the country’s physical of Standards and Angeles, Minneapolis-Saint and economic landscape. Testi- Technology; and Annie Paul and Syracuse in develop- fying before the Joint Economic Lowrey, economics ing customized plans to double Committee in November, Puen- reporter at the New York Times (left to each region’s exports through tes argued for needed strategic right). the Brookings-Rockefeller Proj- infrastructure investments. Senior Fellow Robert Puentes; Juan Flores, Florida Department of Transportation; Alex ect on State and Metropolitan As the nation continued Gomez, Flagler Development; Eric Olafson, PortMiami; Frank Santeiro, FedEx Express Photo by Paul Morigi Photo by Paul Innovation. These efforts were to struggle with high unem- d B alfour Photo by Davi

23 impact < Distinguished Fellows Deepen Brookings’s Impact Delivering his first public flawed presidential appoint- regional exports. Through its s part of Brookings’s engagement of outstanding public address as World Bank ment process based on the new Global Cities Initiative, president, Jim Yong Kim recommendations of Senior the Metro Program introduced servants in our mission, the Institution has created a discussed his priorities for Fellows William Galston and a new strategic vision for help- category of Distinguished Fellows. They participate in supporting international E.J. Dionne, Jr. The Gover- ing U.S. cities and metropolitan Brookings events when their travels permit, advise the development in a highly Awork of fellow scholars and staff, and serve as ambassadors for the Finding Paths Forward nance Studies Initiative on areas emerge as global leaders vulnerable global economy. Public Sector Leadership in manufacturing and trade. Institution. Brookings now has eight Distinguished Fellows: worked this year to galvanize Ranked this year as the Jon Huntsman support for similar legisla- country’s most widely cited Former U.S. Ambassador to China and Singapore tion in the House of Repre- think tank by Fairness and and Governor of Utah; current Chairman of the n 2012, political, eco- sentatives—and in August, Accuracy in Reporting, Brook- Huntsman Cancer Institute nomic and security chal- President Obama signed the ings reached more audiences lenges deepened across Presidential Appointment Effi- than ever before through stra- the nation and around the ciency and Streamlining Act tegic communications outreach world. Millions of Ameri- into law. Drawn directly from and critical investments in tech- Jean-David Levitte cans struggled to find Galston and Dionne’s work, nology. The Office of Commu- Former French Ambassador to the United States Iwork as political dysfunction this crucial step toward reform nications launched a redesign hindered progress on urgent will improve the way our gov- of Brookings’s award-winning policy challenges. The global ernment functions. website with enhanced multi- economic recovery was threat- As Washington remained media and social media tools to ened by the debt crisis that gridlocked, Brookings research streamline presentation of key spread across Europe and the also highlighted policy solu- data for policymakers, the press Sadako Ogata slowing of Asian economies. tions from state, local and and the public. The Office of Former President of the Japan International And dramatic political changes metropolitan leaders to foster Communications also launched Cooperation Agency (JICA) and United Nations continued to unfold across the job creation and innovation. a series of on-the-record media High Commissioner for Refugees Middle East, even as Iran’s The Metropolitan Policy roundtables that engaged report- nuclear program heightened Program crafted regional ers and editors from the New international concern. economic development plans York Times, the Associated Across the policy horizon, to harness the power of met- Press, the Los Angeles Times Thomas Pickering Brookings’s sound, indepen- Morigi Photo by Paul ropolitan areas as engines of and numerous others. And the Former Under Secretary of State for Policy Affairs; dent public policy research job creation and sustainable communications team dramati- former U.S. Ambassador to the United Nations, the found paths forward. Brook- around the world, our experts debate, with research by schol- presidential campaign trail, growth. The Metro Program cally expanded data visualization Russian Federation, India, Israel and Jordan ings scholars engaged with are crafting solutions that ars in the Economic Studies Governor Mitt Romney and worked with Mayor Rahm to produce more than 60 web national and world leaders in can be implemented now and program cited 14 times in Senator Rick Santorum cited Emanuel to design and imple- graphics that appeared on the dialogue, offered up-to-the- shaping the policy agenda for the Economic Report of the Sawhill and Haskins’ joint ment a multifaceted economic websites of major news orga- minute and on-the-ground the years to come.” President released by the research on expanding eco- development plan for Chicago, nizations, from the Wall Street analysis, and developed prag- Perhaps no issue symbol- President’s Council of Eco- nomic opportunity for including a first-in-the-nation Journal to the Huffington Post. l Itamar Rabinovich matic recommendations. izes Brookings’s ability to nomic Advisers. Senior Fellow low-income Americans. local infrastructure bank. Former Israeli Ambassador to the United States and Chief Negotiator with Syria; former President Through writing, convening set the agenda more than Alice Rivlin continued to drive As the deep economic Collaborating closely with of Tel Aviv University

and relationships with poli- understanding the framework the conversation about fiscal crisis in Europe continued metropolitan leaders, Senior < cymakers and other thought for American power. Arguing priorities on Capitol Hill, both to threaten recovery in the Fellows Alan Berube and Mark In July, Governor Chris Christie leaders, Brookings research against those who claim that in private meetings with law- United States, Brookings Muro and Fellow Jennifer delivered a keynote address on the economy, job creation helped to set the agenda, America’s global power is wan- makers and in congressional scholars engaged with World Bradley developed customized and tax reform, highlighting Edward G. Rendell shape the debate and define ing, early in 2012 Senior Fel- testimony. Rivlin’s Medicare Bank and IMF leaders to grap- export plans for Portland, Los his efforts to restore fiscal Former Governor of Pennsylvania and Mayor of the policy options on the low Robert Kagan published premium support plan, devel- ple with the eurozone’s chal- Angeles, Minneapolis-Saint integrity and accountability to Philadelphia world’s most pressing matters. The World America Made and oped with former Senator lenges and their implications Paul and Syracuse to double state and local government. As a result of the Institution’s reshaped the debate about Pete Domenici, became the for global markets. Senior Fel- impact in the policy arena America’s influence in an basis for a widely debated low Eswar Prasad was among and beyond, the University of emerging multi-polar global proposal introduced by Demo- the Global Economy and Pennsylvania’s Think Tanks order. Republican presidential cratic Senator Ron Wyden Development scholars who and Civil Societies Program candidate Mitt Romney regu- and Republican Congressman advised the G-20 process prior Donna Shalala again ranked Brookings the larly cited Kagan’s work in his Paul Ryan—a rare instance of to June’s summit in Mexico. Former U.S. Secretary of Health and Human Services; number one think tank in the arguments for American excep- bipartisan cooperation. And as nations came together current President of the University of Miami world. tionalism. So too did President As the U.S. economy for the Fourth High Level “As Brookings approaches Obama, who made Kagan’s sputtered, the rise in income Forum on Aid Effectiveness in its hundredth year, our highest argument a central theme in inequality came into sharper Busan, Senior Fellow Homi calling remains informing real- his State of the Union address, focus. Senior Fellows Isabel Kharas shaped the forum’s world thought and action,” when he said “anyone who Sawhill and Ron Haskins, agenda and chaired its plenary Javier Solana said Brookings President tells you that America is in who co-direct the Center on session. Former Secretary-General of the Western European Strobe Talbott. “With schol- decline or that our influence Children and Families, were Perhaps the greatest mark Union, the Council of the European Union, and the North ars testifying 45 times before has waned doesn’t know what instrumental in revising the of success is when a Brook- Atlantic Treaty Organization; former European Union High Representative for Common Foreign and Security Policy Congress this year, and advis- they’re talking about.” way the U.S. Census Bureau ings idea becomes law. Last ing world leaders at high-level Brookings remained at the measures poverty to dramati- year, the Senate passed bipar-

summits and private meetings forefront of the fiscal policy cally increase accuracy. On the tisan legislation to address the Morigi Photo by Paul

