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The Compass: The Test: Can America change?

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Can America change?

28/07/2021 GMT

The Test

BBC World Service - The Compass, The Test, Can America change?

Jim O’Neill investigates the impact of President Biden’s ambitions to ‘build back better’

Jim O’Neill investigates the impact of President Biden’s ambitions to ‘build back better’ on America's economy.

International economist Jim O’Neill asks economists and historians if President Biden’s ambitions to ‘build back better’ -  with a new focus on investing in human capital and addressing racial and financial inequalities - could result in fundamental changes to the characteristics of America’s economic system. Has the resilience that is critical to the DNA of America's economic system - its capacity to weather recurring financial storms and bounce back - survived Covid?

(Photo: US President Joe Biden speaks as Vice President Kamala Harris (L) looks on at an event marking the day that families will get their first monthly Child Tax Credit relief payments through the American Rescue Plan. Credit: Alex Edelman/ EPA)

The Compass: The Test

Jim O’Neill stress-tests the future of the US economy and the dollar in the global economy

In this three part series, economist Jim O’Neill stress-tests the future of the US economy and the dollar in the global economy.
 
How has the Covid pandemic tested America’s capacity for economic recovery?  What challenges do new digital currencies like bitcoin pose for the dollar?  How might the Biden administration’s plans and new thinking redefine America’s place in the world?

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