24 25 < Executive Education impact Senator Marco Rubio delivered a major n its third year as a partnership speech at Brookings between Brookings and Washington on the future of U.S. University in St. Louis’ John M. Olin < foreign policy. Rubio Business School, Brookings Execu- During January’s argued that the U.S. Itive Education continued the five-decade Growth through must continue to Innovation forum, tradition of Brookings training for the engage globally and Thomas Connelly federal workforce, offering innovative maintain its role (center), executive educational opportunities rooted in the as a leader in the vice president and Institution’s rigorous policy research and international world chief innovation the Olin School’s business expertise. order. Senator Joseph officer at DuPont, “In a time of severe fiscal challenges, Lieberman provided discussed the welcoming remarks. we are providing today’s public sector

importance of leaders with high-value, high-impact

advanced industries Photo by R al p h A lswang courses to expand critical skills,” said and exports with < Jackson A. Nickerson, director of Brook- Brookings Trustee ings Executive Education and a professor Dominic Barton (left), of organization and strategy at the Olin worldwide managing At the launch event director at McKinsey for Campaign 2012, Business School. “Over 750 senior execu- & Company. Bruce Senior Fellow Ron tives and managers are enrolled in our Katz, vice president Haskins (second from Certificate in Public Leadership program, and founding director right) addressed the now recognized as a mark of distinc- of the Metropolitan critical challenge of tion among senior leaders in the federal Policy Program, the federal budget bureaucracy.” moderated. deficit, along with Brookings Executive Education’s Senior Fellows William signature Master of Science in Leader- Gale (far right) and ship—one of the few of its kind in the Isabel Sawhill (far country—continued to grow. The degree left). John F. ­Harris offers government leaders a curriculum (second from left), editor in chief of based on Office of Personnel Manage- Politico, moderated ment guidelines. Through Olin Business the discussion. School’s participation in the Yellow Rib- bon Program, many veterans who have

Photo by R al p h A lswang Morigi Photo by Paul valiantly served the nation are now taking advantage of Brookings Executive Educa- Brookings Priorities to the Institution’s unique America’s economic competi- Poverty and economic tinued crucial research on in the eurozone, the status issues—from the federal tion’s world-class instruction. rookings’s impact strengths—and in each area, tiveness and new innovations mobility rose to the top of the energy and climate issues. of the European Union and deficit to terrorism—that the The new “Inside Government” series stems not only we developed creative and in technology. domestic and international The Energy Security Initia- the impact on the global next presidential administra- on domestic policies allowed participants from the work of workable ideas for policymak- During the full-day confer- policy agenda in the wake of tive joined with the Brook- economic recovery. Joining tion must grapple with in to hear directly from administration offi- individual scholars, ers and other world leaders,” ence, then-Secretary of Com- the global recession. Scholars ings Doha Center to host a together to address growing the coming years. cials, congressional leaders and Brookings but from collabor- said Brookings Managing merce John Bryson delivered in the Metropolitan Policy, landmark international forum global concerns around cyber- Scholars from across the scholars. And the “Critical Issues” series ative research that Director William Antholis. a keynote address on the role Economic Studies and Global examining the economic and security, the 21st Century Institution published policy addressed global policy challenges, from Bengages experts from across “This cross-program collabo- the federal government must Economy and Development strategic implications of rising Defense Initiative in Foreign briefs, short essays and blog security in the Middle East to the emerg- the Institution, bridging local, ration results in multifaceted play in spurring innovation programs fostered critical energy trade between Middle Policy and the Governance posts assessing these issues ing economies in East and South Asia. national and global perspec- solutions that ultimately and effective economic devel- dialogue on policies that Eastern and emerging Asian Studies program began and outlining independent, Two new certifications were tives on the issues. This, deepen their impact.” opment. Prominent business can strengthen opportunity economies; Economic Studies first-of-its-kind research on fact-based ideas to forge a launched this year. The Certificate in along with the ability to con- With the U.S. economy leaders—including Andrew and well-being for citizens scholars examined the fiscal advances in military and path forward. The project Policy Strategy helps agency, corporate vene policymakers, business still struggling in the wake of Liveris, president and CEO around the world. The Metro and environmental implica- security technology and the also hosted a series of live and nonprofit executives leverage crucial leaders and non-governmental­ a deep recession—and endur- of Dow Chemical Company; Program introduced ground- tions of a carbon tax and advent of “cyberwar.” webcast events, moderated policy opportunities. Designed spe- experts to find solutions, is ing the longest uninterrupted John Surma, chairman and breaking work on where the controversial Keystone by P­ olitico journalists, cifically for human resource managers, one of Brookings’s distinctive period of high joblessness CEO of U.S. Steel; and Ted poverty is concentrated in XL Pipeline; and the Metro Campaign 2012 to foster­ discussion among the Certificate in Talent Development strengths. This year, inter- since the Great Depression— Leonsis, chairman and CEO the United States; Economic Program developed the first As the contentious 2012 Brookings scholars, journal- includes an accredited 12-day Coach disciplinary teams of schol- scholars in the Metropolitan of Monumental Sports and Studies experts focused on comprehensive analysis of the presidential campaign ists and the public and to Development Program. ars came together to craft Policy, Economic Studies Entertainment—highlighted what fiscal and social policy clean economy’s size, charac- began in earnest, Brookings highlight new policy rec- Through the new “BEE with YOU” effective policy strategies on and Governance Studies the role of the private sector change is needed to increase ter and growth. launched the Institution-wide ommendations. All of the program, Brookings brought executive pressing social, economic and programs worked to find in boosting economic growth. economic mobility and reduce A rapidly shifting interna- Campaign 2012 project to go papers produced by Cam- education directly to agency locations environmental challenges. solutions to spur long-term Brookings trustees, includ- poverty; and in Global Econ- tional order and new secu- beyond the polls and sound paign 2012 were published across the country—including the U.S. Their work focused around economic prosperity. Early ing Klaus Kleinfeld, chairman omy and Development, schol- rity challenges emphasized bites of election year politics in a book that was released Transportation Command at Scott Air Brookings’s core set of priori- in the year, Brookings con- and CEO of Alcoa; Dominic ars addressed how to improve the need to manage global and examine the most critical this spring. Together, they Force Base and the Army Contracting ties—growth through innova- vened a major conference on Barton, worldwide managing the effectiveness of foreign change. This year, experts in public policy matters facing serve as a roadmap for the Command at Redstone Arsenal. And tion, opportunity and well- growth through innovation director of McKinsey & Com- aid and achieve universal the Foreign Policy, Economic the country. Led by Gover- next presidential adminis- a custom program designed for the being, energy and climate, that brought together govern- pany; and Shirley Jackson, education. Studies and Global Economy nance Studies Senior Fellow tration on issues of critical Department of Veterans Affairs was sub- and global change. ment officials and CEOs of president of Rensselaer Poly- Experts across the Foreign and Development programs Benjamin Wittes, Campaign importance to American mitted to the President’s Management “Each of Brookings’s leading U.S. businesses to technic Institute, also shared Policy, Economic Studies launched a major project to 2012 looked at twelve major ­voters, regardless of party Council as a potential model for other key priorities corresponds discuss ways to strengthen their perspectives. and Metro programs con- examine the ongoing crisis domestic and foreign policy affiliation. l government agencies. l

26 27 Support for brookings < Trustee Bart Friedman Investing in Ideas That Matter responds to a conversation with the Board on the 2012 U.S. presidential

Photo by Paul Morigi Photo by Paul election. very Wha m very Photo by J. A <

Trustee Cheryl Cohen Effron participates in a Brookings Council discussion in New York. Photo by Paul Morigi Photo by Paul <

Vice Chair of the Board Suzanne Nora Johnson speaks with Trustees Leonard Schaeffer (center) and Al Engelberg, founder of the Engelberg Center for Health Care Reform.

< Vice Chair of the Board David Rubenstein leads a conversation on the role innovation has played as an underlying strength of the U.S. economy with Eric Schmidt, executive

chairman of Morigi Photo by Paul Google, during < the joint Board of Trustees- International Advisory Council member International Andrónico Luksic at the group’s seventh Advisory Council annual meeting.

Photo by Paul Morigi Photo by Paul meeting.

28 29 Support for brookings < the Brookings Energy Security International Initiative, examined the grow- Advisory Council ing role of domestic natural gas member Hutham supplies. Olayan participates Senior Fellow E.J. Dionne, in a simulated Jr. and Council members in emergency session t its core, port work in all five research cal investments in Brookings of the United Nations Greenwich explored the impli- Brookings’s programs and underwrite core include Trustee Vicki Sant’s Security Council cations of the possible elec- strengths come operations, provide the solid commitment to Brookings’s during the IAC’s tion outcomes for U.S. foreign from its people. foundation that enables Brook- general operations and to annual gathering, as policy and its role in the world. The Institution ings to respond to national and the Center on Children and Brookings Managing Senior Fellows Tom Mann, the Director Bill Antholis brings together global challenges with inde- Families. The Turkish Indus- and Senior Fellow W. Averell Harriman Chair in Athe very best scholars—thought pendent, fact-based research. try and Business Association Steve Cohen listen. American Governance, and leaders with first-rate academic Major support from Brookings established a new senior fellow Sarah Binder led a conversation credentials and practical experi- Trustees and other individuals, position in the Center on the in Washington about the key ence in government and the pri- corporations and foundations United States and Europe that causes and implications of the vate sector—in an environment advanced research priorities in gives CUSE enhanced capacity dysfunctional state of American

of intellectual freedom. It gives key areas and helped ensure to address the pressing issues Morigi Photo by Paul politics. them the tools they need to the long-term financial health in the U.S.-Europe relation- In all of these events, mem- pursue their ideas and possible of the Institution. ship, including work on Turkey. Brookings Council Engages L. Thornton China Center, bers of the Brookings Council solutions and then disseminate Brookings is grateful to its Brookings also renewed its in Policy Dialogues with speaking to a capacity crowd had the opportunity to pose them to influential audiences. entire family of supporters—the partnership with the University Leading Experts in Washington on achieving questions to the participating

This is only possible with the people and institutions whose of Nevada, Las Vegas (UNLV), Brookings works to connect its corporate success in China, and Brookings experts and engage philanthropic support of donors financial contributions bring which includes both the Metro < supporters nationwide with the Vice President of Governance in a thoughtful discussion of who share the Brookings vision the critical resources that make Program’s work on the moun- Institution through event invita- Studies Darrell West discuss- the pressing issues of the day. that independent policy it possible for Brookings to tain west and the innovative Trustee James A. tions (and transcripts and web- ing online privacy and security Brookings strives to not only research is indispensable to engage with policymakers and Brookings Mountain West Johnson, chair casts for those who can’t attend with Council members in New bring innovative thinking to the how we, as a nation, govern thought leaders around the program of scholar residencies, emeritus, talks to in person), conference calls, York and Washington. Brookings most difficult problems facing ourselves. world. A number of important with a four-year, $6 million gift Foreign Policy complimentary publications and President Strobe Talbott gave the country and the world, but gifts are highlighted throughout from UNLV. Program Leadership other interactions with Brook- an overview of America’s chal- to also draw on the views of Committee member Leadership Gifts Build the pages of this report, and Even as they tackle the William Shutzer ings leadership and scholars. lenges to a group in Greenwich, Council members, whose expe- a Platform for Sustained these, along with several other most pressing front-page issues, between sessions The 2012 Brookings Council Connecticut, while Senior Fel- riences on the front lines of the

Excellence major investments, helped Brookings experts always have at a Board meeting. Morigi Photo by Paul calendar touched on the full low Alice Rivlin led a sobering private sector help inform the In 2012, donors demonstrated ensure that Brookings experts one eye on the challenges loom- range of foreign and domestic discussion of deficits, debt and Institution’s research. their confidence in Brookings had the tools to bring their ing just over the horizon, so works to meet these challenges, policy issues facing decision- the economic future with a very with investments of more than intellectual heft and method- multiyear gifts that enable both the support and involvement of makers in exclusive events that engaged audience in New York. Corporate Donors $118 million in new commit- ological rigor to even the most sustained attention to ongoing the Institution’s donors play a featured some of the Institu- Fellow Douglas Elliott Make Critical Investments ments, the highest one-year vexing problems facing the issues and nimble responses to vital role in building its capac- tion’s leading experts. and Senior Fellow Domenico in Brookings total in the Institution’s history. country. breaking developments are par- ity to bring innovative solutions Highlights include Kenneth Lombardi spoke to Council Brookings has long worked

These resources, which sup- Examples of these criti- ticularly valuable. As Brookings and frame the public debate. Lieberthal, director of the John members in New York on the closely with the corporate com- < eurozone crisis and its possible ­ munity to maximize the reach outcomes and resolutions. and impact of its experts’ policy Addressing a topic that holds recommendations. Since the Trustee Robert Bass tremendous implications for Institution’s founding nearly a

talks with his wife the U.S. economy, Senior Fel- century ago, private sector lead-

Anne Bass (right) and low Charles Ebinger, director of ers who understand the crucial Brookings Council member Marcia Dam < about strategies for maximizing the impact of Brookings’s Rahul Bajaj, member work. of the International Advisory Council, discusses the Obama administration’s foreign policy goals with Tom Donilon, < assistant to the Vice Chair of the president for national Board Suzanne security affairs and Nora Johnson offers a former Brookings her thoughts on Trustee. Chair of how Latin America the Board John L. has weathered the Thornton listens. economic crisis and where opportunities for growth lie going Photo by Paul Morigi Photo by Paul Photo by Paul Morigi Photo by Paul forward. Photo by T o p her Si m on

30 31 < < Support for brookings Niharika Chibber Welcoming Joe and Paul Brooks Trustee Howard from Tata Sons Ltd. New Trustees Cox debates with Nonresident rookings elected four new what the Senior Fellow Jane Trustees to the Board in 2012 election Nelson (center) at a 2012. They join a distin- will mean for Brookings Council B governance and guished group of the country’s role of independent research and that seeks to make a difference. event hosted by policymaking the Tata Group of foremost business executives, analysis have made financial and All of these companies recognize with Wilbur companies in New academics, community leaders intellectual investments in the the unique value that the Insti- Ross, chair of York, where Nelson and former government offi- the Brookings Institution’s mission. Their sup- tution brings to understanding spoke about private cials. The Board, which meets Economic sector solutions for port provides the resources that developments in Washington three times a year, helps gov- Studies Council. creating sustainable

underwrite Brookings’s research and around the world and the Morigi Photo by Paul development ern the business affairs of the very Wha m very agenda and the communica- policy responses to urgent and < strategies. Institution, approves the fields tions and outreach tools that are enduring challenges. of scholarly investigation, and essential to reaching a broad and State Farm Mutual Auto- safeguards the independence of Photo by J. A influential audience. mobile Insurance Company Trustees Alan the Institution’s work. Brookings Dachs, chair More than 130 companies made a five-year commitment to Wolfers can continue to attract of breaking out of the anemic with strategic investments in welcomes its newest members to joined the Brookings Council in support the Brookings Papers on of the Foreign top economists as paper authors economic recovery and leverag- the Economic Studies and Policy program the Board of Trustees: 2012, giving their senior execu- Economic Activity, the nation’s and respondents and maximize ing an increasingly intercon- Metropolitan Policy programs. Leadership • Hanzade Do˘gan Boyner tives frequent, exclusive oppor- premier macroeconomic jour- Committee the distribution of the journal to nected world. The Foundation’s more than Vice Chairwoman, Do˘gan (left), and Ben tunities to engage with Brook- nal and conference. Now in important audiences. $800,000 in grants in 2012 ­Holding ¸Sirketler Grubu A.¸S. ings experts and their work. its forty-second year, BPEA Jacobs listen to Brookings also received Foundations Support includes critical funding for • John Chen Brookings values the insights provides thoughtful, accessible a discussion on multiyear support from Liberty Important Research Efforts research on supports for low- challenges in Chairman and Chief Executive and experience that these corpo- economic analysis that addresses the Middle East Mutual for the work of experts Private philanthropic founda- income families, such as the Officer, ­Sybase, Inc. rations bring to a range of public pressing issues with concrete in the Foreign Policy and tions have been making impor- Earned Income Tax Credit, and with experts • James Rogers from Foreign policy issues, as well as the recommendations for effec- Global Economy and Develop- tant investments in Brookings a regional study on Baltimore, Chairman, President and Policy and the respect these companies hold tive policymaking. State Farm’s ment programs. As a global research programs for decades. where the foundation is based. Chief Executive Officer, for the Brookings brand of high- investment helps ensure that co- Brookings Doha company competing in a variety The resources they provide are The Casey Foundation also Center. Duke Energy

quality, independent research editors David Romer and Justin Morigi Photo by Paul of markets, Liberty Mutual’s vital to ensuring that the Institu- provides important resources • John H. White, Jr. < executive leadership recognized tion’s experts can take on the big- for the Center on Children and President, Taco, Inc. that Brookings’s independent gest challenges facing the nation Families, which is co-led by Louis Cabot Celebrates 50 Years research on global trends—the and the world and come up with Senior Fellows Isabel Sawhill, as a Brookings Trustee International growth of the middle class practical, effective solutions. the Cabot Family Chair, and Advisory Council worldwide, the rise of emerging The Ford Foundation is Ron Haskins. Its innovative Co-Chairman 012 marked 50 years on the Brookings Board of Trustees for markets and democracies, and among Brookings’s most long- work on the Social Genome Louis Cabot, who served as chair from 1986–1992. When Louis Paul Desmarais (right) and the evolution of multilateral standing supporters, with major Project is building a computer joined the Board in 1962, Brookings had just moved into its IAC member institutions like the G-20— grants dating back more than model of social interventions new headquarters at 1775 Massachusetts Avenue, just east of Andrónico could help U.S. industry under- half a century. Ford’s support at various stages of life to 2Dupont Circle, from its original home on Jackson Place. John F. Ken- Luksic exchange stand important developments. has spanned the entire Institu- determine the most effective perspectives on nedy was in the White House and the Cuban Missile Crisis was about The company’s support for tion, with key investments in approaches to help low-income to begin. In his half-century of service to Brookings, Louis has guided the challenges and opportunities Brookings includes work on the topics ranging from urban pol- individuals reach “middle class the Institution in helping the nation meet its most difficult challenges. Photo by Steve Ca s tillo Photogra p hy facing Latin critical countries and regions— icy to energy policy and across by middle age.” l New Trustee James Rogers discusses Throughout, he has embodied the qualities that have made Brookings American China, India, Russia, Latin the world, from Latin America the benefits of investing in clean energy the world’s leading think tank: a dedication to independent thought countries. America, Southeast Asia and to Europe to Asia. In 2012, innovation during a Hamilton Project and the value of intellectual pursuits. At the June Board meeting, < forum at Stanford University that focused

Europe—that drive the global Ford made grants to Brookings New Trustees Hanzade Dog˘ an current Chair John L. Thornton presented him with a framed copy of on how best to manage new opportunities

Photo by Paul Morigi Photo by Paul economy. totaling more than $1.5 million, Boyner, John White, Jr., and John the 1962 Brookings Annual Report as a token of the Institution’s grati- while achieving the U.S.’s long-term < Chen share key takeaways from General Electric provided which included a major renewal energy and environmental goals. tude for five decades of support, counsel, and unwavering leadership. important support through the of its support for the Metropoli- their first Board meeting. Trustees Louis GE Foundation for the Metro- tan Policy Program’s work on Trustee Tracy Cabot, chair politan Policy Program’s work on enhancing opportunity in the Wolstencroft emeritus, and the next economy and strategies next economy for low-income reacts to a Ezra Zilkha panel discussion that cities and metro areas can workers and families. Ford also (right) mark on competing employ to take maximum advan- invested in an effort in the Gov- Cabot’s 50th policy ideas year on the tage of their growth potential. ernance Studies program, led by for restoring Brookings The Metro Program’s vision for Senior Fellows E.J. Dionne, Jr. U.S. economic Board. the future economy—one that and William Galston, the Ezra growth. is export-based, rich with oppor- K. Zilkha Chair in Governance tunity and low-carbon—holds Studies, that examines the great promise for sustainable, intersection of faith, religion broadly shared economic growth and public policy. and prosperity. Forward-looking The Annie E. Casey Foun- companies like GE are investing dation has generously sup- in Brookings to help find long- ported Brookings’s domestic Photo by Paul Morigi Photo by Paul Photo by Paul Morigi Photo by Paul Photo by Paul Morigi Photo by Paul term solutions to the challenges policy work for many years,

32 33 BOARD OF TRUSTEES Honor Roll of C ontributors Cash Received July 1, 2011–June 30, 2012

John L. Thornton Bart Friedman Larry D. Thompson William T. Coleman Jr. Arjay Miller $5,000,000 and Above Hanzade Do˘gan Boyner, Do˘gan Citi Reliance Industries Limited Chair of the Board Senior Partner Executive VP of Governmental Senior Partner and The Senior Dean Emeritus Irene Diamond Fund, Inc. Group of Companies Comcast Corporation Charles W. Robinson Brookings Cahill Gordon & Reindel Affairs, General Counsel and Counselor Stanford Graduate School of Business Corporate Secretary O’Melveny & Myers LLP Blair W. Effron and Cheryl Cohen La Corporación Andina de Rockefeller Brothers Fund Glenn Hutchins Ann M. Fudge PepsiCo, Inc. Mario M. Morino $2,500,000–$4,999,999 Effron Fomento James E. Rogers Vice Chair of the Board Former Chairman and CEO Alan M. Dachs Co-Founder and Chairman Brookings Young & Rubicam Brands Michael L. Tipsord President and CEO Venture Philanthropy Partners Bill & Melinda Gates Foundation Exxon Mobil Corporation Jonathan Coslet Robert E. Rubin Co-Founder Vice Chairman and Chief Operating Fremont Group The William and Flora Hewlett Google Inc. The Council for the United States Victoria and Roger Sant Silver Lake Ellen Futter Officer Samuel Pisar Ph.D. President State Farm Insurance Companies Kenneth W. Dam International Lawyer Foundation Health Care Conference and Italy The Sasakawa Peace Foundation Suzanne Nora Johnson American Museum of Natural Max Pam Professor New York and Paris Vice Chair of the Board History Andrew H. Tisch of American & Foreign Law Government of the State of Qatar Administrators, LLC Howard E. Cox Nassef Sawiris Brookings Co-Chairman of the Board University of Chicago Law School Charles W. Robinson John L. Thornton Hitachi, Ltd. Alan and Lauren Dachs Schlosstein-Hartley Family Former Vice Chairman Jeffrey W. Greenberg Loews Corporation President The Goldman Sachs Group, Inc. Chairman Steven A. Denning Robinson & Associates, Inc., University of Nevada, Las Vegas Kenneth M. Jacobs Daimler Foundation Aquiline Holdings LLC Antoine W. van Agtmael Chairman CBTF Co., and M Ship Co. Japan International Cooperation George A. David Eric E. Schmidt David M. Rubenstein Senior Adviser General Atlantic Vice Chair of the Board Brian L. Greenspun Garten Rothkopf James D. Robinson III $1,000,000–$2,499,999 Agency Paul Desmarais, Jr. Eric S. Schwartz Chairman and CEO Vishakha N. Desai Ph.D. General Partner and Co-Founder Brookings Former Chairman The Korea Foundation eBay Tokyo Sexwale Co-Founder and Managing Director Greenspun Media Group Ashmore EMM, LLC Senior Advisor for Global Policy RRE Ventures Anonymous The Carlyle Group and Programs Booz, Allen & Hamilton, Inc. Living Cities, Inc. European Commission Shell Oil Company Shirley Ann Jackson Ph.D. John H. White Jr. The Guggenheim Foundation Warren B. Rudman Strobe Talbott President President and CEO Co-Chair Annie E. Casey Foundation The Markle Foundation Alfonso Fanjul Clarice Smith Rensselaer Polytechnic Institute Mario Draghi Albright Stonebridge Group President Taco, Inc. Alfred and Gail Engelberg McGill University FedEx The Stupski Foundation Brookings President Benjamin R. Jacobs John W. Wilhelm European Central Bank Haim Saban The Ford Foundation Microsoft Corporation David and Marianna Fisher Kihak Sung, Youngone Corporation Liaquat Ahamed Senior Advisor /Founder President Chairman and CEO Former Chief Executive Officer The JBG Companies UNITE HERE Lawrence K. Fish Saban Capital Group, Inc. Glenn H. Hutchins Charles Stewart Mott Foundation General Electric Company Swedish Ministry for Foreign Fischer Francis Trees and Watts, Inc. Former Chairman and CEO JPMorgan Chase & Co. Office of Development The George Washington University Affairs Kenneth M. Jacobs Tracy R. Wolstencroft Citizens Financial Group, Inc. B. Francis Saul II Dominic Barton Chairman and CEO Advisory Director President and Chairman Philip Knight Effectiveness of the Australian German Federal Ministry for Lynn B. Thoman Lazard Cyrus F. Freidheim Jr. B.F. Saul Company Global Managing Director Goldman, Sachs & Co. Liberty Mutual Group Agency for International Economic Cooperation and Toyota McKinsey & Company, Inc. Chairman Richard A. Kimball Jr. Daniel Yergin Old Harbour Partners, LLC Ralph S. Saul Development Former Chairman The John D. & Catherine T. Development George Tsunis Robert M. Bass Nemir Kirdar Vice-Chairman President IHS, Inc. David Friend CIGNA Corporation MacArthur Foundation State Farm Mutual Automobile Pablo González Unbound Philanthropy Founder, Executive Chairman and President and CEO Keystone Group, L.P. CEO Founder Michael P. Schulhof Richard Merkin Insurance Company William T. Grant Foundation U.S. Department of Energy IHS Cambridge Energy Research Carbonite, Inc. Alan R. Batkin Investcorp Chairman and CEO Government of Norway Tom Steyer and Kat Taylor The George Gund Foundation Visa Inc. Associates Lee H. Hamilton Global Technology Investments Vice Chairman Klaus Kleinfeld Government of Switzerland Harvard University The Walton Family Foundation, Eton Park Capital Management Daniel B. Zwirn Director The Rockefeller Foundation Chairman and Chief Executive The Center on Congress John C. Whitehead, chair emeritus Officer Managing Partner David M. Rubenstein Taipei Economic and Cultural The F.B. Heron Foundation Inc. Crandall Bowles Zwirn Family Interests, LLC Indiana University Stephen M. Wolf Chairman Alcoa, Inc. Haim and Cheryl Saban Representative Office Hewlett-Packard Company Washington University in St. Louis William A. Haseltine Ph.D. Chairman Springs Industries, Inc. Philip H. Knight RR Donnelly and Sons Company Embassy of the United Arab The Urban Institute Institute for International John Hazen White, Jr. HONORARY TRUSTEES President Hanzade Do˘gan Boyner Chairman The Haseltine Foundation Emirates U.S. Agency for International Economic Studies (IIES) Tracy R. Wolstencroft Nike, Inc. Ezra K. Zilkha Vice Chairwoman Robert J. Abernethy Chairman President Development James A. Johnson Daniel B. Zwirn Do˘gan Holding ¸Sirketler Grubu A.¸S. Rajan Bharti Mittal President Haseltine Global Health, LLC Zilkha & Sons, Inc. $500,000–$999,999 Antoine van Agtmael The Robert Wood Johnson Paul L. Cejas Vice Chairman and Managing American Standard Development Teresa Heinz Chairman Director Co., Inc. Chairman Anonymous (3) Foundation $50,000–$99,999 Bharti Enterprises Limited PLC Investment, Inc. Elizabeth E. Bailey Heinz Family Foundation Dartmouth Institute $100,000–$249,999 Samer Khoury Anonymous (4) Professor Emerita, John C. Hower John S. Chen Nigel Morris Joel Z. Hyatt Government of Denmark Anonymous (6) Richard A. Kimball, Jr. AARP Chairman and CEO Managing Partner Professor of Business and Public CEO Sybase QED Investors Policy Current Media, LLC Steve and Roberta Denning Robert John Abernethy Nemir Kirdar ACE Charitable Foundation The Wharton School Mohammed Mahfoodh Al Ardhi Edward M. Lamont Paul Achleitner Abby Joseph Cohen James Murren University of Pennsylvania James A. Johnson, chair emeritus Roger Hertog President, Global Markets Institute Chairman and CEO Vice Chairman Gail and Benjamin Jacobs Alcoa Foundation Lancaster General Health Hospital Allen & Company LLC and Senior Investment Strategist MGM Resorts International Zoë Baird Budinger Perseus, LLC President Stavros Niarchos Foundation Altman/Kazickas Foundation Lazard Frères & Co. LLC America’s Promise Goldman, Sachs & Co. Thomas C. Ramey The Markle Foundation Ann Dibble Jordan Qualcomm Incorporated AT&T Services, Inc. The Henry Luce Foundation Amsterdam International Institute Howard E. Cox Former Chairman Advisory Partner Liberty International, Liberty Mutual Rex J. Bates Vernon E. Jordan Jr. Alfred P. Sloan Foundation Dominic Barton Andrónico Luksic for Development Greylock Group Senior Managing Director Richard C. Blum Lazard Surdna Foundation, Inc. Robert M. Bass Lumina Foundation for Education Arrangements Abroad, Inc. Arthur B. Culvahouse Jr. Edgar Rios Chairman and President Of Counsel UnitedHealth Group, Inc. Beatrice Snyder Foundation Mars, Incorporated Association for Corporate Growth Partner Co-Founder and Managing Director Blum Capital Partners, LP Akin Gump Strauss Hauer & Feld, Wenzi Capital Partners U.S. Food and Drug Administration Daniel Berger Eric M. Mindich Rahul Bajaj O’Melveny & Myers LLP Geoffrey T. Boisi LLP Ezra K. Zilkha Howard P. Berkowitz The MITRE Corporation Banco Centroamericano de Paul Desmarais Jr. James Rogers Chairman and CEO Herbert M. Kaplan Chairman and Co-CEO Chairman, President, and CEO Roundtable Investment Partners LLC Chairman and CEO Crandall C. Bowles The Nasdaq OMX Group, Inc. Integración Económica Duke Energy Power Corporation of Canada Louis W. Cabot, chair emeritus Warren Equities $250,000–$499,999 BP National Intelligence Council Banco Davivienda S.A Chairman Kenneth M. Duberstein Victoria P. Sant Donald F. McHenry The Laura and John Arnold William D. Budinger, The Rodel National Science Foundation Alan R. and Jane Batkin Chairman and CEO President Cabot-Wellington LLC Distinguished Professor in the The Summit Foundation Foundation Foundations The New York Community Trust— Battelle The Duberstein Group, Inc. James W. Cicconi Practice of Diplomacy and Leonard D. Schaeffer Senior Executive Vice President– International Affairs Richard C. Blum and the Canadian Department of Foreign Gallogly Strickler Family Fund S.D. Bechtel, Jr. Foundation Cheryl Cohen Effron School of Foreign Service Founder Founding Chairman & CEO External and Legislative Affairs Honorable Dianne Feinstein Affairs and International Trade Nomura Foundation Bluegrass Economic Advancement WellPoint AT&T Georgetown University Conjunction Fund Boston College Paul L. Cejas Open Society Foundations Movement (BEAM) Lynn Thoman Alfred B. Engelberg The Brown Foundation, Inc. of John S. Chen Richard Perry The Boeing Company Trustee Co-President The Engelberg Foundation Leon Lowenstein Foundation Houston Cheniere Energy, Inc. Victor Pinchuk Foundation Geoffrey T. Boisi and the Boisi Carnegie Corporation of New York Chevron Ploughshares Fund Family Foundation Charles Collier China-United States Exchange PricewaterhouseCoopers LLP The Andrea and Charles Bronfman Timothy C. Collins Foundation Pritzker Traubert Family Fund at Brandeis University The Nathan Cummings Foundation Foundation Bruhn-Morris Family Foundation

34 35 Honor Roll of C ontributors Honor Roll of C ontributors

The Morris and Gwendolyn Cafritz Jaime J. Montealegre The Honorable Kenneth W. Dam Siemens Corporation Porter Dawson NATO American Society of the French Martin Indyk Foundation Mario M. Morino and Marcia W. Dam Samuel M. and Helene K. Soref Deloitte Consulting LLP Northern Trust Legion of Honor Ann and Vernon E. Jordan, Jr. CenterState CEO Nihon Keizai Shinbunsha Department of the Air Force Foundation Anthony and Darian Downs NTT Corp. Ann M. Fudge Norma Kacen The Civic Council of Greater (NIKKEI) Department of the Army The Spencer Foundation Emerson Electric Co. Richard B. Nye and Francesca Leslie I. Gold Catherine Kelleher Kansas City Northrop Grumman Corporation Eli Lilly and Company Foundation Sumitomo Mitsui Banking Robert S. Evans Stanfill-Nye Cynthia Helms Thomas L. Kempner The Coca-Cola Company Northwestern University European Council on Foreign Corporation Roger C. Faxon Panasonic Corporation Harold Hestnes Mostafa Khezry Abby Joseph Cohen The Olayan Group Relations Taconic Capital Advisors LP Lawrence K. Fish Gordon and Dailey Pattee Joseph F. Horning Douglas Kiessling Ronald Cohen Palantir Technologies Edith B. Everett TerraPower French Ministry of Foreign Affairs George L. Perry Nicholas Jakobson Andrew Klaber Jonathan E. Colby Pearson plc Embassy of the Federal Republic UNITE HERE International Union Frey Foundation Pratt & Whitney Lou Anne King Jensen Kristin Knaus Community Care of North PepsiCo, Inc. of Germany University of California, Berkeley David Friend Marie Ridder The Lewin Group, Inc. Stephen Kreisle Carolina John G. Popp Fidelity Investments University of Florida Health John L. Furth Daniel and Joanna Rose Sarah and Peter O’Hagan Wayne P. Limberg Dawat-e-Adiyah (America), A Princeton University Government of Finland Science Center Goldman Sachs Elihu Rose Ono, Inc. Bruce K. and Virginia N. MacLaury Corporation Sole Thomas C. Ramey and Perrin The Lee and Juliet Folger Fund University of Texas Medical Branch Brian L. and Myra S. Greenspun William R. Salomon James Pedas Andrew J. Malik David W. Ducommun Ireland Foundation for the Mid South U.S. Coast Guard Office of and the Greenspun Family Searle Freedom Trust Theodore Pedas Ronald Massie Deborah L. Duncan Joseph L. Rice III Mitzi and Cyrus F. Freidheim Jr. Strategic Analysis Foundation Shimizu Corporation Ralph S. Saul Donald F. McHenry Edison Electric Institute Edgar and Lillian Rios Future World Foundation Enzo Viscusi, EniSpA Patrick Gross Steven J. Simmons Kenneth Siegel Stephen C. Morris John Elkann Stephen Robert Mark Gerson Mallory Walker Agnes Gund Emily and Robert E. Smith Frederick Stavis Sakura Namioka Jay C. Farrar James D. Robinson III Teresa Heinz Kerry Wells Fargo & Company John H. and Susan K. Gutfreund Sojitz Foundation Jeffrey and Susan Stern Rochelle Novins Julie Finley Wilbur Ross Fiona Hill Westinghouse Electric Corp. The Marc Haas Foundation Andrew and Patricia Steffan Strategies for the Global William A. Owens M. Shafik Gabr Sabanci University IBM Poju Zabludowicz Robert D. and Colleen G. Haas Leila and Mickey Straus Environment Alan Patricof David B. Ford SAP America, Inc. Intel Corporation Adam and Ariel Zurofsky Steve and Sheila Hamp Sumitomo Corporation of America SunTrust Banks, Inc. Steven Pifer Embassy of France Jonathan Schaffzin International Committee of the The Harris Family Foundation T. Rowe Price Margaret L. Tomlinson Porten Family Foundation Bart Friedman The Schroder Foundation Red Cross $10,000–$24,999 June R. Hechinger Paul and Chandler Tagliabue Paul Verbinnen and Cecilia Greene Amy and John Porter Victor and William Fung Seattle International Foundation Frank F. Islam Anonymous (3) Hudson Institute Nelson Talbott Malcolm H. Wiener Helen Raffel Foundation Charles Sirois Japan Bank for International Meena and Liaquat Ahamed International Fund for Agricultural Strobe Talbott Ellen Ranzman and Daniel Katz General Dynamics Corporation Specialized Association Services Cooperation American Society of Clinical Development Larry D. Thompson Up to $4,999 John and Beth Repke Georgetown University Standard Chartered Bank Johns Hopkins University Oncology ITOCHU International Inc. Michael L. Tipsord Anonymous (2) Stanley and Louise Resor Greater Cincinnati Health Council Statoil The Henry J. Kaiser Family Eileen A. Aptman Martin D. Jacobson Toshiba America, Inc. Henry Aaron Christopher Reynolds Foundation Jeffrey W. Greenberg David S. and Sylvia Steiner Foundation The Loreen Arbus Foundation Japan Air Self Defense Force Tudor Investment Corporation Andrea Austin Marshall Rose William A. Haseltine, Ph.D. Tata Group of companies Betsy Karel Asian Development Bank Institute Douglas M. Kaden Unicredit SpA Patricia Bacon Richard Royce Heidrick & Struggles A. Alfred Taubman Drew Katz Australian National University Joel and Ricki Kanter University of Wisconsin, Madison Harley D. Balzer Blair Ruble Heinrich Böll Foundation Time Warner, Inc. Ewing Marion Kauffman Liza Bailey J.M. Kaplan Fund Verizon Communications Richard Barnes Warren B. Rudman The Heinz Endowments UCLA Health System Foundation The Bank of Tokyo-Mitsubishi UFJ James C. Kautz VOX Global William Horton Beebe-Center B. Francis Saul II Reid Hoffman Marcus Wallenberg, Skandinaviska Howard and Kate Kilguss Joanne Barker Robert and Arlene Kogod Seymour and Kathleen Weingarten Steven J. Bennett Henry B. Schacht The Jenesis Group Enskilda Banken Lincoln Institute of Land Policy The Bauman Family Foundation, Embassy of the Republic of Korea John C. Whitehead Robert Bestani Robert Schulz Alan K. Jones Wal-Mart Stores, Inc. Marine Corps University Inc. Korea Development Institute Stephen M. Wolf The Boston Foundation Senior Housing Analytics Herbert M. Kaplan Beatrice W. and Anthony Welters McKinsey & Company, Inc. Bloomberg Philanthropies Korea International Trade Xerox Corporation Louis W. Cabot Salman Shaikh Tom Kaplan Lance West Metropolitan Washington Council Anders Brag Association (KITA) Peter Clement Alvin Sherman Family Foundation George Kellner Western Union Foundation of Governments Norman Braman KPMG LLP $5,000–$9,999 Morton and Shirley Cohen Sodexo, Inc. Tawfic Khoury The World Bank University of Michigan Bristol-Myers Squibb Foundation Legatum Institute Elizabeth E. Bailey Roberta Cohen Edwin Soforenko Foundation Lennar Urban Mitsubishi Heavy Industries Carter Cafritz Toby Devan Lewis Zoë Baird Budinger William T. Coleman, Jr. Alexander Sokolowski Lockheed Martin Corporation $25,000–$49,999 America, Inc. Conrad Cafritz Gordon Litwin and Anne Luzzatto Steffi and Robert Berne Cheryl Costa Helmut Sonnenfeldt Dan W. Lufkin, Peter Jay Sharp Anonymous National Counterterrorism Center Canada Pension Plan Investment Malcolm R. and Celia Lovell Richard C. Bush Bruce B. Dayton Lawrence H. Summers Foundation American Express Company Occidental Petroleum Corporation Board Bertil P. Lundqvist William M. Cameron Vishakha N. Desai Max Thelen Luxembourg Ministry of Foreign Aramco Services Company OPNAV N51, Strategy and Policy Cargill Frederic V. Malek Ellen Chesler and Matthew J. Courtney Dunakin UNICEF Affairs University of Texas at Austin Division Caterpillar Robert E. Marks Mallow Elliott Company of Indianapolis, University of Warwick Maeil Business Newspaper & TV The Babcock & Wilcox Company Organization of American States The Centre for International Michael L. Martell, Morrison Kimberly Churches Inc. U.S.-Russia Business Council Maricopa Association of BAE Systems, North America Orlando Health Physician Partners Governance Innovation Cohen LLP Arthur B. Culvahouse Nick Farmer Frederick Utley Governments Rex J. Bates Robert Peck Judith and Stewart Colton Marubeni America Corporation Driggs Foundation, Inc. Ellen Futter Nicole Wanner Marsh & McLennan Companies, Bipartisan Policy Center Peter G. Peterson Institute for The Community Foundation for The MCJ/Amelior Foundation Charles W. Duncan, Jr. Joseph Gildenhorn Robert M. Weekley Inc. The Brodsky Family Foundation International Economics the National Capital Region Arjay and Francis Miller Kay Enokido and Thomas C. Vartan Gregorian D. Kenneth Woodard Douglas B. Marshall, Jr. Family Central Intelligence Agency The Pew Charitable Trusts ConocoPhillips Ministry of Foreign Affairs and Crouse Theresa Grimison Daniel H. Yergin and Angela Stent Foundation Morris Chang, Taiwan RR Donnelley & Sons Company Karen and Everett R. Cook Trade, Republic of Korea Elinor Farquhar Marion Guggenheim Mitsubishi Corporation (Americas) Semiconductor Manufacturing Sanofi US Corning Incorporated Foundation Mitsui & Co. (U.S.A.), Inc. Nancy M. Folger Henry E. Hale The Leo Model Foundation Company, Ltd. Leonard D. Schaeffer The Curtis Family Foundation National Bureau of Economic Forum for the Future of Higher Nancy M. Hewett Brookings strives to be complete The Ambrose Monell Foundation Harlan R. Crow William A. Shutzer David E. R. Dangoor Research, Inc. Education Hickrill Foundation and accurate in recognizing the National Institute on Aging generous support of our donors. We regret any omissions or errors.

36 37 STATEMENT OF ACTIVITIES STATEMENT OF FINANCIAL POSITION Years Ended June 30, 2012 and 2011 (in thousands) As of June 30, 2012 and 2011 (in thousands) Preliminary and Unaudited* Preliminary and Unaudited*

TEMPORARILY PERMANENTLY FY 2012 FY 2011 2012 TOTAL 2011 TOTAL UNRESTRICTED RESTRICTED RESTRICTED TOTAL TOTAL ASSETS OPERATING ACTIVITIES Cash and cash equivalents $ 36,643 $ 17,555 Revenue and Support Grants, Contributions and accounts receivable, net 92,472 69,171 Investment return designated for operations $ 9,943 $ 2,844 $ 12,787 $ 12,420 Inventory 355 451 Grants, contracts, and contributions 19,100 86,883 $10,537 116,520 86,935 Investments 262,209 275,066 Brookings Press 1,941 - - 1,941 2,226 Property and equipment, net 45,249 45,862 Facility and other revenue 2,472 - - 2,472 694 Other assets 1,687 1,934 Net assets released from restrictions— TOTAL ASSETS 438,615 410,039 Satisfaction of program restrictions 58,801 (58,801) - - - Liabilities and Net A ssets Total Operating Revenue 92,257 30,926 10,537 133,720 102,275 Liabilities Operating Expenses Accounts payable and accrued expenses (8,050) (6,963) Program Services Bonds payable and lines of credit (43,540) (44,377) Economic Studies 15,635 - - 15,635 15,883 Accrued compensated leave (1,366) (1,386) Foreign Policy 19,157 - - 19,157 17,356 Accrued post-retirement benefit obligation (2,305) (2,593) Global Economy and Development 9,317 - - 9,317 8,914 Deferred revenue (362) (277) Governance Studies 5,580 - - 5,580 4,290 TOTAL LIABILITIES (55,623) (55,596)

Metropolitan Policy Program 12,143 - - 12,143 9,404 Net Assets Other Research 1,850 - - 1,850 2,193 Unrestricted (173,017) (183,086) Executive Education 1,085 - - 1,085 1,500 Temporarily restricted (139,269) (111,187) Brookings Press 2,690 - - 2,690 2,681 Permanently restricted (70,706) (60,170) Communications 2,485 - - 2,485 2,209 TOTAL NET ASSETS (382,992) (354,443) Total Program Services 69,942 - - 69,942 64,430 TOTAL LIABILITIES AND NET ASSETS $(438,615) $(410,039) Supporting Services Management and General 18,643 - - 18,643 19,272 Fundraising 2,593 - - 2,593 3,171 Operating RevenuesProgram Services Expenses

Total Operating Expenses 91,178 - 91,178 86,873 27% Foreign Policy Net Operating Activity 1,079 30,926 10,537 42,542 15,402 3% Change in net assets before non-operating activities 1,079 30,926 10,537 42,542 15,402 Other Research 84% NON-OPERATING ACTIVITIES Gifts and Grants 2% Executive Education Investment return in excess of amounts designated for operations 2% 22% Publications Economic Studies Realized gain (loss) on sale of investments 8,464 - - 8,464 7,383 17% Unrealized gain (loss) from investments (10,263) - - (10,263) 42,370 11% Metropolitan Policy Program Endowment Interest and dividends, net 305 - - 305 970 4% Investment return designated for operations (9,943) (2,844) - (12,787) (12,420) Publications 3% Total investment return (loss) in excess of amounts Miscellaneous 8% designated for operations (11,437) (2,844) - (14,281) 38,303 Governance Studies Total Non-Operating Activities (11,437) (2,844) - (14,281) 38,303 13% Global Economy Change in net assets before post-retirement related 4% changes other than net periodic post-retirement Communications benefit cost (10,358) 28,082 10,537 28,261 53,705 Notes: Post-retirement related changes other than net periodic As a nonprofit and scientific organization, Brookings­ is exempt from federal income taxes under section 501(c)(3) of the Internal post-retirement pension cost 288 - - 288 1,408 Revenue Code. The Institution also qualifies as a publicly supported organization under section 170(b)(1)(A)(vi) of the code. CHANGE IN NET ASSETS (10,070) 28,082 10,537 28,549 55,113 The Brookings policy is to make an annual investment spending allocation for the support of operations. This amount is calculated based on 70% of the prior year’s spending adjusted for inflation and 30% of 5% of the market value of the investments as of December 31 Net assets, Beginning of year 183,086 111,187 60,170 354,443 299,330 of the prior fiscal year. Certain reclassifications of prior year balances have been made to conform to the current year presentation.­ Net assets, End of year $173,016 $139,269 $70,707 $382,992 $354,443 *A copy of the Institution’s audited financial statements is available by request.

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n an age when new com- administration’s foreign policy social media to socioeconomic Senior Fellow Barry Bosworth munications technologies performance. In Bending His- and demographic conditions to examines why saving rates in the have accelerated the speed tory: Barack Obama’s Foreign the influence of Islamists. Now U.S. have fallen drastically, and of public debate without Policy, part of the Brookings the standard reference on the why that matters, in The Decline necessarily improving its Press FOCUS Series, Vice Arab awakening, the volume in Savings: A Threat to America’s content, Brookings remains President and Director of For- is used by policymakers and Prosperity? And in No Slack: The Icommitted to e-books and the eign Policy Martin Indyk and other thought leaders seeking to Financial Lives of Low-Income printed word. Book-length Senior Fellows Kenneth Lieber- understand the shifting political Americans, Nonresident Senior treatments of the world’s most thal and Michael O’Hanlon order within Arab nations. Fellow Michael Barr details how pressing issues remain critical argue that President Obama has Focusing on the need for the financial system contin- tools for setting the agenda and been a foreign policy pragmatist, effective foreign aid in a rapidly ues to fail the most vulnerable shaping the debate among poli- tackling issues thoughtfully one changing global environment, Americans. cymakers, journalists, business at a time, but without strategic Catalyzing Development: A New Analyzing the impact of executives and other thought coherence to connect serious Vision for Aid outlined game- groundbreaking new technolo- leaders. global challenges. changing strategies to help gies, Senior Fellow Benjamin Deep partisan divides, com- Jeffrey A. Bader, recently fragile countries out of poverty. Wittes and Nonresident Senior bined with heated election-year named the John C. Whitehead Edited by Senior Fellow Homi Fellow Jeffrey Rosen co-edited politics, dominated policy dis- Senior Fellow in International Kharas, the book was instru- Constitution 3.0: Freedom and course and hindered progress on Diplomacy, examines East Asian mental in shaping the agenda Technological Change—a col- crucial challenges in the United policy in Obama and China’s and discussions at the Fourth lection of essays by renowned States. Brookings scholars from Rise: An Insider’s Account of High Level Forum on Aid Effec- legal scholars that together across the Institu- offer a roadmap tion worked to for adapting our get ahead of the nation’s core political process by constitutional presenting authori- principles to tative analyses of future technologi- the most critical cal developments. BROOKINGS policy tests awaiting Vice President November’s winner and Director in Campaign 2012: of Governance Twelve Independent Studies Darrell Ideas for Improving West examines American Public how technology Policy. Edited by can dramatically Senior Fellow Benjamin Wittes, America’s Asia Strategy. Drawing tiveness held in Busan in the fall increase the efficacy of public this volume is the capstone of on Bader’s time as an advisor to of 2011. education in Digital Schools: the all-Brookings Campaign President Obama’s first presi- The debt crisis in the euro- How Technology Can Transform 2012 project. It offers compre- dential campaign and his sub- zone escalated concerns about a Education. hensive and pragmatic recom- sequent work with the National double-dip recession in the U.S. The Brookings Press also mendations on issues ranging Security Council, the revealing and another global economic released new paperback edi- from fiscal policy and political narrative offers a firsthand look downturn. Saving Europe: How tions of several successful titles, dysfunction to a transforming at the administration’s efforts to National Politics Nearly Destroyed including Senior Fellow Bruce Middle East and the threat of stabilize relations with China the Euro, authored by Visiting Riedel’s Deadly Embrace: Paki- terrorism. The Brookings Press in the face of Beijing’s rising Fellow Carlo Bastasin, traces the stan, America and the Future sped the publication of this and assertiveness. crisis from the market collapse of the Global Jihad; William other high-quality manuscripts With revolution still unfold- of 2008. Bastasin, an inter- Antholis and Strobe Talbott’s more quickly than most aca- ing, Brookings scholars led inter- nationally renowned financial Fast Forward: Ethics and Politics demic presses, putting them national debate on the uprisings journalist, reveals how the nexus in the Age of Global Warming; onto bookshelves in time for that spread across the Middle of international economics and and Darrell West’s Brain Gain: maximum impact. East from Tunisia. In The Arab national politics has pushed the Rethinking U.S. Immigra- Amid debate about whether Awakening: America and the euro to the brink of extinction. tion Policy. These books have America is declining as a world Transformation of the Middle New volumes focused on become required reading among power, the Brookings Press East, Brookings’s Middle East America’s ongoing struggle to leading policymakers and other released several titles offering experts explain key aspects of emerge from the Great Reces- thought leaders in their respec- new perspectives on the Obama the turmoil—from the role of sion and restore fiscal stability. tive fields. G

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